India’s benchmark indices soared to record highs on Thursday, driven by a surge in Reliance Industries shares following the company’s announcement of a 1:1 bonus issue for equity shareholders and a Rs 75,000 crore investment in New Energy.
The company shares rallied 1.55 percent after the announcement.
The Sensex climbed 349.05 points, or 0.43 percent, to close at 82,134.61, while the Nifty gained 99.70 points, or 0.40 percent, ending at 25,152. Market activity was mixed, with 1,348 stocks advancing, 2,421 declining, and 95 remaining unchanged.
Top gainers on the Nifty included Bajaj Finserv, Bajaj Finance, Tata Motors, Britannia Industries, and BPCL. Grasim Industries, M&M, JSW Steel, Kotak Mahindra Bank, and Dr. Reddy’s Laboratories were among the top losers.
In the broader market, the BSE Midcap index dipped by 0.3 percent, while the Smallcap index fell by 0.7 percent.
Sector-wise, the auto, oil & gas, telecom, IT, and FMCG segments recorded gains ranging from 0.5 percent to 1 percent. However, capital goods, pharma, media, metal, and power sectors saw losses between 0.3 percent and 0.7 percent.
(With agencies input)