The Nifty index reached a new record high of 23,000 points during intraday trading. However, both the Sensex and Nifty closed slightly lower due to profit booking in FMCG, tech, and healthcare stocks. Despite a weak global market, the Indian markets were supported by foreign capital inflows and stable crude oil prices. The markets have been on a record-breaking rally for the second consecutive day, with investors eagerly awaiting the results of the Lok Sabha polls on June 4. The Sensex, although it reached an all-time intraday high of 75,637 points, ultimately settled at 75,410 points, a decline of 8 points. Similarly, the Nifty hit a lifetime peak of 23,026 points but ended with a marginal decline of 11 points at 22,957.
According to Prashanth Tapse, senior VP (research) at Mehta Equities, markets closed unchanged in a slow trading session as investors chose to remain cautious due to weak global cues. The sensex has surged 1,493 points over the past week, while the market capitalization of BSE stood at approximately Rs 420 lakh crore. This information was reported by various agencies.
