Share Market LIVE: Sensex reclains 60000, Nifty tops 17900; Reliance Industries in focus

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian equity markets opened firm on Monday amid mixed global cues. While Sensex reclaimed 60,000 after surging over 460 points to 60,205.02, Nifty50 topped 17,900 and was trading 120 points higher at 17,932.95. Bank Nifty was 410 points or 1.09% up at 38,150. ICICI Bank, TCS, HDFC Bank, Maruti, SBI, Kotak Mahindra Bank, Axis Bank and ITC were among the top gainers on Sensex, while Wipro, Nestle, Sun Pharma, HCL Technologies and Dr Reddy were the top losers. In the Nifty pack, TCS, ICICI Bank, HDFC Bank, Maruti and Bajaj Finserv were top gainers while the laggards included Wipro, Cipla, Sun Pharma, Nestle and HCL Tech.

Shares of Reliance Industries will remain in focus as Mukesh Ambani-led RIL announced late on January 8 that it had entered a pact to acquire New York-based premium luxury hotel the Mandarin Oriental. The acquisition is a part of RIL’s strategy to expand its consumer and hospitality footprint. “RIIHL (Reliance Industrial Investments and Holdings) would acquire the remaining 26.63 percent, based on the same valuation used for the acquisition of the indirect 73.37 percent stake,” RIL said in its regulatory filing. The pact to acquire New York-based premium luxury hotel the Mandarin Oriental is for an equity consideration of around $98.15 million.