{"id":50972,"date":"2024-09-27T05:59:16","date_gmt":"2024-09-27T05:59:16","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/09\/27\/sensex-nifty-retreat-slightly-after-hitting-new-record-highs\/"},"modified":"2024-09-27T05:59:16","modified_gmt":"2024-09-27T05:59:16","slug":"sensex-nifty-retreat-slightly-after-hitting-new-record-highs","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/09\/27\/sensex-nifty-retreat-slightly-after-hitting-new-record-highs\/","title":{"rendered":"Sensex, Nifty Retreat Slightly After Hitting New Record Highs"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> Despite positive global cues and rising optimism about more interest rate cuts by the Federal Reserve and a few other major central banks, Indian shares are turning in a mixed performance Friday morning with investors largely making cautious moves after recent strength. <\/p>\n<p>Still, benchmark indexes Sensex and the Nifty50 hit new record highs this morning. The Sensex, which climbed to 85,978.25, was down 80.95 points or 0.09% at 85,755.17 a little while ago, while the Nifty50, which advanced to 26,277.35, was up slighlty at 26,216.75.<\/p>\n<p>Among the gainers in the Sensex, Infosys is gaining nearly 2%. The IT major announced strategic collaboration with Sally Beauty to bring enterprise scale IT efficiencies from hyper automation. <\/p>\n<p>Titan is climbing nearly 2%. Sun Pharmaceutical Industries, Bajaj Finserv, IndusInd Bank and Asian Paints are up 1.5 to 1.8%.<\/p>\n<p>Hind Unilever, HCL Technologies, NTPC, Tata Steel, Tata Consultancy Services, Tech Mahindra, ITC, M&amp;M and Maruti Suzuki are moderately higher.<\/p>\n<p>Among the losers, Power Grid Corporation is down 2.7%. Bharti Airtel is lower by about 1.9%, and Larsen &amp; Toubro is down 1.3%. HDFC Bank, Kotak Bank and ICICI Bank are down 0.7 to 1%. Reliance Industries is down 0.3%.<\/p>\n<p>BPCL, up 3.7%, is the top gainer in the Nifty50 index. Grasim Industries is gaining nearly 2%. Coal India, Cipla, HDFC Life, Britannia Industries, SBI Life and Eicher Motors are also up in positive territory.<\/p>\n<p>HeroMotocorp, Dr Reddy&#8217;s Laboratories, Divi&#8217;s Laboratories and ONGC are weak.<\/p>\n<p>KEC International Limited announced that it has raised over Rs 870 crore through a qualified institutional placement of shares at a price of Rs 955 per share. KEC International shares are down 0.8%.<\/p>\n<p>Biocon Limited shares are down marginally. The company announced that it has signed a licensing and supply agreement with Tabuk Pharmaceutical Manufacturing Company (a fully-owned subsidiary of Astra Industrial Group), to commercialize its GLP-1 products for treating diabetes and chronic weight management, in select countries of the Middle East.<\/p>\n<p>Adani Green Energy Limited has announced the completion of the 1,150 MWac joint venture (JV) with TotalEnergies. As part of the JV, TotalEnergies invested US$ 444 million in AGEL subsidiary, for acquiring 50% stake in AGEL&#8217;s solar projects located at the world&#8217;s largest renewable energy plant in Khavda, Gujarat. The stock is up marginally at Rs 2,061. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Sensex, Nifty Retreat Slightly After Hitting New Record Highs<\/a><br \/>\n<br \/>2024-09-27 05:59:16<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite positive global cues and rising optimism about more interest rate cuts by the Federal Reserve and a few other major central banks, Indian shares are turning in a mixed&#8230;<\/p>\n","protected":false},"author":2,"featured_media":50973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1535139262971-c51845709a48?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=1950&q=80","fifu_image_alt":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-50972","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asian-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=50972"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/50972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/50973"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=50972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=50972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=50972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}