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04/07/24 | 5:05 pm | BSE Sensex | Nifty 50

Sensex closes above 80,000 for first time, Nifty at 24,302

The BSE Sensex and Nifty continued their upward trajectory on Thursday, reaching fresh lifetime highs.

The Sensex added 62 points, or 0.08 percent, to close at 80,049, while the Nifty gained 15 points, or 0.06 percent, to 24,302. Both benchmarks hit record highs for the third session in a row.

“The market sentiment was influenced by a positive bias in the rupee against the US Dollar, supported by weaker US economic data and increased global risk appetite. However, gains were capped by elevated crude oil prices. Investor caution prevailed ahead of the US non-farm payrolls report due the following day,” said Varun Aggarwal, MD, Profit Idea.

Despite the overall positive trend, the market showed a mixed bag of results across various sectors. While the broader market saw most indices on the National Stock Exchange (NSE) closing with gains, the sectoral indices presented varied performance. Nifty Financial Services, Nifty FMCG, Nifty Media, Nifty Metal, and Nifty Consumer Durables witnessed declines.

Top performers on the Nifty 50 included Tata Motors, HCL Tech, ICICI Bank, Sun Pharma, and TCS. HDFC Bank, Bajaj Finance, Adani Enterprises, Wipro, and Tech Mahindra ended the day as the top losers.

Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) showed strong support for the Indian markets, infusing significant capital. Data from the National Securities Depository Limited (NSDL) revealed that in the first three days of July, FIIs invested a net amount of Rs 3,057 crore, while DIIs contributed Rs 3,641.25 crore.

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