The Indian equity market continued its upward trajectory today, April 10th, with benchmark indices Nifty and Sensex registering gains, propelled by strong buying interest across multiple sectors. The Nifty 50 Index has advanced 0.45% to 22,745.65 as of writing, adding 102.90 points to its previous close of 22,642.75. The index has traded within a day's range of 22,673.70 to 22,775.70, reflecting the underlying strength in the market sentiment.
Nifty Stock: Investopedia
Similarly, the BSE Sensex has climbed 0.43% to reach 75,003.20, extending its upward trajectory. Today, the index fluctuated between a high of 75,105.14 and a low of 74,807.55 so far. Both indices have displayed resilience, with their year-to-date ranges reflecting the market's ability to navigate various challenges and capitalize on emerging opportunities.
HEG Ltd, a leading graphite electrode manufacturer, emerged as the top gainer on the National Stock Exchange (NSE). The company's shares have soared 8.3%, reaching an intraday high of Rs 2,419.55 and trading at Rs 2,356.85 as of writing. This remarkable performance has marked a new 52-week high for HEG Ltd, underscoring the company's strong fundamentals and growth prospects.
The diversified natural resource company has also captured investors' attention, as its shares touched an intraday and 52-week high of Rs 369.60 as of writing today. The stock is trading at Rs 361.50, registering a substantial gain of 6.9%. Vedanta's diverse portfolio, spanning zinc, lead, silver, aluminium, copper, iron ore, oil, gas, and commercial power, contributes to its impressive performance.
Hindustan Petroleum Corp Ltd (HPCL), an Indian government enterprise specializing in refining crude oil and manufacturing petroleum-based products, has also witnessed a surge in its share price. The stock has so far climbed 6.3% to Rs 487.65, propelled by an intraday high of Rs 489.00. HPCL's diverse range of refineries and product offerings, including lubes, specialties, greases, and various petroleum products, pushed this market performance.
NMDC Ltd is a leading player in the mining sector and has also witnessed its shares appreciate by 5.7% to Rs 240.95. The company, engaged in mining a wide range of minerals, including iron ore, copper, sponge iron, and rock phosphate, among others, has benefited from the favorable market conditions and investor confidence in its operations.
REC Ltd, a non-banking financial company operating in India and focused on financing power sector projects, saw its shares gain 1.7% to Rs 448.15. The company has a strategic role in providing loan assistance to state power utilities, private sector project developers, central power sector utilities, and state governments, which are in place and well-checked to contribute to its positive performance.
Adani Power is an electric utility company that produces and transmits energy from its portfolio of power plants across India. The stock has experienced a marginal dip of 0.1% in its share price, trading at Rs 615.50. Despite the slight decline, the company's diversified energy sources, including thermal fuel sources, solar, and steam generation, continue to position it as a prominent player in the energy sector.