India’s Share Markets began on a positive note due to firm global cues on Tuesday with Sensex and Nifty hitting all-new record highs. Investor outlook remained upbeat on continued capital inflows and extensive buying by retail investors with hop0es of encouraging Q3 earnings, to be posted this week.
The BSE index Sensex was trading 67.34 points up to 34,420.13 and the NSE Nifty-50 index up by 4.65 points to 10,628.25 in the later morning a hours Shares of Coal India Ltd rose 5.2 percent after the company hiked fuel prices used to fire power plants.
Shares of Max India Limited rose 2.4% to Rs. 124.35 after Life Healthcare Group Holdings Ltd is looking out a sale of its stake in India’s Max Healthcare Ltd.
Shares of National Mineral Dev Corpn plunged 4 percent after the government said it will sell 1.5 percent stakes in NMDC through an offer for sale.
Nifty top gainers include Coal India, Tata Motors, Tata Steel, GAIL India and Kotak Mahindra Bank. On the other hand, the losers include HPCL, Zee Entertainment, Eicher Motor, Hindalco Industries, and Tech Mahindra.