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Sensex Today: Benchmark indices maintained their winning ways on Tuesday aided by a strong rally in financial and information technology (IT) shares.
The BSE Sensex index ended at 80,803 levels, up 378 points or 0.47 per cent. The NSE Nifty50, meanwhile, settled at 24,698.85, up 126 points or 0.5 per cent.
Bajaj Finserv, IndusInd Bank, Tech M, Bajaj Finance, Kotak Bank, and Axis Bank were the top large-cap gainers, rising up to 3.3 per cent.
In the broader markets, the BSE MidCap and SmallCap indices closed 0.98 per cent and 0.52 per cent higher, respectively.
Among sectors, the Nifty PSU Bank index gained the most, adding 1.68 per cent on the NSE, followed by the Nifty Financial Services index (up 1.1 per cent), and the Nifty IT index (0.81 per cent).
Global Cues
Asian stocks increased, buoyed by a strong performance on Wall Street as expectations grew that the Federal Reserve might soon indicate a readiness to start cutting interest rates.
Shares rose in Japan, South Korea, and Australia, with the MSCI Asia-Pacific index on track for its third consecutive day of gains. Hong Kong futures also suggested an upward trend. This advance was driven by a positive sentiment in the US, where the S&P 500 extended its winning streak to eight days—the longest of the year.
US stocks rose on Monday, extending their biggest weekly percentage gain of the year. Investors were attentive to the Democratic National Convention and the forthcoming Jackson Hole Economic Symposium.
The tech-focused Nasdaq drove the gains across all three major US stock indexes, buoyed by strong performances from Nvidia, Microsoft, and Alphabet.
