New Records for Nifty, Sensex as RIL Surges; Global Cues Mixed

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New Records for Nifty, Sensex as RIL Surges; Global Cues Mixed
Credit: © Reuters.

By Aditya Raghunath -- Reliance Industries Ltd (NS: RELI ) surged 4.15% and the massive rise in the indices’ largest component caused both Nifty 50 and the BSE Sensex 30 to close at record highs. Nifty gained 0.52% and closed over the 17,300 mark while the Sensex closed over 277 points up at 58,129, the first time it has closed over 58,000.

Other than RIL, Oil And Natural Gas Corporation Ltd (NS: ONGC ) closed up 4%, Coal India Ltd (NS: COAL ) gained 3.53% and Titan Company Ltd (NS: TITN ) closed up 2.74%. Among the losers, HDFC (NS: HDFC ) Life Insurance Company Ltd (NS: HDFL ) closed down 3.29%, followed by Cipla Ltd. (NS: CIPL ) at 1.49%.

RIL’s Mukesh Ambani reiterated the company’s commitment to renewable energy and said that it will set up at least 100 GW of renewable energy by 2030.

Market experts have said that while they are bullish on markets, markets might correct early next week, and that investors should have strict stop-losses.

Asian markets were mixed with Nikkei 225 and KOSPI 50 up 2.05% and 0.79% respectively while the Shanghai Composite was down 0.43%.

US stock markets drifted higher in premarket, but moves and volume are likely to stay insignificant until the jobs report.

As of this report, Dow Jones 30 Futures were up 58 points, or just under 0.2%, while S&P 500 Futures were up 0.2% and Nasdaq 100 Futures were up 0.1%.

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  • Jai Balaji @Jai Balaji
    18000 at d end of September 21
    Like 2
  • satyabrata nayak @satyabrata nayak
    nifty not caring anyone, 🐂bull Run...
    Like 1

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