Sensex closes 182 points higher at 40,652, Nifty ends just shy of 12,000-mark; RIL, Sun Pharma among top gainers

Market benchmark Sensex rose 182 points to end near its record peak on Wednesday, led by strong gains in Reliance Industries, Sun Pharma and IndusInd Bank

Press Trust of India November 20, 2019 16:18:49 IST
Sensex closes 182 points higher at 40,652, Nifty ends just shy of 12,000-mark; RIL, Sun Pharma among top gainers
  • After scaling a lifetime (intra-day) high of 40,816.38, the 30-share index ended 181.94 points, or 0.45 percent, higher at 40,651.64

  • Similarly, the broader NSE Nifty closed just shy of the 12,000-mark, advancing 59 points, or 0.49 percent, to end at 11,999.10

  • Reliance Industries led the gains on Sensex, settling 2.47 percent higher after it touched its life-time high of Rs 1,571.85 (intra-day)

Mumbai: The BSE Sensex darted up 182 points to close just shy of its lifetime high on Wednesday, propelled by index heavyweight Reliance Industries, Sun Pharma and IndusInd Bank.

After scaling a new intra-day record of 40,816.38, the 30-share index ended 181.94 points, or 0.45 percent, higher at 40,651.64. It is just 2 points shy of its all-time closing high, hit on 7 November, 2019.

Similarly, the broader NSE Nifty closed just below the crucial 12,000-mark, advancing 59 points, or 0.49 percent, to end at 11,999.10.

Reliance Industries led the gains on the Sensex in value terms, settling 2.47 percent higher after touching its lifetime high of Rs 1,571.85 (intra-day).

The market valuation of Reliance Industries, the country's most valued firm, is fast nearing the historic Rs 10 lakh crore mark. It ended Wednesday's session with a market capitalisation of Rs 9,80,699.59 crore.

Among other gainers, Sun Pharma rallied 5.73 percent, IndusInd Bank 5.50 percent and Yes Bank jumped 2.65 percent.

L&T, Maruti, Tech Mahindra, ITC and PowerGrid too ended on a positive note.

Sensex closes 182 points higher at 40652 Nifty ends just shy of 12000mark RIL Sun Pharma among top gainers

Stock brokers. Representational image. Reuters.

On the other hand, Kotak Mahindra Bank dropped 1.49 percent, HDFC fell 0.87 percent and Tata Steel slipped 0.83 percent. HUL, SBI and Bharti Airtel too finished in the red.

"Markets usually run ahead of macros and price future growth. There are three positive indicators for growth -- a reduction in the corporate tax rate, proposed divestment of large public sector units, and a possible resolution of the US-China trade impasse. Therefore we see growth coming back in 2020," said Sanjiv Bhasin, Director, IIFL Securities.

Sectorally, BSE energy, healthcare, oil and gas, industrials and capital goods indices rose up to 2.10 percent.

BSE realty, consumer durables, power, telecom and utilities lost up to 1.36 percent.

Broader BSE midcap and smallcap indices gained up to 0.25 percent.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul settled significantly lower after US President Donald Trump on Tuesday warned that failure to get a trade deal with China will prompt more tariffs.

European equities were also trading on a negative note in their respective early deals.

Meanwhile, the Indian rupee depreciated 15 paise to 71.86 against the US dollar in intra-day trade.

Brent crude futures, the global oil benchmark, slipped 0.11 percent to $60.84 per barrel.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Sensex slips 198 points, Nifty down 47 points on financial sector woes, global trade tussle; Vedanta, Tata Steel among top losers
Business

Sensex slips 198 points, Nifty down 47 points on financial sector woes, global trade tussle; Vedanta, Tata Steel among top losers

Equity benchmark Sensex furthered losses to the fourth session in a row on Thursday, dropping about 199 points as financial sector trouble and renewed trade war concerns weighed on sentiments

Sensex, Nifty end marginally lower on F&O expiry;  Tech Mahindra, HCL Tech, RIL among top losers
Business

Sensex, Nifty end marginally lower on F&O expiry; Tech Mahindra, HCL Tech, RIL among top losers

Domestic equity benchmarks ended marginally lower Thursday after a highly volatile session as June derivatives contracts expired

Sensex tumbles 204 points to close at 37,115, Nifty ends below 11,200-mark; Yes Bank, Tata Motors among top losers
Business

Sensex tumbles 204 points to close at 37,115, Nifty ends below 11,200-mark; Yes Bank, Tata Motors among top losers

The BSE Sensex ended 203.65 points lower after a volatile session on Wednesday as investors took money off the table amid mixed global cues