submitted on Thursday, August 29, 2024, at 13:09.
Nifty Hits Record 25152 Sensex Surges 349 Points
FINAL TRADE (August 29, 2024): Indian stocks closed higher after reaching new highs for the second day in a row, extending their winning streak to eleven days. The Nifty finished above 25,150 levels at 25,151.95, up 0.4 percent or 99.6 points, while the Sensex closed at a new high of 82,134.61, up 0.43 percent or 349.05.
Although the market is uneven on a sectoral basis, today’s headline indices reached new highs thanks to increases in the FMCG, IT, consumer durable, and oil and gas indexes.
According to Vinod Nair, Head of Research at Geojit Financial Services, Indian stocks started out slowly before breaking through a record-breaking height. Although volatility shattered the trend, the rise was quickly supported by the entire market and reached a new high by day’s end. Recent gains in Indian FMCG and IT equities suggest that the US economy may be headed for a gentle landing, and that rural consumption in the country is improving.
Top winners and loses; Nifty Hits Record 25152 Sensex Surges 349 Points
Grasim Industries, M&M, Eicher Motors, Hindalco, and Adani Enterprises were laggards, while the Bajaj brothers, Britannia, ITC, and Apollo Hospitals were among the Nifty pack.
markets in Europe
As gains were bolstered by media and tech firms, European markets experienced increased trading. 3.3% more was gained by the pan-European STOXX 600 index (.STOXX).
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