Market Rally: Sensex Tops 72,000, Adani Regains Richest Indian Status, NHPC Hits 52-Week High

5 Jan 2024 , 01:46 PM

Domestic indices continue rally with BSE Sensex surpassing 72,000 and Nifty50 crossing 21,700 levels, driven by gains in banks, RIL, and IT stocks.

Broader markets outperform Sensex and Nifty, with India VIX easing in the session. FMCG and pharma sectors show a lag, while others contribute to the positive trend.

Sensex trades at Rs 71,908, marking a 0.08% gain, and Nifty at Rs 21,670, reflecting a 0.70% increase from the previous close.

GAIL (India) and Vital Asia sign a long-term LNG deal, supplying approximately one million metric tons per annum to India for 10 years, starting in 2026.

Alembic Pharmaceuticals is in the process of restoring facilities at Namthang, South Sikkim.

Rajapalayam Mills approves acquiring Ramco Cements shares from the promoter group for up to Rs 16 crore.

Gautam Adani reclaims the top spot as India’s richest person, surpassing Mukesh Ambani, amid ongoing Sebi investigation on claims by the Hindenburg report.

In the Bloomberg Billionaires Index, Adani ranks No.12 globally with a net worth of $97.6 billion, while Mukesh Ambani is at No.13 globally and No.2 in India with a fortune of $97 billion.

NHPC shares surge 6%, hitting a fresh 52-week high of Rs 75.30 on the NSE, driven by a Rs 4,000 crore MoU with the Gujarat government.

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