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Sensex crosses 72,000 for the first time, Nifty at fresh record high breaking 21650 barrier
The biggest gainers on the Nifty included Hindalco Industries, UltraTech Cement, Bajaj Auto, JSW Steel, and Tata Motors, while losers were ONGC, NTPC, Adani Enterprises, UPL, and Cipla.
BSE midcap and smallcap indices ended with little gains.
The Indian rupee ended 16 paise lower at 83.35 against the U.S dollar.
STOCKS TODAY
Larsen & Toubro: Shares of Larsen & Toubro climbed nearly 2 percent to hit a record high today after the company bagged a major order for the Amaala project in the Red Sea region of Saudi Arabia.
Aurobindo Pharma Ltd: The Company said its wholly-owned arm Eugia Pharma Specialities Ltd has received final approval from the US health regulator to manufacture and market generic Posaconazole injection used to prevent serious fungal infections.
Adani Green Energy Limited (AGEL): the company made a binding agreement with the French energy major TotalEnergies and has completed the process to form a 50:50 joint venture as the French company investing $300 million in the new entity, the Adani Group. With this transaction, TotalEnergies ventures with AGEL and support in enabling AGEL’s target of 45 GW capacity by 2030,” Adani Green said in a statement.
Cement stocks: India’s cement industry showed robust volume growth of 17% year-on-year in the first half of FY24.Shares of Ultratech Cement jumped to a fresh 52-week high and gained over 4 percent with market cap crossing Rs 3 lakh crore first time, while Dalmia Bharat rose nearly 4 percent and Ramco Cement 3 percent
Electro Force India Ltd: Shares of the company got 7 percent listing gains on debut. The firm reported a revenue of Rs 30.29 crore in FY23 against Rs 34.44 crore a year ago.
Happy Forgings Ltd: shares opened 18 percent higher on debut. The Punjab-based company serves various sectors such as automotive, railways, and more, targeting both domestic and global OEMs. Notable customers include AAM India, Ashok Leyland, Mahindra & Mahindra, among others.
Azad Engineering IPO: Aerospace components and turbines manufacturer Azad Engineering is all set to witness a huge debut as the anticipation of a strong listing is perceived from the strong interest shown by investors in the company’s Rs 740-crore public issue.