Stock market today: The Indian stock market’s record-setting spree continued on Thursday, July 4, as did investors’ strategy of booking profits at higher levels. This was evidenced by the market benchmarks, the Sensex and the Nifty 50, which closed with nominal gains after rising half a per cent each and hitting fresh all-time high levels.
The Indian stock market started impressively and traded with gains throughout the session amid positive global cues. However, the key indices pared their gains significantly towards the end of the session, hinting at growing caution against the market’s premium valuation.
After opening at 80,321.79 against its previous close of 79,986.80, the Sensex rose 0.50 per cent to hit its fresh record high of 80392.64 during the session. However, the index erased most gains and settled just 63 points, or 0.08 per cent, up at 80,049.67.
The Nifty 50 opened at 24,369.95 against its previous close of 24,286.50 and also clocked a gain of about half a per cent to make a fresh peak of 24,401. The index finally closed 16 points, or 0.06 per cent, up at 24,302.15.
