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Closing Bell: Sensex ends 269 points higher, Nifty above 11,200 led by banks, RIL

Closing Bell: Sensex ends 269 points higher, Nifty above 11,200 led by banks, RIL

Closing Bell: Sensex ends 269 points higher, Nifty above 11,200 led by banks, RIL
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By CNBCTV18.com Jul 23, 2020 3:44:59 PM IST (Updated)

The Sensex ended 269 points higher at 38,140 while the Nifty rose 83 points to settle at 11,215.

Indian indices ended higher on Thursday led by gains in financials and index heavyweight Reliance Industries, which became the first Indian company to cross market capitalisation of Rs 13 lakh crore.

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The Sensex ended 269 points higher at 38,140 while the Nifty rose 83 points to settle at 11,215. Broader markets were also positive for the day with the Nifty Midcap and Nifty Smallcap indices adding 1 percent each.
Reliance Industries rose 3.5 percent for the day to end at Rs 2,075. It took the stock 8 sessions to cross mcap of Rs 13 lakh crore from Rs 12 lakh crore. At closing its mcap stood at Rs 13.15 lakh crore.
Among sectors, the Pharma index rose the most, up 1.5 percent followed by Nifty Auto, which rose 1.3 percent. Nifty Bank was up 1 percent and Nifty Fin Services and Nifty Metal also advanced around 0.8 percent each.
Eicher Motors, ICICI Bank, RIL, Tech Mahindra, and SBI were the top gainers on the Nifty50 index while Axis Bank, Shree Cement, HUL, Infosys and TCS led the losses.
Rossari Biotech made a stellar debut on stock exchanges on Thursday with the specialty chemicals manufacturer's shares listing at Rs 670 apiece, up 58 percent from the issue price of Rs 425. It ended the day at Rs 752, which is a premium of 77 percent to issue price.
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