Sensex, Nifty close at new record level: The key stock index Sensex closed at a new all-time high on Tuesday, rising by about 91 points on expectations of a reduction in interest rates in the US. The NSE Nifty also closed above the 25,400 level for the first time. The market got support from strong global trends ahead of the much-awaited decision on interest rates by the US central bank Federal Reserve. Continuing its record-making streak for the second day, the 30-share BSE Sensex closed at an all-time high of 83,079.66, rising 90.88 points or 0.11 percent.

During trading, it rose 163.63 points or 0.19 percent to reach 83,152.41. NSE Nifty closed at a new peak of 25,418.55, climbing 34.80 points or 0.14 percent. Among the 30 Sensex companies, Bharti Airtel, NTPC, Mahindra & Mahindra, Kotak Mahindra Bank, Titan, Larsen & Toubro, ICICI Bank, Bajaj Finance, Hindustan Unilever and Reliance Industries saw significant growth.

On the other hand, Tata Motors, Tata Steel, Adani Ports, JSW Steel, ITC, and Asian Paints closed in the red. In Asian markets, Hong Kong's Hang Seng closed with gains, while Japan's Nikkei closed with losses. China's Shanghai Composite and South Korea's Kospi remained closed. European markets were in the positive zone during trading. US markets closed mostly with gains on Monday.

Vinod Nair, Head of Research, at Geojit Financial Services, said, "The Indian market once again registered a slight rise in anticipation of the US Federal Reserve cutting the policy rate. The market has assumed that a quarter percent cut is certain, but all eyes are on the Fed's comments about the health of the economy and future cuts." The US Federal Reserve will announce the monetary policy on Wednesday.

According to government data released on Tuesday, wholesale inflation fell for the second consecutive month to 1.31 percent in August. Wholesale inflation has come down due to a reduction in prices of vegetables, food items, and fuel. According to stock market data, foreign institutional investors sold shares worth Rs 1,634.98 crore on Monday. Global oil benchmark Brent crude fell 0.25 percent to $ 72.52 per barrel.