Rediff.com  » Business » Sensex soars 646 pts as Reliance Industries hits fresh high

Sensex soars 646 pts as Reliance Industries hits fresh high

Source: PTI
September 10, 2020 16:38 IST
Get Rediff News in your Inbox:

Asian Paints, Axis Bank, UltraTech Cement, IndusInd Bank and Bajaj Finance were also among the gainers.

The NSE Nifty rallied 171.25 points or 1.52 per cent to 11,449.25.

Domestic equity benchmark Sensex soared 646 points on Thursday, boosted by a rally in index heavyweight Reliance Industries.

The 30-share BSE index ended 646.40 points or 1.69 per cent higher at 38,840.32.

 

The NSE Nifty rallied 171.25 points or 1.52 per cent to 11,449.25.

Reliance Industries was the top gainer in the Sensex pack as it zoomed over 7 per cent.

On Wednesday, the company had announced that US private equity firm Silver Lake Partners would buy 1.75 per cent stake in its retail arm for Rs 7,500 crore.

RIL stock jumped 8.45 per cent to a record high of Rs 2,343.90 on the BSE during the day.

On the NSE, it gained 8.49 per cent to a lifetime high of Rs 2,344.95.

Asian Paints, Axis Bank, UltraTech Cement, IndusInd Bank and Bajaj Finance were also among the gainers.

On the other hand, Tata Steel, Bharti Airtel, Kotak Bank, HDFC Bank and Titan were among the laggards.

Domestic equities started on a positive note, and extended gains mainly driven by strong buying sentiment in Reliance Industries, traders said.

Bourses in Shanghai and Hong Kong ended in the red, while Seoul and Tokyo closed with gains.

Photograph: francis Mascarenhas/Reuters

Get Rediff News in your Inbox:
Source: PTI© Copyright 2020 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
SHARE THIS STORY