Monday’s closing of India’s equity indices was flat due to selling pressure on higher levels.
Sensex and Nifty reached fresh all-time highs in morning session at 81,908 and 24,999, respectively.
However, at the close, Nifty was up 1.25 points at 24,836 and Sensex was up 23 points at 81,335.
The Nifty Midcap 100 index increased 593 points, or 1.03 percent, to 58,362, and the Nifty Smallcap 100 index increased 189 points, or 1 percent, to 19,043, indicating buying activity in small- and mid-cap stocks.
The sectors indices that saw the most gains were auto, PSU bank, pharma, metal, real estate, energy, and infrastructure. Finserve, FMCG, and IT, however, were the biggest laggards.
The top gainers in the Sensex pack were Titan, Bharti Airtel, ITC, Tech Mahindra, and Kotak Mahindra Bank, while the top losers were L&T, Bajaj Finserv, M&M, Ultratech Cement, SBI, Reliance, IndusInd Bank, Sun Pharma, and Maruti Suzuki.
According to market experts, an ease in the US personal consumption expenditure to 2.5 per cent and the subsequent drop in the US 10-year yield fuelled optimism that the Fed might cut rates in September, leading to a global rally.
However, profit-booking was triggered in the domestic market given trading in the overbought territory.
The rupee traded sideways near 83.73, with the dollar remaining positive above $104.20.
