Sensex rallies 474 pts to fresh all-time high; Nifty nears 20,000
The Nifty 50 index ended 146 points or 0.74% higher to end at its record peak of 19,979. The S&P BSE Sensex surged 474 points or 0.71% and ended at 67,572. From the Sensex pack, ITC, Kotak Mahindra Bank, and ICICI Bank were the top gainers, rising over 2% each.
Maruti, Airtel, SBI, Sun Pharma, Reliance Industries, and Axis Bank also closed with gains. Whereas, Infosys, UtraTech Cement, HCL Tech and Bajaj Finserv closed with losses. Index heavyweight Reliance Industries gained 1.2%, after a new price discovery post its demerger with Jio Financial Services.
The discovered price for Jio Financial Services was Rs 261.85, ahead of the Street estimates of Rs 160-190. Sector-wise, Nifty FMCG surged 1.35%, and Nifty Bank rose 1.13%. Whereas, Nifty IT closed 0.66% lower.
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