While Sensex and Nifty closed below record highs amid volatility, analysts remain cautiously optimistic, noting that Indian equities have defied global uncertainty to post strong gains this year.

Share market today: The two key equity benchmarks, Sensex and Nifty, on Tuesday climbed to their fresh all-time highs amid volatility, tracking by the record overnight close on Wall Street. At 10.35 am, the BSE Sensex gained 83 points to a new high of 85,011. On the other hand, the NSE Nifty50 was trading at 25,972, rising 34 points.

Indian equity indices closed flat on Tuesday after hitting a new all-time high due to positive sentiments in the global markets.

Indian stock market made historic highs on Tuesday led by a rally in metal stocks. While Sensex crossed the 85,000 mark for the first time, Nifty breached the 26,000 level on an intra day basis. Later,

Benchmark equity indices ended almost flat in a highly volatile trade on Tuesday after the Sensex breached the 85,000 mark for the first time and the Nifty hit the 26,000 level in intra-day due to selling in Hindustan Unilever,

The benchmark equity indices bounced back on Tuesday as the Sensex crossed the 85,000 mark for the first time. The Nifty also neared 26,000, amid a surge in Asian markets and strong buying in HDFC Bank.

The stock market on Tuesday opened on a flat note but immediately Sensex crossed the 85,000 mark at 85,001.42 and NSE touched all-time high of 25,975 points mainly on account of global optimism. Market expert Ajay Bagga says,

India's NSE Nifty 50 and S&P BSE Sensex are trailing only Wall Street's Nasdaq and S&P 500 as top-performing indexes this year, with analysts expecting the rally to extend into 2025.

After a slow start, Nifty IT gained momentum, rising by 0.7 percent with Tech Mahindra, HCLTech, and TCS leading the rebound.

On Monday, Indian stock indices BSE Sensex and Nifty 50 also reached new record levels. The Sensex rose by 384 points, or 0.45%, to end the day at 84,928.61, after hitting a record high of 84,980 during trading.