Indian markets opened higher on Tuesday, with the benchmark Nifty 50 hitting a record high for the second consecutive session.
At 9:16 am, the Nifty 50 index was up 0.45% at 20,079.50, while the S&P BSE Sensex rose 0.44% to 67,443.08.
On Monday, Nifty hit the 20,000-point mark for the first time on strong buying by domestic funds as retail investors continue to invest in stocks through mutual funds. The successful completion of the G20 leaders’ summit in Delhi too lifted investor sentiment on Monday.
Markets gathered momentum in the later part of the session on Monday. The Nifty closed 176 points higher at 19,996, also a new all-time high. The sensex gained 528 points to close at 67,127 points. The index is less than 500 points away from its all-time peak of 67,619 points, recorded on July 20 this year.
STOCKS TO WATCH:
Reliance Industries: KKR raised its stake in unit Reliance Retail, by investing an additional $250 million in a deal valuing the retailer at $100 billion.
Power Grid Corporation of India: Company declared as successful bidder to establish inter-state transmission system project for power evacuation in Rajasthan.
Larsen & Toubro: Company increased the buyback price to Rs 3,200 from Rs 3,000 per share.
NTPC: Company signed deal with Nayara energy for green hydrogen production.
ICICI Bank: RBI approves re-appointment of Sandeep Bakshi as managing director and chief executive for three years until Oct. 3, 2026.