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Sensex Today Live: Indian benchmark indices closed higher for the second day in a row, driven by positive cues from global markets and anticipation of interest rate cuts by the Federal Reserve in September. The formation of a new government by Narendra Modi-led BJP’s alliance NDA also contributed to the positive sentiment in the market.

The Sensex opened higher at 75,078.70 and traded between a low of 74,474.94 and a high of 75,297.73 throughout the day. At close, the Sensex was at 75,074.51, up 692.27 points or 0.93%. Similarly, the Nifty 50 opened higher at 22,798.60 and closed at 22,821.40, up 201.05 points or 0.89%.

Seven of the 30 stocks on the BSE Sensex closed in the red, with Hindustan Unilever, Asian Paints, Mahindra & Mahindra, Nestle India, and IndusInd Bank being the top drags. On the other hand, Tech Mahindra, HCLTech, SBI, NTPC, and Infosys were the top gainers.

In the broader market, the BSE SmallCap index gained 3.06% and the BSE MidCap gained 2.28%. Except for FMCG, Pharma, Health, and Private Bank sectors, all other sectoral indices closed in the green. The Realty index gained the most, followed by Media, PSU Bank, and Oil & Gas indices.

Overall, the market showed positive momentum, with investors reacting positively to global cues and political developments. The outlook remains optimistic, with expectations of further gains in the coming days.