Tuesday, September 12, 2023

The attention is on L&T, RIL, and Lupin as the Nifty begins at a new high and the Sensex rises by 300 points


On Tuesday, Indian markets opened higher, with the benchmark Nifty 50 reaching a record high for a second session in a row.

The Nifty 50 index was up 0.45 percent at 20,079.50 at 9:16 a.m., while the S&P BSE Sensex was up 0.44 percent at 67,443.88.

On Monday, Clever hit the 20,000-point mark interestingly serious areas of strength for on by homegrown assets as retail financial backers keep on putting resources into stocks through shared reserves. The fruitful culmination of the G20 pioneers' highest point in Delhi too lifted financial backer feeling on Monday.

On Monday, markets gained momentum toward the end of the session. The Clever shut 176 focuses higher at 19,996, likewise another unsurpassed high. The sensex acquired 528 focuses to close at 67,127 places. The file is under 500 focuses away from its unequaled pinnacle of 67,619 places, recorded on July 20 this year.

To Keep an Eye On:

Dependence Enterprises: KKR brought its stake up in unit Dependence Retail, by putting an extra $250 million in an arrangement esteeming the retailer at $100 billion.

India's Power Grid Corporation: The company declared itself the winning bidder for the Rajasthan power evacuation interstate transmission system project.

Toubro Larsen: The company raised the buyback price from Rs 3,000 per share to Rs 3,200.

NTPC: The company entered into a contract with Nayara Energy to produce green hydrogen.

Bank ICICI: Sandeep Bakshi is reappointed by the RBI as managing director and chief executive for a further three years, until October 3, 2026.

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