Nifty and Sensex End at Record Highs

30 Aug 2024 , 04:21 PM

On August 30, benchmark indices Nifty and Sensex held their ground in positive territory, closing at record highs lead by the strong rally in realty and pharmaceutical stocks. Both indices marked fresh highs at the opening bell, setting the stage for a strong trading session.

At close, the Sensex gained 317.03 points or 0.39%, ending at 82,451.64, while the Nifty rose by 83.90 points or 0.33%, to settle at 25,235.90. Around 2,115 shares were advanced, 1,630 shares declined, and 117 shares remaining unchanged.

The Nifty 50 has risen 16% year-to-date, while the Sensex has gained 14% over the same period.

The India VIX also eased further by nearly 3%, settling at 13.4 levels.

The BSE Midcap index rose 0.50%, while the Smallcap index climbed 0.73%. The overall market capitalization of companies listed on the BSE increased to a record high of nearly ₹464.4 lakh crore, up from approximately ₹462.6 lakh crore in the previous session, adding about ₹2 lakh crore to investors’ wealth in a single day.

Top gainers on the Nifty were Cipla, up 2.23%, Bajaj Finance, up 2.07%, and Mahindra and Mahindra, which rose by 1.97%.

On the downside, Tata Motors fell by 1.13%, HDFC Bank slipped 0.78%, and Tech Mahindra declined by 0.72%, marking them as the top losers in the index.