As of publishing, Indian benchmark indices, the Sensex and Nifty, are trading flat. The Nifty opened above 19,400 while the Sensex went above 65,500.
It’s a slow day for FMCG and metal packs, but pharma and IT stocks are on the rise. Eicher Motors is the biggest laggard at this hour with a loss of over 4%. Harley Davidson’s X440 motorcycle was launched under Rs 2.5 lakh on Monday by its international competitor.
In addition to its internet-enabled JioBharat 4G phone which was launched on Monday at Rs 999, Reliance seems to be dragging the benchmarks down as it is trading more than 1.4% lower at around Rs 2,578 a share.
Newcomer HMA Agro has listed on Dalal Street at 625 per share, a premium of over 6% over its issue price of $585 per share.
This is Bajaj Finance’s sixth consecutive day in the green, as the company reported 34% more new loans booked in the first quarter than last year.
At 81.92, the Indian rupee is a tad stronger than Monday’s close of 81.96.
A strong foreign fund flow and a rally in global equities helped the Sensex and Nifty close at new record highs for the third consecutive session on Monday. The momentum was also boosted by heavy buying in index majors Reliance Industries, ITC and HDFC twins, traders said.
Also Read:
- Sensex and Nifty Defy Global Turmoil, Surge to All-Time Highs in Early Trade
- Sensex and Nifty50 Set for a Positive Start: Here’s What Investors Can Expect
- Sensex and Nifty50 Experience Dip as Metal, IT, and Banking Sectors See Decline in Morning Trade
- Investors Rejoice as Dalal Street Soars to New Heights – Nifty50 Crosses 19,000 Milestone
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