Sensex, Nifty hit fresh record high; @Bajaj Electricals climbs 5%

Benchmark indices kicked off the session on Tuesday making fresh all time highs, even as most Asian markets remained largely mixed. The gains were led by index heavyweights Tata Motors 1.82 %, Reliance Industries 0.02 %, SBI 0.98 % and ICICI Bank -0.21 %. 


Shares of Bajaj Electricals 3.71 % advanced over 4 per cent in Tuesday’s trade after the company said it has exercised its right to acquire shares of Starlite 3.54 % Lighting (SLL). 

Following the development, the stock rose 4.57 per cent to hit a high of Rs 338.60 on BSE. The stock hit a 52-week high of Rs 387.85 in April. 

The company had advanced a sum of Rs 3.80 crore to SLL as a short term loan, inter-alia on the collateral security by way of 38 lakh .



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