Business News Live: Sensex, Nifty Trade Flat Amid Volatility; All Sectors In The Red

The stock market opened with a strong sentiment on Tuesday as the S&P BSE Sensex crossed 75,500 in the morning and touched 75,541.05, climbing over 150 points, as of 9:30 AM. The NSE Nifty50 inched closer to 23K as the market opened and stood at 22,975.90, gaining close to 50 points, during the same time.

Investors are closely watching the equity trends and Q4 earnings scheduled for the day, including companies like IRCTC and Aditya Birla Fashion & Retail. In the last trading session on Monday, both equity benchmarks, Sensex and Nifty, hit fresh intraday peaks during the day. The Sensex breached the 76k mark and touched 76,009.68, while the Nifty climbed well beyond 23k and traded at 23,110.80.

However, the indices ended the session slightly lower amidst volatility. The S&P BSE Sensex ended trading at 75,390.50, slipping nearly 20 points, while the NSE Nifty50 settled at 22,932.45, falling about 25 points.

In other news, Adani Energy Solutions announced on Monday that it received approval from its board to raise up to Rs 12,500 crore via Qualified Institutional Placement (QIP) or other permissible methods. The fundraising plan is subject to approvals from shareholders at the next annual general meeting scheduled for June 25, 2024.

Additionally, KAL Airways and Kalanithi Maran announced that they will be challenging a court order and seeking damages worth Rs 1,323 crore from SpiceJet and its founder, Ajay Singh.

Stay tuned for more updates on the stock market and business news.