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SURE SHOT CALLS

Thursday 12 July 2018

Sensex Closes at New Record; Reliance stock rally

stock market high
The Sensex closed a new record high in trade by surging 282.48 points to 36,548.41 led by a strong rally in the shares of Reliance Industries.  The NSE Nifty ended 74.90 points higher at 11,023.20. Bank Nifty also ended the weekly expiry on a positive territory by going up 210 points at 27,026. 

Today's stock rally was mainly fuelled by a strong fall in crude prices that led to some smart gains in stocks of oil marketing companies such as BPCL and HPCL.  However, some selling pressure gripped in the small and midcap index, as index witnessed a fall in trade today.  

Reliance, Wipro, L&T, HDFC and SBI, were among top Sensex gainers, while Vedanta, Infosys, Bajaj Auto, M&M and Hero MotoCorp were major losers. 

Reliance Industries Ltd today entered the 100-billion dollar market capitalization as the company shares hit a 52-week high of Rs 1,099 on NSE and BSE as well. 

Shares of HCL Technologies Ltd surged 1.67% at Rs. 1,010 in Thursday's trade ahead of the board meet to announce buyback of shares.

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