NSE benchmark Nifty rose for the fourth straight day to end at a fresh lifetime high of 10,966.20 on sustained buying amid mixed global cues.
The BSE Sensex surged 286.43 points to close at 35,798.01 while the broader NSE Nifty ended at 10,966.20 -- all-time closing high for both the indices.
Sensex ended 286.43 points, or 0.81 per cent higher at 35,798.01, smashing its previous record close of 35,511.58 reached on Friday.
Indian markets rallied last week tracking positive global cues. Key indices Sensex & Nifty rallied to touch fresh life highs. Key events to follow this week:
Concerned over SGX plan to launch single future stocks of Nifty 50 companies, Limaye said the move will shift liquidity out of Indian markets.
Broadly positive global cues, consumer durables and capital goods stocks, pushed key Indian equity indices to trade at fresh highs during the mid-afternoon trade session.
Caution crept in ahead of quarterly result to be released later which include key names like Axis Bank and Asian Paints.
Sensex, Nifty jumped to new highs in early session on foreign fund inflows and persistent buying in bluechips like RIL that posted better than expected quarterly.
Key Indian equity indices opened at fresh highs during the early morning trade session, with healthy buying observed in oil and gas, energy and consumer durables stocks.
Conquering new milestones as Sensex gained 919.19 points to end new record highs at 35,511.58, while the broader Nifty closed at all-time historic high at 10,894.70.
Completes acquisition of 49% stake in the projects from MBL Group
Total consideration of Rs 2,300 Cr
Projects involve 4-laning of sections of NH-72A & NH-73
Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held
To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr
Sets Rights Issue Price At Rs 510/Fully Paid Share
To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr
Sets Rights Issue Price At Rs 615/Partly Paid Share
Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles
Projects in waste water sector
Projects funded by European Investment Bank
Cos order backlog increases to Rs 2,200 cr, which is an all-time high
J KUMAR INFRAPROJECTS
Gets LOA for 2 projects from Delhi Metro Rail Corp
Work includes finishing works of 8 stations of Mumbai Metro Rail Project
Cost of Contracts stands at nearly Rs 57 cr
To acquire entire equity share capital of arm Travel News Services
Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr
Post acquisition, TNSI Retail to become step-down arm of co
TNSI JV Welcome Retail Private Limited to become step-down arm
Deal likely to be completed in 12-16 weeks
Note: Travel News Services (TNSI)
Effect of acquisition
Consolidation of retail business of FRL
To help FRL expand its presence at Airports, Metro Stations, Universities
Will have access to retail brand WH Smith", license for which is held by co
Note: Future Retail (FRL)