Union Minister Nitin Gadkari Unveils NHAI-Backed Raajmarg Infra Investment Trust.

National Highways Authority of India (NHAI) Launches Raajmarg Infra Investment Trust (RIIT)

Key Highlights:

• Raajmarg Infra Investment Trust (RIIT), sponsored by the National Highways Authority of India (NHAI), has been listed on the Bombay Stock Exchange (BSE).
• The maiden public issue of RIIT received a strong response from investors, with the listing marking an important step in attracting investment into India's highway infrastructure sector.

Investor Sentiment and Market Performance:

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• The domestic share markets opened on a positive note, with both benchmark indices registering strong gains in early trade.
• The Nifty 50 opened at 22,878.45, gaining 365.80 points or 1.62 per cent, while the BSE Sensex surged by 1,516.08 points or 2.09 per cent to open at 74,212.47.
• Market volatility remained high amid ongoing uncertainty linked to the Strait of Hormuz.

Sectoral Performance:

• Sectoral indices on the NSE showed broad-based buying, with all sectors opening in the green.
• Key gains were observed in the Nifty Auto (2 per cent), Nifty PSU Bank (2.40 per cent), Nifty IT (1.46 per cent), Nifty FMCG (1.44 per cent), Nifty Metal (2.31 per cent), Nifty Pharma (1.15 per cent), and Nifty Private Bank (1.62 per cent).

Global Market Trends:

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• A positive trend was observed in other Asian markets, with key gains in Japan's Nikkei 225 index (0.75 per cent), Singapore's Straits Times (0.13 per cent), Hong Kong's Hang Seng index (1.75 per cent), and South Korea's KOSPI index (more than 2 per cent).
• US markets also ended higher on Monday, with the Dow Jones rallying by 1.38 per cent, the S&P 500 gaining 1.15 per cent, and the Nasdaq rising by 1.38 per cent.