Sensex and Nifty Reach New Peaks as Heavyweights Drive Gains

The Sensex surged by 620 points to close at 78,674, marking a 0.8 percent increase, while the Nifty climbed 147 points to 23,868, up by 0.6 percent. Market activity saw 1611 shares advancing, 1796 declining, and 81 remaining unchanged.

Key Highlights:

1. Hindustan Foods witnessed a 15 percent rise following a block deal worth Rs 638.40 crore.
2. Sharda Motor Industries soared 10 percent, hitting an all-time high of Rs 2,193.10 post a Rs 474 crore block deal.
3. Mazagon Dock Shipbuilders surged 7.5 percent to achieve a fresh record of Rs 4,271.20 after attaining ‘Navratna’ status.
4. UltraTech Cement gained nearly 4 percent amid plans to acquire stake in UAE’s RAK Cement.
5. Sanghi Industries slumped 6 percent after announcing a promoter stake sale.
6. Stylam Industries jumped 9 percent as Investec initiated coverage with a 41 percent upside.
7. Meghna Infracon Infrastructure surged 19 percent to a 52-week high of Rs 468 on acquiring a residential project in Mumbai.
8. Zee Media Corporation rose over 8 percent post approval for fundraising up to Rs 200 crore.
9. CE Info Systems fell over 5 percent after a promoter stake sale.
10. Borosil dropped 3.5 percent after completing a Rs 150 crore fundraising via QIP at a discount.