Unabated FII Inflows:

• BSE Sensex climbed 145.52 pts or 0.18% to new record high of 80,664.86
• During the day, Sensex advanced 343.2 points or 0.42% to high of 80,862.54
• NSE Nifty rallied 84.55 pts or 0.35% to all-time closing high of 24,586.70
• During the day, Nifty surged 132.9 pts or 0.54% to new record peak of 24,635.05
• SBI, NTPC, UltraTech Cement, M&M, Bajaj Finance, Tata Motors, Maruti and ITC were winners
• Asian Paints, Tata Steel, Axis Bank, JSW Steel, Tech M and TCS among laggards
• Fresh foreign fund inflows
• FIIs bought equities worth Rs4,021.60 cr on Friday

Mumbai: Benchmark Sensex and Nifty closed at new record high levels on Monday following buying in PSU bank shares and fresh foreign fund inflows. The 30-share BSE Sensex rose by 145.52 points or 0.18 per cent to settle at a new record high of 80,664.86. During the day, it advanced 343.2 points or 0.42 per cent to hit a high of 80,862.54. NSE Nifty rallied 84.55 points or 0.35 per cent to settle at an all-time closing high of 24,586.70. During the day, it surged 132.9 points or 0.54 per cent to hit a new record peak of 24,635.05.

“The Indian market continues to experience optimism driven by positive expectations from the upcoming Union Budget, robust FII inflows, and better-than-expected results from the IT sector. Additionally, the initial results from PSU banks have triggered a strong rally in the PSU index,” said Vinod Nair, head (research), Geojit Financial Services.

In the broader market, the BSE midcap gauge jumped 0.95 per cent and smallcap index climbed 0.21 per cent. Among the indices, oil & gas rallied 2.32 per cent, energy (1.61 per cent), realty (1.40 per cent), utilities (1.09 per cent) and healthcare (1 per cent). Industrials, IT, teck and capital goods were the laggards. As many as 2,035 stocks advanced while 2,005 declined and 128 remained unchanged.

Among Sensex shares, State Bank of India was the biggest gainer, rising by 2.55 per cent after the bank announced a hike in MCLR-based lending rates for various tenors. NTPC, UltraTech Cement, Mahindra & Mahindra, Bajaj Finance, Tata Motors, Maruti and ITC were the other major winners. On the other hand, Asian Paints, Tata Steel, Axis Bank, JSW Steel, Tech Mahindra and Tata Consultancy Services were among the laggards.

Among PSU banks, Indian Overseas Bank rose by 7.35 per cent. Canara Bank, Punjab National Bank, Uco Bank, Bank of Baroda and Union Bank also advanced.

Among Nifty sectoral indices, Nifty PSU Bank was the lead gainer, rising by 3.11 per cent. Nifty CPSE was up 1.56 per cent. Bank of Maharashtra (BoM) rallied 5.56 per cent after the bank reported 47 per cent jump in net profit at Rs 1,293 crore for June quarter FY25, helped by decline in bad loans and improvement in interest income. Global markets were mixed after a shooting at a rally for former President Donald Trump. In Asian markets, Seoul and Shanghai settled higher while Hong Kong ended lower.

Investors’ wealth rises Rs 3.85 lakh cr in 2 sessions

The market capitalisation (mcap) of BSE-listed firms hit a new all-time high of Rs4,55,06,566.48 crore (Rs455 lakh cr or $5.45 trn) on Monday. In two days of market rally, investors’ wealth jumped Rs3.85 lakh crore.