Sensex Zooms 300 Pts, Nears 67,000; Nifty Tops 19,800

Equity indices extended their record high-run at the bourses on Tuesday, surging up to 0.5 per cent in early deals. The Nifty50 index scaled a fresh all-time high of 19,811, while the S&P BSE Sensex touched the 66,986-mark.

The frontline indices were up 88 points and 354 points, respectively, led by Infosys, HDFC Bank, IndusInd Bank, ICICI Bank, Wipro, and Reliance Industries.

In the broader markets, the BSE MidCap and the BSE SmallCap indices gained up to 0.4 per cent.

Buzzing stocks

Sheela Foam shares soared 8.4 per cent after the company announced that it will buy a 94.66 per cent stake in Kurlon Enterprises at an equity valuation of Rs 2,150 crore. The indicative time period for the completion of the acquisition is by or before November 30, 2023.

Meanwhile, those of Amara Raja Battery dropped over 5.5 per cent after nearly 14 per cent equity changed hands on the exchanges. Clarios ARBL Holding LP is the likely seller of its entire stake.

Q1 results on July 18

Bharat Bijlee, CIE Automotive India, Ganesh Housing Corporation, Heildelbergcement India, Himadri Speciality Chemical, ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, IndusInd Bank, JSW Ispat Special Products, L&T Technology Services, Mishtann Foods, Network18 Media & Investments, Polycab India, and TV18 Broadcast.