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Indian equity indexes Sensex and Nifty 50 began the week with moderate advances, approaching record highs on Monday. The Nifty 50 reached a new all-time high of 23,411.9 points, and the Sensex crossed 77,000 for the first time. Despite the initial advance, both indices have retreated from their intraday highs, indicating a volatile trading session.
Indian equity indexes Sensex and Nifty 50 began the week with moderate advances, approaching record highs on Monday. The Nifty 50 reached a new all-time high of 23,411.9 points, and the Sensex crossed 77,000 for the first time. Despite the initial advance, both indices have retreated from their intraday highs, indicating a volatile trading session.
Mphasis Ltd shares decline following major block deal
Mphasis Ltd’s share price fell by up to 2 per cent following a big block deal. About 2.95 crores ($3.6 million) shares, or 15.6 per cent of the company’s total stock, were traded. Investors were concerned about the considerable trade activity, which contributed to the stock’s decline.
Suzlon shares tumble After director resignation
Suzlon Energy shares declined by more than 4 per cent following the departure of an independent director. The resignation was ascribed to worries over the company’s corporate governance. This development has sparked unfavourable market sentiment toward Suzlon, causing the company to underperform in an otherwise strong market environment.
Bharti Airtel joins elite $100 billion market capitalisation club
Bharti Airtel is the fourth Indian company to have a market capitalization of $100 billion (₹10,000 crores), marking a significant milestone in the telecom sector. This achievement ranks Bharti Airtel alongside other big Indian firms in terms of market valuation, demonstrating its strong performance and investor trust.
Despite the market’s early gains, overall sentiment is cautious, with key indices trading below their highs. Investors are actively analysing business changes and market movements to predict future trends.
(With inputs from Agencies)
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