Sensex logs life-time high of 40,816, Nifty tops 12K


Mumbai, Nov 20 (IANS): India's benchmark equity index hit record levels led by index-heavyweight Reliance Industries (RIL) -- the largest company by market cap on Tuesday surged nearly 4 per cent on the BSE after improved prospects of Jio.

Moreover, Reliance Industries (RIL), the highest contributor to Sensex gains is just short of reaching the market capitalisation of Rs 10 lakh crore. RIL will be the fist listed firm to reach the landmark size.

At 12.16 p.m., the Sensex was up 319.43 points at 40,789.13 before hitting the intra-day high of 40,816.38. The broader Nifty surged to 12,024.40, gaining 84.30 points.

Strong buying was yet again seen in telecom companies after Bharti Airtel, Reliance Jio and Vodafone Idea (VIL) decided to hike tariff as early as December 1.

Index leaders, in term's of gains were: IndusInd Bank, Sun Pharma, Reliance Industries, Maruti Suzuki and Yes Bank. The top losers were NTPC, Kotak Mahindra Bank, State Bank of India, Bajaj Auto and HCL Tech.

  

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Comment on this article

  • Syed Mohiudin, Iruvail/Riyadh

    Wed, Nov 20 2019

    What is the use for poor people ? Poor people having any share in Reliance company????? Poor people become poorer and rich will become richer.

    DisAgree Agree [3] Reply Report Abuse

  • Vineet, Mangalore

    Wed, Nov 20 2019

    Dear Syed,
    Anyone can buy shares of Reliance or any stock from BSE and NSE. Rich or Poor are immaterial dude.
    Rich can buy in large volume whereas poor in small volume ###

    DisAgree [1] Agree [2] Reply Report Abuse

  • James, Belman

    Wed, Nov 20 2019

    BJP or Congress is not ruling India. Reliance is ruling India and the stock market as well.

    DisAgree [5] Agree [12] Reply Report Abuse


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Title: Sensex logs life-time high of 40,816, Nifty tops 12K



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