Sensex, Nifty at record high led by surge in IT stocks — these are the top movers in trade

• The 30-share BSE index opened 150.72 points higher, and the NSE Nifty was up 0.34% at 13,402.70.
• Here’s a list of the top losers and gainers in the Nifty pack.
• These are the top stocks that are buzzing in trade today.
• Check out the latest news and updates on Business Insider.

Indian equity benchmark indexes touched a fresh lifetime peak in early trade on Tuesday tracking gains in index majors Infosys, HDFC Bank and Maruti amid persistent foreign fund inflow.

The 30-share BSE index opened 150.72 points higher, and the NSE Nifty was up 0.34% at 13,402.70.

Here’s a list of the top losers and gainers in the Nifty pack.

*as of December 8, 10:30 am

These are the top stocks in news today.

Reliance Industries shares trade 3% higher

The Mukesh Ambani-owned RIL shares soared 3% after a tepid start on Tuesday. While speaking at the India Mobile Congress 2020, Ambani said Jio would start 5G services by the second quarter of CY21. [link it]

Canara Bank surges 7%

The shares of Canara Bank surged almost 7% after the bank announced that it had set a floor price of ₹103.50 per share for its qualified institutional placement (QIP) to raise up to ₹2,000 crore. The bank sought its shareholders’ nod during the annual general meeting, held in August, for raising up to ₹2,000 crore by way of QIP.

Coffee Day Enterprise soars 5%

The shares of Coffee Day Enterprise soared nearly 5% after it appointed Malavika Hegde, the wife of late VG Siddhartha Hegde, has been appointed as Chief Executive Officer (CEO) of the company from December 7.

Jet Airways advances 5%

The shares of Jet Airways advanced over 5% after the consortium led by Murari Lal Jalan, and Kalrock Capital said that it plans to operationalise Jet Airways by the summer of 2021, subject to certain conditions. Accordingly, the consortium has announced the revival of Jet Airways as a full-service carrier.

Godrej Properties gains nearly 3%

The shares of Godrej Properties gained nearly 3% after the company on Tuesday announced that it has entered into an outright transaction to purchase a well-located land parcel in Whitefield, Bangalore.

Titan gains nearly a percent

The shares of Titan gained nearly a percent after its board has decided to scale down the operations of its wholly-owned subsidiary, Favre Leuba AG (FLAG), with immediate effect.

Titan said that it has been continuously supporting FLAG, and has made a series of investments. However, the current COVID-19 pandemic has severely impacted the revival plans and prospects.

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