Sensex rises 69 points; Nifty inches up to record 17,380

15/09/2021

Mumbai, sep 14: Equity benchmark Sensex rose 69 points on Tuesday following gains in IT, bank and engineering stocks amid mixed global cues.
Although, profit booking at higher levels and mixed global cues pulled indices off day's high, resulting in meagre gains at the benchmark level. The flagship Sensex ended 69 points higher at 58,247.09. Meanwhile, Nifty50 closed the day at 17,380, up 25 points.
At the same time, interest in the broader markets remained strong, with BSE Midcap index rallying 1.09 per cent and the BSE Smallcap index 0.63 per cent. The stock-specific activity remained high. Shares of Zomato ended the volatile session up 0.63 per cent, off 6 per cent from all-time high of Rs 152.75 after the company's co-founder Gaurav Gupta stepped down. Further, shares of Essel Group companies rallied as Zee Entertainment shareholders sought to revamp the board at an AGM later today. The largest shareholder of Zee Entertainment Enterprises, Invesco Developing Markets Fund and OFI Global China Fund llC have called an extra-ordinary general meeting of shareholders seeking to remove Punit Goenka, currently MD of the company. Zee Entertainment posted its biggest one-day gain as it ended 39.99 per cent higher at Rs 261.50. Other group stocks - Zee Learn up 20 per cent and Zee Media up 5 per cent - also rallied. Thanks to the surge in Zee Entertainment, Nifty Media index emerged to be the best performing sector on NSE today, with a gain of over 14 per cent. Nifty Private Bank, IT and Auto were among top sectoral performers. Nifty Metal declined the most, down 0.5 per cent.
Meanwhile, in the primary market, the IPO by Sansera Engineering was subscribed nearly 50 per cent on the first day of its bidding process, with retail investors quota subscribed the most so far.

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