Sensex, Nifty Advance For Second Session Aided By RIL, HDFC Bank, Bajaj Twins
India’s stock benchmarks closed higher for the second consecutive session, aided by gains in index heavyweights RIL and HDFC Bank as well as Bajaj twins as Bajaj Finserv received an in-principle approval from SEBI to set up mutual fund.
The S&P BSE Sensex rose 0.73% and closed at a record 55,958.98. The 30-stock index rose to 56,023.22 in intra-day trade. The NSE Nifty 50 advanced by a similar magnitude to 16,624.60, a record close for the 50-stock index. HDFC Bank Ltd. contributed the most to the index gain, increasing 2.3%. Bajaj Finserv Ltd. had the largest increase, rising 7.8%.
The broader indices outperformed their larger peers with the S&P BSE MidCap and the S&P BSE SmallCap adding over 1.5%. Sixteen out of 19 sectoral indices compiled by the BSE Ltd. advanced, with S&P BSE Metal and S&P BSE Materials gaining over 2%
The market breadth was skewed in favour of bulls. About 2,149 stocks advanced,1,027 declined and 122 remained unchanged.
Banking Stocks Rise, Nifty Bank Gains Nearly 2%
Banking stocks rose with 10 out of 12 constituents of NSE Nifty Bank advancing in this session.
AU Small Finance Bank Ltd. shares added over 5.5% while IDFC First Bank Ltd. stock gained over 4.5%.
Shares of index heavyweight HDFC Bank Ltd. rose over 2%
Kabra Extrusiontechnik Climbs 18% On Large EV Battery Order
Shares of Kabra Extrusiontechnik Ltd., manufacturer of plastic extrusion machinery, climbed 18.46%, the most in nearly six months, to Rs 253.75 apiece after the company announced that its battery division, Battrixx, received single largest order to supply 8000 battery packs.
Battrixx will supply the battery packs for electric two-wheelers (Joy-E-Bike) produced by WardWizard Innovations, an auto manufacturing company in EV segment.
India Is Said To Consider Allowing FDI In Life Insurance Corporation: Bloomberg Exclusive
India is considering allowing foreign direct investment in LIC Ltd. which could enable a single overseas investor to buy a large stake in the firm that is headed for a mega IPO.
Any strategic investment would be subject to a cap, although it is unclear at what level, the cap would be set.
Source: Person familiar with the matter.
Linde India Advances Over 6% To Hit A Record
Shares of Linde India Ltd. rose 6.62% to hit a record high, Rs 2,168.50 apiece.
Trading volume was 4,16,997 shares, quadruple the 20-day average of 1,11,275 shares for this time of day.
The relative strength index on the stock was above 70, indicating it may be overbought.
Linde India trades at 51 times its estimated earnings per share for the coming year.
ABB India Gains On Capacity Expansion For Low Voltage Motors
Lupin Advances 2% After Asthma Drug Launch In UK Markets
Infosys, UCAS Sign Major Core Technology Contract
Optiemus Gains After Signing MoU With Wistron To Make Mobile Phones, Laptops
Mid-Day Market Update: Sensex, Nifty Hold Gains As Bajaj Twins Advance
Tata Power Renewable Commissions 150 MW Rajasthan Solar Project
Red-Hot India Stock Market Rally Is Narrowing Fast, Charts Show
Metal Stocks Lead Advance
India's Oil Refineries Operated At 91.3% Capacity In July: Oil Ministry Data
Meghmani Organics, Meghmani Finechem Advance Post Demerger Of Agrochem & Pigment Biz
Asian Granito Approves Rights Shares Issue Under Fast Track
RBI Imposes Rs 27.5 Lakh Penalty On Dhanlaxmi Bank
Bajaj Finserv Receives In-Principle SEBI Nod To Sponsor Mutual Fund
Nucleus Software To Power South Indian Bank's Retail Lending Landscape
Affle India Gains Ahead Of Board Meet On Stock Split Plan
Aptus Value Housing Finance Lists At 6.5% Discount To IPO Price
Chemplast Sanmar Lists At Rs 525 Vs IPO Price Rs 541
Ujjivan Small Finance Bank Rebounds After Tumbling In Last 2 Sessions
GAIL India Gains The Most In 15 Weeks
Maruti Suzuki Declines After Penalty Imposed By CCI
Opening Bell: Sensex, Nifty Open Higher; Metal Stocks Rebound
Rupee Bonds May Decline on Spike in Oil Prices
Maruti Suzuki: Will Take Necessary Steps After CCI Order
SGX Nifty Hints At Gains; Aptus Value & Chemplast Sanmar To List Today
- Bajaj Finserv Receives In-Principle SEBI Nod To Sponsor Mutual Fund
- Aptus Value Housing Finance Lists At 6.5% Discount To IPO Price
- Chemplast Sanmar Lists At Rs 525 Vs IPO Price Rs 541
- Ujjivan Small Finance Bank Rebounds After Tumbling In Last 2 Sessions
- Maruti Suzuki Declines After Penalty Imposed By CCI