Stock Market Today: BSE Sensex and Nifty50 Achieve Historic Closing Highs

Sunday, 1 September 2024, 20:51

Business news highlights today's stock market as the BSE Sensex and Nifty50 reached new all-time closing highs, driven by foreign fund inflows and favorable global markets. The momentum showcases the strength of Indian equities on Dalal Street. Investors are optimistic due to rising expectations of a US rate cut, further adding to market enthusiasm.
Indiatimes
Stock Market Today: BSE Sensex and Nifty50 Achieve Historic Closing Highs

Record Highs for BSE Sensex and Nifty50

As business news unfolds, the Indian stock market indices have reached unprecedented heights. The BSE Sensex surged by 194.07 points or 0.24 percent, closing at a record high of 82,559.84. During intra-day trading, it peaked at 82,725.28, illustrating the bullish sentiments enveloping Dalal Street.

Performance of Nifty50

Similarly, the NSE Nifty witnessed an increase of 42.80 points, or 0.17 percent, concluding the day at a lifetime high of 25,278.70. This marks the Nifty's 13th consecutive day of gains, reaching an impressive intra-day peak of 25,333.65.

Top Performers

  • Bajaj Finserv
  • Bajaj Finance
  • HCL Tech
  • IndusInd Bank
  • ITC
  • UltraTech Cement
  • Axis Bank
  • Infosys

Market Overview

In global markets, Seoul and Tokyo closed positively, while Shanghai and Hong Kong experienced downturns. European markets were varying, whereas US markets recorded gains on Friday. Notably, foreign institutional investors (FIIs) were net buyers, acquiring equities worth Rs 5,318.14 crore.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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