Market Rally: Trent and Bharat Electronics Surge on Sensex Debut

Trent and Bharat Electronics shares soared following their inclusion in the 30-share Sensex, with Tata's Trent climbing 3.61% and Bharat Electronics rising 3.15%. These companies replaced Nestle India and IndusInd Bank. Despite this, the BSE Sensex and NSE Nifty saw overall declines at market close.

In a significant development, shares of Tata group Trent and state-owned Bharat Electronics witnessed a notable surge on Monday as they made their entry into the prestigious 30-share Sensex.

Trent's shares surged by 3.61% to close at Rs 6,120.45 on the BSE, peaking at Rs 6,214.55 during intra-day trading. Bharat Electronics followed with a 3.15% increase, reaching Rs 420.90 and touching Rs 422.45 at its highest point of the day.

These movements came after Asia Index, part of BSE, announced last month that Trent and Bharat Electronics would replace Nestle India and IndusInd Bank in the Sensex starting June 23. Despite these gains, the overall market faced downward pressure as the BSE Sensex fell 511.38 points to 81,896.79, while the NSE Nifty slipped 140.50 points to 24,971.90.

(With inputs from agencies.)