Bulls have made the market a positive result on the exchanges with a new record high on stocks, in banking, finance and consumer durable sectors. The Sensex clocked with a gain of 442.32 points at 38,694.11 The Nifty settled at 11,691.95, up 134.85 points.
All the key components from the NSE gained the most over 2 percent to the public sector bank. All sectoral indices of the NSE, ended in green. Nifty PSU Bank was the top sectoral constituent, rising 2.16 percent up at 3,283.90 followed by Nifty IT, Nifty Pvt Bank & Nifty Metals which extended up to 1.67%.
Reliance share price went up 1.06% to Rs 1291.60, after it arm Reliance Brands, has purchased an additional 3.07% equity holding in Genesis for about Rs 8.32 crore.
Shares of Sundaram Finance surged 3.98% Rs. 1534.95 after Company’s profit rose 25.93% to Rs 140.73 crore in Q1 June 2018 year on year.
Shares of Reliance Naval & Engg fell 4.99% after Anil Ambani stepped down as the director of the company.
Hindalco, Bharti Airtel, Power Grid, TechMahindra and ICICI Bank were the top gainers on the NSE, while Sun Pharma, Bajaj Finserv, and Dr. Reddy’s were losers.