Sensex Surges 400 Points, Nifty Crosses 21,700 Mark in Tuesday's Trading

13 Feb 2024 , 04:21 PM

Indian equity markets traded higher on Tuesday, with Sensex rising by 400 points and trading above 71,400, while Nifty was above the 21,700 level.

At the time of writing, sensex was trading at ₹71,555 which is a 0.68% hike, whereas Nifty was trading at ₹21,743 with a 0.59% hike.

Oil prices edged up on Tuesday due to uncertainty in the Middle East, with Brent futures rising to $82.30 a barrel and U.S. West Texas Intermediate (WTI) crude gaining to $77.23 a barrel.

NTPC declared the first part capacity of 14 MW out of the 40 MW Ayodhya Solar Pv Project on commercial operation.

State-owned KIOCL turned profitable with a standalone net profit of ₹39.03 Crore for the quarter ended December 31, 2023, compared to a net loss of ₹33.88 Crore in the same period last year.

Hindalco Industries reported a 71% YoY growth in consolidated net profit at ₹2,331 Crore for the quarter ended December 2023, with revenue from operations marginally falling to ₹52,808 Crore.

Reliance Industries (RIL) became the first listed Indian entity to cross the ₹20 Lakh Crore market capitalization milestone.

LTIMindtree has identified two internal candidates, Chief Operating Officer Nachiket Deshpande and President Sudhir Chaturvedi, as potential successors for the CEO role as Debashis Chatterjee’s term is set to end next year.

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