Mumbai: Indian equity indices closed at a record high for the first time on Monday, buoyed by market optimism.
At closing, the Sensex was up 194 points, or 0.24 percent, at 82,559, and the Nifty was up 42 points, or 0.17 percent, at 25,278.
During the trading session, the Sensex and Nifty both made new all-time highs of 82,725 and 25,333, respectively.
Nonetheless, the overall market trend was bearish on Monday.
On the Bombay Stock Exchange (BSE), 1782 shares closed in the green, 2256 shares in the red, and 149 shares remained unchanged.
Leading the Charge: Bajaj Finserv, Bajaj Finance, HCL Tech, IndusInd Bank, ITC, UltraTech Cement, Axis Bank, Infosys, Asian Paints, SBI, Titan and Tech Mahindra emerged as the top gainers in the Sensex pack.
Tata Motors, NTPC, M&M, Wipro, Bharti Airtel, L&T, Power Grid and TCS were the top losers.
Selling was seen in the midcap and smallcap stocks.
The Nifty Midcap 100 index closed at 59,152, down 134 points or 0.23 per cent, and the Nifty Smallcap 100 index closed at 19,244, down 62 points or 0.33 per cent.
IT, PSU banks, fin service, FMCGs and private banks were major gainers.
Auto, pharma, metal, realty, media and infra were major laggards.
Foreign Institutional Investors (FIIs) extended their buying, buying equities worth Rs 5316 crore on August 30, while domestic institutional investors sold equities worth Rs 3198 crore on the same day.
INDIAVIX was up 5 per cent on Monday at 14.06.
Market experts say, “The market has entered a zone of steady but mild up-move caused by the accumulation of quality large caps.
“FIIs turning buyers last week mainly due to some large bulk deals also improved sentiments in the market.
“If the market closes positive today, that will be a record for the Indian stock market, with the Nifty posting a record 13-day winning streak. Sentiment-wise, this is positive.”
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–IANS
