Benchmark stock indices on Tuesday surged following global cues scaling new highs. The BSE Sensex rose 663 points to close at record high of 57,552 and Nifty50 index jumped 201 points to close at an all-time high of 17,132
The rally in Indian equity markets received support from the world markets after the US Fed Chairman Jerome Powell indicated the US central bank could begin scaling back its bond buying program by year-end, but did not give a firm timeline.
Bajaj Finance, Bajaj Finserv, Tech Mahindra, TCS, Bharti Airtel, Britannia Industries, Hindustan Unilever and HCL Technologies were among the top Nifty gainers in August. On the other hand, Hindalco, Eicher Motors, Shree Cements, Indian Oil, Bajaj Finserv, Asian Paints, TCS, Adani Ports were among the top Nifty losers. Tata Motors, Nestle India, IndusInd Bank, Reliance Industries, Bharat Petroleum and Power Grid were also among the notable Nifty losers.
Mid- and small-cap shares also witnessed buying interest as the S&P BSE MidCap index rose 0.83 percent and S&P BSE SmallCap index advanced 0.86 percent.