Stock market today: Lately, the Indian stock market has been dominated by a sell-on-rise and buy-on-dips strategy. On Tuesday, July 2, this pattern continued as the benchmarks—the Nifty 50 and the Sensex—reached fresh all-time highs in intraday trading but failed to sustain those gains, ending with mild losses amid weak global cues.

Nifty 50 hit its fresh all-time high of 24,236.35 during the session but closed 18 points, or 0.07 per cent, lower at 24,123.85.

The 30-share pack Sensex also hit its fresh record high of 79,855.87 but slipped 35 points, or 0.04 per cent, to close at 79,441.45.

Profit booking in select heavyweights, such as ICICI Bank, Bharti Airtel, Kotak Mahindra Bank, and SBI, dragged the index down. Meanwhile, shares of HDFC Bank, Larsen & Toubro, Infosys, and TCS supported the key indices most, keeping their losses limited.