Share Market Highlights July 16, 2024: Sensex, Nifty range-bound ahead of market holiday; BPCL, Coal India, LIC hold firm

Sensex, Nifty updates on 16th July, 2024: Sensex and Nifty have been on a record-breaking run since Friday as foreign investors have turned buyers in the Indian equities ahead of the presentation of the Union budget for 2024-25. Encouraging quarterly results by blue-chips have also supported the rally despite high valuation concerns, according to analysts. Top gainers include, Hindustan Unilever, Bharti Airtel, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, ITC and Asian Paints. Top losers include, Kotak Mahindra Bank, Reliance Industries, NTPC, UltraTech Cement and Power Grid. Foreign Institutional Investors (FIIs) bought equities worth ₹2,684.78 crore on Monday, according to exchange data. On Monday, the BSE benchmark climbed 145.52 points or 0.18 per cent to settle at a new record high of 80,664.86. The NSE Nifty rallied 84.55 points or 0.35 per cent to settle at an all-time closing high of 24,586.70.