Indian Markets Hit Record Highs; Positive Sentiment Prevails

14 Sep 2023 , 01:29 PM

Nifty 50 and Sensex Reach New All-Time Highs on Positive Sentiment: India’s Nifty 50 and Sensex open higher, hitting fresh all-time highs. Improved sentiment follows U.S. inflation data, suggesting a potential pause in the Federal Reserve’s rate hike cycle.

Nifty 50 Climbs 0.29%, Sensex Gains 0.24%: Nifty 50 reaches a record high of 20,127.95 by 9:15 a.m. IST. S&P BSE Sensex gains to 67,627.03, continuing the upward trend.

Top Sensex Gainers:  Leading Sensex gainers include L&T (17%), Tata Steel (11%), HCL Technologies (10%), Titan Company (9%), and Maruti Suzuki (7%).

Reliance Industries Faces 6% Drop: Heavyweight Reliance Industries experiences a 6% loss since Sensex’s previous peak due to the demerger of Jio Financial Services.

Signature Global IPO Announced: Signature Global’s Rs 730 crore IPO is set to open on September 20 and close on September 22. The IPO features a price band of Rs 366-385 per share and aims to capitalize on the affordable housing segment.

SAMHI Hotels IPO Opens: SAMHI Hotels’ Rs 1370 crore IPO opens for subscription, offering investment opportunities in the hospitality sector.

Suven Pharmaceuticals Receives Government Approval: Suven Pharmaceuticals sees a 6.6% rise in shares after receiving government approval for foreign investment of up to Rs 9,589 crore.

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