Sensex Ends Above 58,000 Mark, Nifty Tops 17,300; Reliance Industries & ONGC Surge 4%

Indian share markets witnessed positive trading activity throughout the day today and ended higher.

Benchmark indices rallied for the second consecutive day after witnessing strong buying in index heavyweight Reliance Industries.

The Sensex closed above the 58,000-mark for the first time in history, while Nifty settled above 17,300 level.

At the closing bell, the BSE Sensex stood higher by 277 points (up 0.5%).

Meanwhile, the NSE Nifty closed higher by 87 points (up 0.5%).

Reliance Industries and ONGC were among the top gainers today.

HDFC Life Insurance and Cipla, on the other hand, were among the top losers today.

The SGX Nifty was trading at 17,353, up by 106 points, at the time of writing.

Both, the BSE Mid Cap index and the BSE Small Cap index ended up by 0.4%.

Sectoral indices ended on a positive note with stocks in the energy sector, oil& gas sector, and metal sector witnessing most of the buying interest.

Telecom and finance stocks, on the other hand, witnessed selling pressure.

Shares of L&T Technology and Deepak Nitrite hit their respective 52-week highs today.

Asian stock markets ended on a mixed note today.

The Hang Seng and the Shanghai Composite ended the day down by 0.7% and 0.4%, respectively. The Nikkei ended up by 2.1% in today's session.

US stock futures are trading on a positive note today with the Dow Futures trading up by 39 points.

The rupee is trading at 73.02 against the US$.

Gold prices for the latest contract on MCX are trading up by 0.2% at Rs 47,070 per 10 grams.

In news from the real estate sector, IRB Infra was among the top buzzing stocks today.

IRB Infrastructure Developer's share price gained 5.6% on the BSE today after the company emerged as a preferred bidder for the construction of a road project in Tamil Nadu.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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