The market performance on a specific day and highlights key developments in the equity markets, particularly focusing on certain stocks. Here’s a breakdown of the details:
- Market Movement: After an initial lower opening, domestic equities managed to reverse the trend and closed higher in positive territory on the specified day. The BSE benchmark Sensex gained 137.50 points (0.21%) to settle at 65,539.42, while the broader NSE Nifty50 rose by 30.4 points (0.16%) to end the session at 19,465.
- Infosys Deal: Infosys witnessed a significant increase of around 2% in its stock price on that day. This jump followed the announcement of a deal between Infosys and Liberty Global worth $1.64 billion. The deal involves building and scaling entertainment and connectivity platforms for the digital communications firm. The agreement’s initial tenure is five years, extendable to eight years, potentially increasing the deal value to $2.5 billion.
- IndiGo’s Share Sale: On the other hand, the stock price of IndiGo, a prominent airline, experienced a decline of 3.5%. The drop in stock price was attributed to reports indicating that the airline’s co-founder Rakesh Gangwal and his family were considering selling shares worth $450 million (approximately Rs 3,730 crore) through a block deal.
The performance of various broader market indices on a specific day. Here’s a breakdown of the data:
- Nifty Smallcap 100: This index gained 0.57 percent on the specified day. The Nifty Smallcap 100 represents the performance of small-cap companies in the Indian stock market.
- Nifty Smallcap 250: The Nifty Smallcap 250 index jumped by 0.42 percent. Similar to the Nifty Smallcap 100, this index includes a broader set of small-cap companies.
- Nifty Microcap 250: The Nifty Microcap 250 index rose by 0.68 percent. This index represents the performance of micro-cap companies, which are generally smaller in terms of market capitalization.
- Nifty 500: The Nifty 500 index gained 0.16 percent. The Nifty 500 is a broader market index that encompasses the performance of the top 500 companies listed on the National Stock Exchange (NSE).
- Nifty Midcap 150: The Nifty Midcap 150 index saw a gain of 0.13 percent. This index includes mid-cap companies, which fall between large-cap and small-cap in terms of market capitalization.