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Sensex rises for fifth session; Reliance Industries hits $100 billion in market cap


(Reuters) - Indian shares rose for a fifth straight session on Thursday, with the benchmark Sensex posting its highest ever close, led by market heavyweight Ltd.

Reliance Industries, the led by India's richest man Mukesh Ambani, hit $100 billion in market capitalisation for a second time.

Shares of rose as much as 5.8 percent to a record high before trimming gains to close 4 percent higher.

The broader NSE Nifty ended up 0.68 percent at 11,023.20, while the Sensex closed 0.78 percent higher at a record level of 36,548.41. Earlier in the session, the index hit its life-high of 36,699.53.

(Reporting by in Bengaluru; Editing by Subhranshu Sahu)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 12 2018. 16:05 IST