Zee Entertainment Enterprises hit an upper circuit limit of 15% at Rs 294.05 after the board approved the merger between the firm and Sony Pictures.
In opening trades Sensex rose 101 points or 0.17% to 59,107 while the Nifty 50 was trading at 17,581 higher by 19 points or 0.11%.
Declining Covid-19 cases in India has boosted hopes the Maharashtra government may soon allow multiplexes to operate at full capacity.
Sensex advanced 514.34 points or 0.88% to end at 59,005.27, while Nifty closed at 17,562.00, up 165.10 points 0.95%
Avenue Supermarts zoomed nearly 12% in eight trading sessions from its previous closing low of Rs 3,933.35 posted on 8 September 2021.
Evergrande’s debt crisis has the potential to severely weaken global steel demand and induce a sharp correction in steel prices.
A credit event for Evergrande seems unavoidable, spillover into other markets depends on whether Evergrande restructures or fully liquidates.
HCL Tech, Infosys, HUL, ITC, Bharti Airtel and TCS were the top gainers on the Sensex. Maruti, Bajaj Finserv, Axis Bank, Nestle were the laggards.
Sansera Engineering on 13 September 2021 finalised the allocation of 51,35,162 equity shares to anchor investors aggregating to Rs 3,82,05,60,528.
Sensex settled at record 58,723.20, up 476.11 points or 0.82%, while the broader Nifty jumped 139.45 points 0.80% to a new peak of 17,519.45