Today, benchmark indices Nifty and Sensex ended on new record highs, extending their winning streak to 13 sessions, driven by gains in FMCG and banking stocks despite some volatility and pressure from metal and pharma stocks.

At the end of the day, the Sensex rose 194.07 points or 0.24% to 82,559.84, while the Nifty gained 42.80 points or 0.17% to 25,278.70. About 1,684 shares advanced, 2,191 shares declined, and 133 shares remained unchanged.

The broader market sentiment weakened further as the day wore on, causing indices to slip by 0.1% and 0.5%. Despite concerns about high valuations, the broader market continues to outperform the Nifty’s year-to-date gains.

The market saw big swings today, as the India VIX index jumped more than 5% to end up at 15.75 by closing.

Shares of Tata Motors dropped 2% after the company proclaimed an 8% YoY decrease in its auto sales for the month of August to 71,693 units from 78,010 units in the same period last year. The stock rallied more than 50% last month.

Among major sectors, only banking, FMCG, and IT closed in the green, while capital goods, metal, healthcare, telecom, and media ended down by 0.4%.

The major gainers on the Nifty included Bajaj Finserv, Bajaj Finance, HCL Technologies, Bajaj Auto, and Hero MotoCorp, while the major laggards included Grasim Industries, Kotak Mahindra Bank, Adani Enterprises, Coal India, and Nestle India.

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