The record-breaking gaining streak in the domestic markets extended to a 13th day on Monday, with growing optimism about rate cuts in the US keeping sentiment buoyant. The benchmark National Stock Exchange Nifty 50 has risen nearly 5 per cent in the past 13 trading sessions between August 13 and September 2. The index had never gained for more than 11 sessions earlier.
After hitting a high of 25,334, the 50-share blue-chip index closed at 25,279, marking a gain of 43 points, or 0.2 per cent. The S&P BSE Sensex ended the session at 82,560, up 194 points, or 0.2 per cent. Both indices reached new highs both on an intraday and closing basis, with consumer and software stocks leading the charge. BSE-listed firms' combined market capitalisation rose by ₹45,000 crore, reaching ₹464.9 trillion.
This story is from the September 03, 2024 edition of Business Standard.
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This story is from the September 03, 2024 edition of Business Standard.
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