Benchmark indices are trading at record highs on Monday afternoon, with BSE Sensex touching around 60,300 and Nifty crossing 18,000 levels, with index heavyweights like Reliance Industries, Maruti Suzuki, Power Grid Corporation of India, Kotak gaining strength. . Mahindra Bank and Mahindra & Mahindra. As of 2:26 pm, the BSE Sensex is trading up 245 points or 0.40 per cent at 60,297.50 and the NSE Nifty is up 92 points at 17,996.
The broader markets are outperforming their largecap peers, with the BSE Midcap Index and the BSE Smallcap Index gaining 0.7 per cent each.
Meanwhile, in the aftermath of the historic Air India privatization, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey has said that the government is looking to monetise its four other subsidiaries, including Alliance Air, and non-core monetization of over Rs 14,700 crore. Will start work Property such as land and buildings.
RIL hit a record high of Rs 2,724 in intraday deals on BSE after the company on Sunday acquired two companies to push for clean energy. Reliance Industries will acquire 40 per cent stake in Sterling & Wilson and 100 per cent stake in REC Solar Holdings through its subsidiary Reliance New Energy Solar.
Tata Motors posted a new 52-week high of Rs 407.45, up 6 per cent from a total of 64,032 units (excluding the China joint venture) as per the company’s July guidance. level has been reached.
On the other hand, TCS has registered a decline of 6 per cent on the BSE after the second quarter results. On Friday, the Mumbai-based company posted a consolidated net profit of Rs 9,624 crore for the three months to September 30 from Rs 7,475 crore a year ago. Infosys, HCL Technologies and Tech Mahindra are also trading with a fall of 1-2 per cent on the BSE.
Overall market breadth is positive as 2032 stocks were rising while 1367 are falling on BSE.