After opening the day higher, the benchmark indices continued their upward momentum, ended the session in green.

Indian equity market indices Sensex and Nifty closed higher on Tuesday as investors awaited the US Federal Reserve's monetary policy meeting outcome, scheduled to be announced on Wednesday (September 17).

At the closing bell, the BSE Sensex closed higher by 595 points (up 0.7%).

Meanwhile, the NSE Nifty closed 170 points higher (up 0.7%).

Kotak Mahindra, M&M, and Tata Steel are among the top gainers today.

Asian Paints, Bajaj Finance, on the other hand, were among the top losers today.

The GIFT Nifty was trading at  25,336, higher by 156 points at the time of writing.

The BSE MidCap index ended 0.6% higher, and the BSE SmallCap index ended 0.6% higher.

Sectoral indices are trading mixed today, with stocks in the media sector and the realty sector witnessing buying. Meanwhile, stocks in the telecommunications sector and the auto sector witnessed selling pressure.

The rupee is trading at Rs 88.1 against the US$.

Gold prices for the latest contract on MCX are trading 0.4% higher at Rs 110,611 per 10 grams.

Meanwhile, silver prices were trading 0.3% higher at Rs 129,750 per 1 kg.
 

Adani Enterprises Wins Kedarnath Ropeway Project

In the news from trading sector, the National Highways Logistics Management Ltd. (NHLML) has granted Adani Enterprises Ltd. (AEL), the Adani Group's flagship incubator, a letter of award (LoA) to construct a ropeway between Sonprayag and Kedarnath for Rs 40.8 bn.

The roads, metro, rail, and water (RMRW) division of AEL will carry out the 12.9-kilometer project.

When it is operational, the 8-9-hour hike to the Himalayan shrine will be cut down to just 36 minutes of picturesque air travel. The nearly 20 lakh pilgrims who visit Kedarnath each year will be served by the ropeway, which will have a carrying capacity of 1,800 passengers per hour per direction.

The Kedarnath ropeway project, part of Parvatmala Pariyojana, will be developed through a public-private partnership model with NHLML on a revenue-share basis. It will take six years to complete and Adani Enterprises Limited will operate it for 29 years.

The Chairman of the company said the Kedarnath ropeway project connects devotion and modern infrastructure, making the sacred journey safer and faster while creating opportunities for Uttarakhand's people and honouring the faith of millions.
 

NTPC Green Energy Shares Jump 5%

Moving on to the news from energy sector, shares of NTPC Green Energy surged 5% after the start of commercial operations of a 100 megawatt (Mw) joint venture unit at its IRCON Renewable project.

NTPC Green Energy's 100 MW plant has started commercial operations. With this, their operational capacity is now 7,272.575 MW, and total installed capacity is 7,372.575 MW.

NTPC Green Energy signed an MoU with V.O. Chidambaranar Port Authority (VOCPA) to promote green energy technologies. They will set up a green hydrogen fuelling station and deploy hydrogen-powered trucks at VOC Port to reduce fossil fuel use and enhance energy security.

NTPC Green Energy Ltd. (NGEL) is the umbrella company for NTPC's green business initiatives, aiming to achieve 60 GW of green energy capacity by FY32.
 

AGI Greenpac Shares Jump on Upgrade

Moving on to the news from packaging & container sector, shares of AGI Greenpac came in focus after the company announced plans to upgrade its Container Glass Facility to 1,900 TPD and enhance its Speciality Glass Facility to 200 TPD, with an estimated investment of Rs 0.5 bn.

AGI Greenpac is undertaking two de-bottlenecking projects to upgrade its Container Glass Facility from 1,850 TPD to 1,900 TPD and enhance its Specialty Glass Facility from 154 TPD to 200 TPD, with an estimated investment of Rs 0.5 bn.

The increased capacity is expected to be completed by March 2026.

Additionally, the Container Glass Facility's capacity has been increased to accommodate the high volume demands of the food, pharmaceutical, chemical, and alcohol-beverage industries.

According to the company, it will be able to meet the growing demand in premium market segments like cosmetics, perfumery, and luxury beverages due to the capacity addition of the Speciality Glass Facility.

AGI Greenpac is a top container glass manufacturer in India, offering a diverse range of products including glass containers, PET bottles, and security closures.

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