Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian equity markets opened firm on Monday amid mixed global cues. While Sensex surged over 460 points to 60,205.02, Nifty50 topped 17,900 and was trading 120 points higher at 17,932.95.
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian equity markets held firm on Monday amid mixed global cues. While Sensex reclaimed 60,000 after surging over 550 points to 60,308.02, Nifty50 topped 17,950 and was trading 151 points higher at 17,964. Bank Nifty was 479 points or 1.27% up at 38,219. Titan, Maruti, Infosys, SBI, Kotak Mahindra Bank, HDFC and ITC were among the top gainers on Sensex, while Wipro, Nestle, Sun Pharma, HCL Technologies and Dr Reddy were the top losers. In the Nifty pack, UPL, Titan, Maruti, Hero Motocorp and Tata Motors were top gainers while the laggards included Wipro, Asian Paints, Divis Lab, Nestle and PowerGrid.
Shares of Reliance Industries remained in focus as Mukesh Ambani-led RIL announced late on January 8 that it had entered a pact to acquire New York-based premium luxury hotel the Mandarin Oriental. The acquisition is a part of RIL’s strategy to expand its consumer and hospitality footprint. “RIIHL (Reliance Industrial Investments and Holdings) would acquire the remaining 26.63 percent, based on the same valuation used for the acquisition of the indirect 73.37 percent stake,” RIL said in its regulatory filing. The pact to acquire New York-based premium luxury hotel the Mandarin Oriental is for an equity consideration of around $98.15 million.