Markets@11: Nifty, Sensex, and Midcap 100 break new records

After opening with modest gains, the market indices gradually climbed to record levels, with the Nifty, Sensex, and the Midcap 100 all breaking new records.

Bajaj Housing Finance shares debuted at ₹150, an impressive 114% premium over its IPO price of ₹70. The price later surged to ₹160.

Lumax Auto Technologies shares rose by 8% in the morning after the company acquired a majority stake in Greenfuel Energy Solutions.

Adani Power and Adani Green Energy both gained around 4% after securing a contract with the Maharashtra Electricity Board for 5 GW of power.

Edelweiss Financial’s shares jumped by 9% following a bulk purchase by foreign funds. Union Bank shares climbed by 5% after positive brokerage reports.

The rupee opened today with slight gains, with the dollar trading at ₹83.88.

Gold hits new peak

Gold prices set a new record in the global market, reaching $2,586 per ounce. In Kerala, gold prices increased by ₹120 per sovereign to reach ₹55,040, matching the record high from 24 May. With international indicators suggesting further increases, predictions place gold prices at $2,700 per ounce later this month, marking a 23% rise this year.

Crude oil saw a slight dip, with Brent crude falling to $71.62.