For Quick Alerts
For Daily Alerts

Sensex Closes At New Record; Reliance Surges 4%


The Sensex today hit a new record high, with index surging 300 points in trade, led by a solid rally in the shares of Reliance Industries.

The Sensex closed the day at a new lifetime high of 36,548 points, while the Nifty closed the day above the 11,000 points mark at 11,023 points, up 74 points. Today's rally was largely fuelled by a solid decline in crude prices, in fact, the most in two years. This led to some smart gains in stocks of oil marketing companies like BPCL and HPCL.

Sensex Closes At New Record; Reliance Surges 4%

Today's sharp spurt in the stock of Reliance Industries ensured that the company crossed the $100 billion in market capitalization, after a gap of almost 10 years. It is only the second company to do so, after TCS.

Ironically, some selling pressure in the small and midcap index was seen, as the index witnessed a decline in trade today.

Shares of HCL gained ground, ahead of a board meeting to announce buyback of shares.

Overseas, Asian stocks ended higher, despite weakness at Wall Street in overnight trade, as investor weighed ongoing trade war between US and China. In a fresh development, China"s commerce ministry has termed the US actions "completely unacceptable" and threatened to file complain to the World Trade Organisation, Reuters reported.

On the economy front, IIP numbers for May will be released later today which may give some indication about economic growth.

Read more about: sensex nifty
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more