Stock Market Closing: Nifty50, Sensex hit another lifetime highs

The Indian benchmark indices touched a fresh alltime high during during the days trade on Tuesday reported PTIThe Nifty50 closed at 2441755 up by 9700 points or 040 per cent It had earlier reached a new high of 2444360 during the day Meanwhile the Sensex ended at 8027021 marking an increase of 30983 points or 039 per cent after hitting a high of 8039717 reported ANIAmong the sectoral indices at the National Stock Exchange NSE the stocks of the banking sector auto financial services FMCG media pharma PSU banks private banks realty healthcare consumer durables and midsmall healthcare traded in the green territory during the days trade IT stocks and that of oil and gas firms remained in the redAs per the ANI report the top gainers during the days trade at NSE were Maruti Mahindra and Mahindra Divis Laboratories Titan and Hindalco Meanwhile Reliance Tata Communications Bajaj Finance ONGC and Shriram Finance remained the top losers during the tradeIn broader indices the BSE MidCap and SmallCap indices were up by 03 per cent and 02 per cent respectively Most sectors showed positive movement with Nifty PSU bank leading with a substantial gain of nearly 2 per cent followed by auto which rose by 115 per cent However oil amp gas was a notable underperformer declining by 029 per centThe Sensex has risen 1118 per cent since the last year while the Nifty has climbed 1238 per centKoo announces to shut down after partnership talks fell throughHomegrown microblogging platform Koo on Wednesday announced to discontinue its services to the public after partnership talks fell throughWe explored partnerships with multiple larger internet companies conglomerates and media houses but these talks didnrsquot yield the outcome we wanted Koo founders Aprameya Radhakrishna and Mayank Bidawatka wrote in a LinkedIn postldquoMost of them didnrsquot want to deal with usergenerated content and the wild nature of a social media company A couple of them changed priority almost close to signing they addedKoo which secured more than 60 million dollars in funding from prominent investors like Tiger Global and Accel faced significant challenges in expanding its user base and generating revenue over the past yearIn February media firm Dailyhunt was in the advanced stages of talks to acquire Koo TechCrunch reportedFurther in the post the founders mentioned that at our peak we were about 21 million daily active users and around 10 million monthly active users over 9000 VIPs that included some of the most eminent personalities from various fieldsWe were just months away from beating Twitter now X in India in 2022 and could have doubled down on that shortterm goal with capital behind us they addedThe founders also mentioned that the mood of the market and the funding winter got the better of us