Sensex, Nifty see record closing for 3rd straight day on August 5; metal, IT stocks kept share market in GREEN

The Indian markets for the third session in a row had a record closing with Sensex ending at 54450 levels, while Nifty near the 16300-mark on Thursday. The drive was mainly led by metal and IT stocks. The market breadth today favoured decline, with an advance-decline ratio at 1:2.

The BSE Sensex surged over 123 points or a 0.23 per cent to 54,493, while Nifty50 jumped 36 points or 0.22 per cent to 16,295 at the record close today. The broader markets, meanwhile, ended mixed with the mid-cap index gaining 3 points or 0.01 per cent to 27931.4 levels at the close today.   

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Another important index to market, Nifty Bank declined by over 193 points or 0.54 per cent to 35835 levels. Financials underperform with ICICI Bank and SBI being the top losers on the Index.   

Out of 50 scrips on Nifty50, 26 advanced, 24 declined at the close. Bharti Airtel surged most at the market close today by around 4 per cent, followed by Eicher Motors up around 3.5 per cent, ITC gained over 3 per cent, Tech Mahindra jumped almost 3 per cent and Tata Steel over 2 per cent. 

On the contrary, SBI shares declined most in the trade today at close despite reporting strong first-quarter numbers, followed by IndusInd Bank, ICICI Bank, Bajaj Finance, and Bajaj FInserv each down between 1-2.5 per cent at the close on Thursday. 

Almost all sectoral indices ended in the red, except for Nifty Metal, IT, and FMCG, of which Metal stocks kept the market in the green, while banking and financial stocked dragged the benchmarks at the market close today.