📷 Image Credits: BusinessLine
The stock market today saw a positive start with the domestic benchmarks BSE Sensex and NSE Nifty opening in the green on Tuesday. The indices gained around 0.35% each in early trade, indicating a positive sentiment. Top gainers on the NSE as of 9.30 am were Wipro (3.02%), Titan (2.55%), Adani Enterprises (1.70%), M&M (1.55%), and LTIMindtree (1.44%). On the flip side, Maruti (-1.89%), Dr Reddy’s Lab (-1.07%), Kotak Bank (-0.52%), Divi’s Lab (-0.47%), and Apollo Hospitals (-0.36%) were the major laggards. Piramal Capital & Housing Finance Ltd, a wholly owned subsidiary of Piramal Enterprises Limited (PEL), announced that it had surpassed ₹50,000 Crore in Assets Under Management (AUM) of Retail Loans. This achievement showcases the company’s strong performance in the retail lending segment. The stock of Piramal Enterprises rose by 3.01% on the NSE, trading at ₹909.10, reflecting positive investor sentiment. In other news, Britannia Industries received an order from District Consumer Disputes Redressal Commission, Thiruvallur, regarding a complaint under the Consumer Protection Act, 2019. The company has been directed to pay ₹1 lakh as compensation and litigation costs. The stock of Britannia Industries traded at ₹5,389.65 on the NSE, down by 0.07%. Additionally, Uravi T and Wedge Lamps Limited may acquire up to 55% shares of SKL (India) Private Limited by way of secondary acquisition for a total consideration of up to ₹20.1 crore. The stock of Wedge Lamps Limited traded at ₹585 on the NSE, up 0.76%. Bank Nifty opened today’s session higher at 50,194 compared to last week’s close of 50,002. The index further appreciated in early trade and is currently hovering around 50,170, up 0.3%. The index is currently testing a resistance level, and a break-out from this level could lead to a sharp rally. Overall, the stock market showed positive movements with key companies like Piramal Enterprises Ltd achieving significant milestones. Investors are closely watching the developments in the market to capitalize on potential opportunities.
