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Sensex ends 269 pts up, Nifty tops 11,200; RIL m-cap crosses Rs 13.5 trn
All that happened in the markets today
After a one-day blip, the domestic equity market resumed rally and ended Thursday's session in the positive territory, supported by buying in select blue-chip counters such as Reliance Industries (RIL), ICICI Bank, ITC, State Bank of India (SBI), and HDFC Bank.
The S&P BSE Sensex surged 269 points or 0.71 per cent to settle at 38,140 levels while NSE's Nifty ended at 11,215, up 83 points or 0.74 per cent.
RIL’ market capitalisation (m-cap), including the partly paid shares, crossed the Rs 13.5 trillion mark after both the stocks hit their respective new highs on the BSE on Thursday. RIL fully-paid shares closed at Rs 2,060.65 apiece on the BSE. The stock hit an all-time high of Rs 2,079 in the intra-day deals. READ MORE
In the broader market, the S&P BSE MidCap index ended 1 per cent higher at 13,783 levels while the S&P BSE SmallCap index gained 0.61 per cent to 12,996 points.
Sectorally, barring Nifty IT, all the other indices on the NSE ended in the green. The Nifty Pharma index gained nearly 1.5 per cent to 10,322 while Nifty Auto ended at 7,301, up 1.35 per cent.
European stocks rose on Thursday as better-than-expected corporate earnings offset worries about rising cases of the Covid-19 and a sharp escalation in tensions between the United States and China. The pan-region Euro Stoxx 50 climbed 0.42 per cent while the German DAX gained 0.43 per cent and the FTSE 100 by a similar margin. S&P mini-futures added 0.29 per cent, pointing to a stronger open on Wall Street.
In commodities, oil prices rose on the back of a weaker dollar, but gains were capped by concerns about rising US oil inventories and a persistent surge in new coronavirus cases.
Gold, on the other hand, steadied near a nine-year peak.
(With inputs from Reuters)