Stocks closed at record high: Sensex hits record, Nifty also crosses 11,000
Today is very special for the stock market. While the Sensex opened on opening and closing on record high, the Nifty also managed to close close to 11,000 after nearly 6 months. The fastest rally in all-round shopping is in Reliance Industries. Who once again made the place at the $ 100 billion club. Sensex touches new peak on Reliance’s strong uptrend Sensex and Nifty climbed up to 0.75 per cent. The Sensex climbed 282 points to a new record level of 36,548.41. At the same time, the Nifty climbed 75 points to level at 11,023.20. Nifty has managed to close above 11,000 after 1 February 2018.
RIL also created history
During the business, the fastest growth in Reliance Industries RIL became the second largest company after TCS crossing the $ 100 billion market cap RIL’s market cap reached Rs 6.89 lakh crore on Thursday. During the business, shares rose 4.8 per cent to Rs 1086. However, slightly below it at the 1080 level. In just one day’s business the wealth of investors increased by 32 thousand crores. Let TCS know that the company is the largest market cap company in the country. The market cap of TCS is 7.55 lakh crores.
Midcap spoiled mood
Mid-caps and small-caps shares distort the market’s mood. At one time the Sensex was up by more than 400 points. At the same time, the Nifty was also trying to reach close to the record high. However, the mid-cap index of BSE closed 0.5 percent lower than the mid-caps and smallcap stocks. At the same time, the Nifty’s mid-caps 100 Index has also decreased by about 0.5 percent. BSE’s smallcap index closed flat.
During the business, IOC, Hindustan Petroleum, BPCL, Dr Reddy’s, HCL Tech, RIL and Jet Airways are up 5 per cent each. On the other hand, Infratel, Infosys, TCS, Vedanta Limited, ONGC, Adani Power, Adani Entertainment and Reliance Naval saw a decline of 2 per cent.
Banking and oil stocks rise
Banking, FMCG, Financial Services, Capital Goods and Oil & Gas stocks were the most enthusiastic. Bank Nifty closed at 27,026.5 with a strong 0.8 percent. However, there was pressure in auto, media, metal, power and realty stocks.