Stock Market Highlights, Aug 30: Benchmarks log record close; Sensex tops 82,350, Nifty near 25,250

Stock Market highlights: The Sensex, and Nifty50 ended at record high closing levels ahead of the Q1 FY25 GDP data to be released today

Stock Market Highlights on Friday, August 30, 2024: Benchmark equity indices ended the week's last trading session at record high closing levels, fuelled by massive buying across sectors. The BSE Sensex added 231.16 points or 0.28 per cent to settle at 82,365.77. The index hit an all-time high of 82,637.03 during the intra-day trade. 

Meanwhile, mirroring the Sensex, Nifty50 too settled higher at 25,235.90, up 83.95 points or 0.33 per cent. The index hit an all-time high of 25,268.35 during the intra-day trade on Friday.

The session ended in favour of the bulls as as many as 41 out of 50 constituent stocks of Nifty50 ended with gains, led by Cipla, Bajaj Finance, Mahindra & Mahindra, Divis Labs, and NTPC of up to 2.23 per cent.  Similarly, on the BSE, 21 out of 30 listed stocks of Sensex ended in the green with gains led by Bajaj Finance, Mahindra & Mahindra, Bharti Airtel, and NTPC.

Broader indices ended higher with Nifty Midcap and Nifty Smallcap snapping a 2-session losing streak, as Nifty Midcap 100 and Nifty Smallcap 100 added 0.68 per cent and 0.48 per cent, respectively.

Among the sectors, Nifty IT and Pharma hit record highs, settling with gains of 0.46 per cent and 1.48 per cent, respectively. Meanwhile, Bank Nifty, Nifty PSU Bank, and Nifty Auto indices advanced for the second consecutive session. Also, Nifty Realty snapped a 2-session losing streak, led by Prestige, Phoenix Mills, and Oberoi Realty, ending the index higher by 1.83 per cent.