Finance
Today’s Stock Market News | Sensex, Nifty, and Share Prices HIGHLIGHTS:
On Monday, the domestic equity market benchmarks BSE Sensex and Nifty 50 erased all of their opening losses and turned positive. The BSE Sensex rose more than 500 points from the day’s low, crossing the 53000 level, while the NSE Nifty 50 index surpassed 15900.
Ambuja Cements and ACC share prices rose after Adani Group signed definitive agreements to buy out Holcim Group’s entire stake in both cement companies for approximately $10.5 billion.
This is also Adani’s largest acquisition to date, as well as India’s largest M&A transaction in the infrastructure and materials space.
Top index gainers included Tata Steel, Titan Company, Maruti Suzuki, Bajaj Finance, L&T, M&M, and State Bank of India. UltraTech Cement, Dr. Reddy’s, Nestle India, and Bharti Airtel, on the other hand, were among the top BSE Sensex laggards. The Bank Nifty gained more than 1% to Rs 33,474.
Source:FE
