Markets ended at record high on Tuesday after a largely lackluster performance throughout the day. The Sensex and the Nifty recouped losses towards the fag end of the trading session, helped in particular by index heavyweight Reliance Industries, which surpassed the Tata Consultancy Services to become the most valued company of India. At 7.5 lakh crore market cap, RIL is now a $109 billion dollar company.

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The Sensex ended 112 points up at 37,607, while the Nifty settled at 11,356, rising by 37 points. Midcaps on both indexes also ended higher, but banks underperformed, dragging indexes lower.

(Market update as of 3.45 pm)

Sensex, Nifty turned green before the close

Markets turned positive before the close with the Sensex edging higher by 21 points, or 0.06 percent to 37,515.32, while the Nifty is up by 12.15 points, or 0.11 percent, to 11,331.70.

Reliance leads in the Sensex pack with nearly 3 percent gains on a day the oil-to-telecom conglomerate surpassed the Tata Consultancy Services in market cap and becoming the country's most valued firm.

Reliance is well-supported by Hindustan Unilever, Hero MotoCorp, Adani Ports, Tata Steel, Bharti Airtel, Asian Paints.

Axis Bank shares have declined sharply, however, by 3.3 percent, followed by HDFC which is down nearly 1.6 percent. SBI, Vedanta, ICICI Bank, Tata Motors, ITC are other laggards.

(Market update as of 3 pm)

Here's how the markets performed around noon

The Indian market extended losses around noon session, sapped primarily by weakness in HDFC twins and selling pressure seen in most sectors. The Sensex traded at 37,370.89, down by 123.51 points, while the Nifty was at 11,288.30, lower by 31.25 points.

Traders have also turned cautious ahead of the Reserve Bank of India's (RBI) decision on key interest rates.

Both the BSE Sensex and the NSE Nifty 50, snapped their six-day dream run on Tuesday and opened lower amid weak global cues. The Sensex had gained 998.03 points in the previous six sessions. The 50-share broader NSE index too slipped from record high by falling 35.40 points.

Among Sensex gainers, Hero MotoCorp rose by 2.46 percent, followed by Sun Pharma with 1.86 percent gains, Bajaj Auto with 1.34 percent gains. HDFC at 2.20 percent led among the laggards, followed by Tata Motors, Axis Bank, Tata Steel, ICICI Bank, Vedanta, ITC, Infosys, declining by up to 1.42 percent.

Tech Mahindra with 3.84 percent led the Nifty gainers, along with Sun Pharma, Hero MotoCorp, Dr Reddy's Labs, HCL Technologies, while IndiaBulls Housing Finance tops the laggards at 3.07 percent. HDFC was down by 2.34 percent, Eicher Motors, BPCL and Axis Bank were also down up to 2.34 percent.

MidCaps outperformed with Nifty MidCap higher by 0.29 percent, while the BSE MidCap was up by 0.21 percent.

Asian stocks were mixed with Japan's Nikkei trading higher by 0.3 percent after the Bank of Japan kept interest rates unchanged, while Hong Kong's Hang Seng was trading lower by 0.25 percent.

First Published:Jul 31, 2018 12:52 PM IST