Market front-line indices rose for the second consecutive day led by gains in Reliance Industries, which rose a fresh record high of Rs.1,572.40 after its telecom-arm said it will also raise tariffs of telecom offerings along with Bharti Airtel and Vodafone.
Besides, Reliance Industries, which hit a one-year high during the day and became the prime Indian company to hit a market capitalization of Rs 9.5-lakh-cr, added more impetus.
Among sectoral indices, the Nifty pharma (+3.26%), media (+3.236%),FMCG and Pvt bank (+0.75%) sectors rose the most, while Financial Service (-0.19%), PSU bank (-0.66%) and realty (-1.47%) slipped.
Zee Entertainment, Sun Pharma, IndusInd Bank, Bharat Petroleum and Dr.Reddy’s were the top gainers on the Nifty50, while Bharti Infratel, Indian oil Corp, Kotak Bank, and Eicher Motors led the losses.To avail Stock Tips and Free stock Tips visit our website
The Nifty energy index rose 1.38%, led by gains in Bharat Petroleum Corp (BPCL), Reliance Industries, and Hindustan Petroleum (HPCL), while Realty index slipped 1.47% led by Phonix, Indiabulls Real estate and Godrej Properties, Brigade, SunTech, DLF, and Prestige.
Among banking stocks, Bank of Baroda slipped 0.56% to Rs.98.45-per share as Reserve Bank of India imposed a penalty of Rs.2.50-cr for non-compliance.