The domestic equity benchmarks ended slightly higher today, extending gains for the third day. The barometers hit fresh highs early on, boosted by FMCG and IT sectors, but profit-booking erased most of those gains. Investors are cautious about high valuations. US Fed Chair Powell’s dovish comments and a drop in US bond yields offered some support.

A weak yen lifted some export-oriented shares. Defense-related shares also surged, with Mitsubishi Heavy Industries and Kawasaki Heavy Industries climbing 5 percent and 6.2 percent, respectively.

The rupee consolidated in a narrow range and settled for the day 3 paise higher at 83.58 (provisional) against the US dollar on Tuesday, on firm domestic markets and sustained inflow of foreign capital. The benchmark S&P BSE Sensex hit an intraday high of 80,898 before closing up 52 points at 80,717. The broader NSE Nifty index closed up 26 points at 24,613 after reaching a high of 24,661 early in the day. Decline in crude oil prices also supported the counter although a strong US dollar overseas capped sharp gains. Dollar index rebounded above 104 mark as markets prefer to maintain cautious stance following a failed assassination attempt on former US President Donald Trump. Alongside DXY, yield on 10-year Treasury note rose above 4.23%, rebounding from 4-month lows. At the interbank foreign exchange market, the local unit opened at 83.59, and touched an intraday high of 83.53 and a low of 83.60 against the dollar during the trading session.

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As per provisional closing, the barometer index, the S&P BSE Sensex, rose 51.69 points or 0.06% to 80,716.55. The Nifty 50 index added 26.30 points or 0.11% to 24,613.