A bystander looks at an electronic screen displaying stock quotes outside of the Bombay Stock Exchange in Mumbai. (Photographer: Prashanth Vishwanathan/Bloomberg News)

Sensex, Nifty Extend Record Highs Led By Capital Goods Stocks

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Closing Bell: Sensex, Nifty Surge To Record Led By L&T

Indian equity benchmarks surged to record highs paced by gains in capital goods and metal stocks.

The S&P BSE Sensex rose 0.9 percent or 331 points to 38,279 and the NSE Nifty 50 index climbed 0.7 percent or 81 points to 11,552.

Sixteen out of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Capital Goods index's 3.7 percent surge. On the flipside, the S&P BSE IT index was top loser, down 1.2 percent.

The mid-cap stocks witnessed buying interest as the S&P BSE MidCap index rose 1.05 percent.

Sensex, Nifty Extend Record Highs Led By Capital Goods Stocks

Power Finance Corporation Swings After Block Deal

  • Power Finance Corporation has 12.5 lakh shares change hands in a block. Stock up 0.12 percent to 82.60.

Buyers and sellers were not immediately known

Source: Bloomberg

Tanla Solutions Hits Upper Circuit On Acquiring Karix Mobile

Shares of the Hyderabad-based software developer were locked in a 5 percent upper crcuit at Rs 42.15 after it acquired Karix Mobile for Rs 340 crore, Tanla Solutions said in an exchange filing.

Navneet Education Surges Nearly 5% After Board Approves Share Buyback Proposal

Shares of the Mumbai-based educational book publisher rose as much as 6.1 percent to Rs 129.50 after its board approved buyback of up to 46.9 lakh shares or 2.01 percent equity at Rs 160 per share, Navneet Education said in an exchange filing.

NGT Forms Panel On Reopening Vedanta's Tuticorin Copper Unit; Shares Rise

Shares of the Anil Agarwal-led metal conglomerate rose as much as 3.4 percent to Rs 222.50 after the National Green Tribunal formed a panel on reopening Vedanta's Tuticorin copper unit.

National Green Tribunal said:

  • Panel to take decision on reopening Vedanta's Tuticorin copper unit in 6 weeks.
  • Tamil Nadu, Vedanta can challenge panel's decision

Source: Bloomberg