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Sensex Nifty All Time High: After a flat start, the Indian stock market again reached a record high today. The Sensex has reached a historic high for the second time in the month of August. Earlier, the highest level was recorded on August 1. Today, in the afternoon trading session, the Sensex rose 500.27 points to a record high of 82285.83. At 3 am, it was trading with a jump of 460 points.
Nifty reached record high for the second consecutive day
Nifty50 reached a new record high for the second consecutive day. Nifty today rose more than 100 points to an all-time high of 25192.50. Which was trading at a gain of 123.15 points at 3.00 pm. Experts say that the market has gained momentum due to the rise in IT and FMCG stocks.
277 stocks hit new top, 263 stocks hit upper circuit
At the time of writing on the BSE, 277 stocks had hit a new high of the year and 20 stocks had hit a yearly low. 263 stocks hit an upper circuit and 280 stocks hit a lower circuit. The BSE market cap stood at Rs 462.19 lakh crore.
Shares Status on NSE
| share | final price | bounce |
| BAJFINANCE | 7095 | 2.83 |
| Bajajfinsvi | 1760.55 | 2.75 |
| Britannia | 5825.45 | 2.14 |
| ITC | 506.85 | 1.92 |
| ApolloHosp | 6896.4 | 1.77 |
| share | final price | to reduce |
| Grasim | 2670 | -1.68 |
| M&M's | 2765.7 | -1.15 |
| Eishermot | 4899.95 | -0.95 |
| ADANIENT | 2999.8 | -0.93 |
| Hindalco | 699 | -0.86 |
(Note: Prices are at the time of writing the news)
Selling pressure in smallcap and midcap stocks
Unlike large caps, midcap stocks have seen an increase in profit booking by investors. The midcap index is trading down by 0.57 per cent and the smallcap index is down by 0.66 per cent. Due to the attractive bullish trend of the last few years, investors are now selling and booking profits.
What do experts say
VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, believes that weak global cues have created buying opportunities in the domestic market, which is likely to continue. The sharp increase in largecap valuations indicates market stability in the near term. IT stocks have seen a strong rally on the possibility of interest rate cuts by the Fed in the US and signs of improvement in the economy. On the other hand, SME, smallcap stocks have become risky.
