On Monday, Indian equities experienced a narrow trading range before closing with modest gains, primarily driven by IT, FMCG, and banking stocks.
However, overall market gains were constrained due to weak global market signals as investors anticipated the release of the U.S. jobs report later in the week, seeking further insight into the Federal Reserve's potential rate cut trajectory.
Currently, money markets anticipate a 25 basis point (bps) rate cut by the Fed in September, with the likelihood of a 50-bps cut diminishing following last week's economic data.
The benchmark 30-share BSE Sensex concluded the session up by 194.07 points, or 0.24 percent, at 82,559.84, after achieving an intraday record high of 82,725.28.
Similarly, the broader NSE Nifty index closed 42.80 points higher, or 0.17 percent, at 25,278.70, after reaching a new high of 25,333.65 in the morning session.
In the Nifty pack, SBI Life, Hero MotoCorp, HCL Technologies, Bajaj Finance, and Bajaj FinServ rose by 2-3 percent, while Hindalco topped the losses by closing 2.6 percent lower.
ONGC, NTPC, Tata Motors, and Dr Reddy's Laboratories also saw declines, falling by 1-2 percent.
