Nifty Starts Strong Above 24,100; IT Stocks Shine, Kirloskar Oil Engines Jumps 17% on Major Data Centre Order

Indian equity benchmarks started Monday’s session on a firm note, with the Nifty 50 gaining nearly half a per cent and trading above the 24,100 mark. The Nifty IT index led the sectoral pack, rising more than 1 per cent in early trade, while all sectoral indices traded in positive territory.

The broader market also witnessed steady buying interest. The Nifty Midcap 100 and Nifty Smallcap 100 indices were both trading higher, with the Nifty Midcap 100 moving close to its all-time high.

Heavyweights such as Reliance Industries, HDFC Bank, ICICI Bank and Infosys were among the key contributors to the Nifty 50’s gains.

In stock-specific action, Kirloskar Oil Engines share price jumped over 17 per cent on Monday, June 22, after the company announced a major order from HyperNext, a next-generation digital infrastructure company focused on hyperscale-ready, AI-enabled data centre solutions. The order includes 192 MW of capacity through 96 units of KOEL’s 2500 kVA Optiprime™ Dual Core power systems, marking one of the largest deployments of high-capacity power systems for hyperscale data centres in India.

Disclaimer: The article is for informational purposes only and not investment advice.