Sensex extends gains after hitting record high, Nifty above 11,100; ACC soars 10%

All sectoral indices are trading in the green, with maximum gains seen among IT and infrastructure names. Midcaps, meanwhile, have opened higher, with the index rising around 0.20 percent.

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Shares of Delta Corp added 5 percent intraday Tuesday on the back of strong June quarter numbers.

The company’s Q1 net profit surged 52 percent to Rs 28.61 crore versus Rs 18.81 crore in the same quarter last fiscal.

Revenue rose 36.7 percent to Rs 109.91 crore versus Rs 80.36 crore.

ACC jumps 13%: Shares of ACC gained around 13 percent on Tuesday morning as investors cheered the company’s results.

The stock touched an intraday high of Rs 1,468.00 and an intraday low of Rs 1,395.10.

The company posted a higher-than-expected 1.2 percent rise in second-quarter profit on Monday, helped by a fall in expenses.

Standalone profit was Rs 326 crore ($47.4 million) for the quarter ended June 30, compared with Rs 322 crore a year earlier, the Mumbai-based company said in a statement.

Cement sales volume rose 7.4 percent to 7.24 million tonnes in the quarter, it said.

Equity benchmarks have looked to continue their momentum from Monday, with the Sensex opening at a record high, while the Nifty has opened above 11,100.

At 09:15 hrs IST, the Sensex is up 89.00 points or 0.24% at 36807.60, while the Nifty is up 26.10 points or 0.24% at 11110.90. The market breadth is positive as 305 shares have advanced, 116 shares have declined, and 39 shares are unchanged.

Pre-opening rates indicate a strong start to the market, with the Nifty hitting 11,100.

At 09:01 hrs IST, the Sensex is up 224.91 points or 0.61% at 36943.51, and the Nifty up 36.80 points or 0.33% at 11121.60.

The market on Monday had closed on a higher note, with the 50-share index ending above 11,080 as well.

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