Sensex and Nifty reached record high levels on 30 July, after gaining in volatile trade, driven by strong performances in the broader market and select sectors.

Sensex rose by 100 points to close at 81,455.40, whereas Nifty added 21 points, finishing at 24,857.30. Despite an intra-day recovery, the Nifty ended below the 24,900 mark.

The Nifty Midcap 100 Index outperformed, closing at a record high of 58,623.40 with a gain of 261 points, while the Nifty Bank index rose by 93 points to settle at 51,499.30.

Major gainers included NTPC, Tata Motors, Power Grid, Asian Paints, Titan, and Bajaj Finserv. The biggest laggards were Sun Pharma, ITC, Bharti Airtel, Hindustan Unilever, UltraTech Cement, and Mahindra & Mahindra.

Tata Motors was the top gainer of Nifty, surging 4% to a record high. Kotak Mahindra Bank and ICICI Bank fell 1% in the last hour of trading.

Oil marketing companies BPCL, HPCL, and IOC rose 3-4%. NTPC climbed 4% to a record high due to strong Q1 results, reversing the previous day’s losses.

Colgate Palmolive rose over 5% on strong Q1 earnings. Ajanta Pharma gained over 5% due to healthy quarterly results. Power Grid surged 4% after positive management commentary post-Q1 results.

Cipla and Sun Pharma were among the top Nifty losers in the struggling pharmaceutical sector. Suzlon gained for the 7th consecutive session, hitting a 5% upper circuit post-strong results.

City gas companies MGL and IGL rose up to 3% each, while Exide fell 3% after its earnings announcement. PCBL surged 11% following a bullish outlook from Sanjiv Goenka.

Granules rose 4% after a nearly 200% jump in Q1 net profit. Dixon Technologies ended over 3% higher ahead of its Q1 earnings.

Apar Industries and Force Motors gained up to 10% each in post-Q1 results. ideaForge plunged 11% after a 90% drop in Q1 profit and a sharp contraction in gross margins.

Market breadth favoured advances with a 3:2 advance-decline ratio.

Sensex closed 0.12% higher at an all-time high of 81,455.40, while Nifty closed 0.085% higher at 24,857.30 after touching an intraday high of 24,971.75.

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