Mumbai: On Thursday, the stock markets saw good strength. The Sensex closed at 38,840.32, showing a gain of 646.40 points. The Nifty closed with a gain of 171.2 points at 11,449.25. Today, the maximum gain of 7.1 percent on the Sensex was seen in Reliance Industries shares. Apart from Reliance, shares of Asian Paints, Axis Bank, Ultratech Cement, Bajaj Finance and IndusInd Bank were also good on the Sensex. The biggest decline was in the shares of Tata Steel.
On the NSE, other sectoral indices, except metal and pharma stocks, closed in the green mark. PSU bank stocks were the fastest. Reliance, BPCL, Asian Paints, IOC and Axis Bank were the top gainers on the Nifty. Infratel, Hindalco, Tata Steel, Bharti Airtel and Dr. Reddy’s were the top losers.
Meanwhile, Reliance Industries became the first company in India to touch a market cap of $ 200 billion (about Rs 15 lakh crore). During the trading, shares of the company rose by more than 8 per cent on the BSE to a record level of Rs 2,343.90. The company’s market cap quickly crossed $ 200 billion in stock. The announcement of buying a stake in Reliance Retail by American company Silver Lake led to a huge buyout of RIL shares. During the business, the company’s stock reached a record new price of Rs 2,343.90.
