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Stock Market Live Updates: Sensex and Nifty open at new peaks driven by economic optimism

India’s primary indexes surged to fresh record highs on Tuesday, building on the momentum from the previous session driven by robust macroeconomic data, expectations of a U.S. rate cut in March, and the Bharatiya Janata Party’s triumph in key state elections. 

Early in trading, the 30-share BSE Sensex ascended by 172.72 points to 69,037.84, while the NSE Nifty rose by 55.85 points, reaching 20,742.65.

Among the Nifty gainers were BPCL, Axis Bank, M&M, Adani Enterprises, and Apollo Hospitals, while HCL Tech, SBI Life, Infosys, Bajaj Auto, and LTIMindtree faced declines.

Both the Nifty 50 and the BSE Sensex marked their strongest session in 14 months and settled in overbought territories on Monday. However, Wall Street retreated following recent gains, anticipating significant U.S. labor market data that could influence the Federal Reserve’s rate policy. Consequently, Asian markets opened lower.

Foreign portfolio investors (FPIs) netted Indian shares worth Rs 2,073 crore ($248.56 million), while domestic institutional investors (DIIs) added shares valued at Rs 4,797 crore on Monday

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