• Source:PTI
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Benchmark equity indices Sensex and Nifty closed at record highs on Tuesday, with the former hitting a new all-time high for the third consecutive day, on the back of strong buying in fast-moving consumer goods, telecom, select IT stocks and continued inflow of foreign funds.

The 30-share BSE Sensex rose 51.69 points or 0.06 percent to close at a new high of 80,716.55. During the day, it touched an all-time high of 80,898.30, up 233.44 points or 0.28 percent.

The NSE Nifty gained 26.30 points or 0.11 percent to close at a record high of 24,613. During the day, it surged 74.55 points or 0.30 percent to hit an all-time high of 24,661.25. Foreign investors turned net buyers in Indian equities on Tuesday, as they bought shares worth Rs 2,684.78 crore, according to stock exchange data.

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Analysts said that the strong buying in consumer and IT stocks was supported by the quarterly results of companies, which were better than expectations. The benchmark indices have been on a record-breaking spree since Friday, as investors cheered the passage of the Union Budget 2024-25.

The Sensex and Nifty have gained over 4 percent each in the last three trading sessions.
Among Sensex stocks, Bharti Airtel,  Hindustan Unilever, Infosys, Tech Mahindra, Mahindra & Mahindra, ICICI Bank, ITC, and Asian Paints were the top gainers. On the other hand, Reliance Industries, Kotak Mahindra Bank, NTPC, UltraTech Cement, and Power Grid were the top losers.

(With Agencies Input)

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