Sensex perches near all-time high

November 20, 2019 17:22

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 per cent, higher at 40,651.64. It is just 2 points shy of its all-time closing high, hit on November 7, 2019. Similarly, the broader NSE Nifty closed just below the crucial 12,000-mark, advancing 59 points, or 0.49 per cent, to end at 11,999.10.

Reliance Industries led the gains on the Sensex in value terms, settling 2.47 per cent higher after touching its lifetime high of Rs 1,571.85 (intra-day). The shares have gained after the company's telecom arm, Reliance Jio, announced it will increase mobile phone call and data charges in the next few weeks, following similar announcements by Bharti Airtel and Vodafone Idea.

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 per cent, IndusInd Bank 5.50 per cent and Yes Bank jumped 2.65 per cent. L&T, Maruti, Tech Mahindra, ITC and PowerGrid too ended on a positive note. -- PTI

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