Stock Market Highlights: Indian benchmark indices Sensex and Nifty 50 ended Monday's trading session with minor gains. Nifty 50 closed 0.18 percent higher at 19,300.5, while Sensex was up 110 points at 64,996.60. Financials and capital goods were the top contributing sectors, while oil and gas and IT shares dragged. The Reliance Industries 46th AGM concluded half-an-hour after market closing. Reliance Industries shares ended a percent lower, while Jio Financial Services shares ended nearly 1.6 percent down. Check highlights here:
Shares of Linde India Ltd hit their record high today (August 23) after the firm said Indian Oil Corporation Limited (IOCL) has awarded a letter of acceptance for an air separation unit. Linde India shares zoomed 6.96% to a record high of Rs 6164.65 on BSE. Market cap of Linde India rose to Rs 50,489 crore. The stock has gained 78% in a year and risen 191% in two years. During three years, it has delivered 676% returns to shareholders.
The stock also gave a breakout from an ascending triangle pattern on the weekly charts. The neckline of the ascending triangle pattern was placed above Rs 4,200 levels which happened in June 2023 and since then the stock has been trading above this level.