Share Market News: Salasar Techno Engineering Shares Hit Upper Circuit

New Delhi: Shares of Salasar Techno Engineering Ltd hit a five per cent upper circuit on Tuesday as equity benchmark indices Sensex and Nifty hit their fresh lifetime high levels in early trade amid a rally in global markets and buying in IT stocks.
The counter opened in green at Rs 18.57 and surged further to hit the day’s high of Rs 19.38 – a jump of 5 per cent from the previous close of Rs 18.46 on the BSE. The stock of Salasar, which has a market cap of Rs 3276 crore, has a 52-week high of Rs 3.08 and a 52-week low of Rs 8.71.
The counter has outperformed the sector by 5.59 per cent. Also, it has been gaining for the last two days and has risen 6.25 per cent returns in the period. Earlier, the 30-share BSE Sensex jumped 379.68 points to hit a record peak of 79,855.87 in early trade. The Nifty climbed 94.4 points to hit a lifetime high of 24,236.35.
Among the Sensex pack, HCL Technologies, Tata Consultancy Services, Infosys, Bharti Airtel, HDFC Bank and Power Grid were the biggest gainers. Tata Motors, Bajaj Finance, Kotak Mahindra Bank and ICICI Bank were among the laggards.
The benchmark indices opened on a bullish note and hit all-time high levels, but soon profit booking emerged, the indices pared early gains and were trading in the negative territory. The BSE Sensex was trading down 77.93 points, or 0.10 per cent, to 79,398.26 points. The broader NSE Nifty fell 25.65 points, or 0.11 per cent, to 24,116.30 points.
On Monday, the BSE benchmark settled higher by 443.46 points or 0.56 per cent at an all-time high of 79,476.19. The Nifty climbed 131.35 points or 0.55 per cent to settle at a fresh lifetime high of 24,141.95.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)