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Sensex ends at record closing level; RIL market-cap hits $100-bn mark(Roundup)

Thursday - July 12, 2018 6:14 pm , Category : BUSINESS
 Sensex ends at record closing level; RIL market-cap hits $100-bn mark(Roundup)
Sensex ends at record closing level; RIL market-cap hits $100-bn mark(Roundup)
Mumbai July 12 (IANS) The BSE Sensex settled at the highest closing level of 36 548.41 points on Thursday tracking firm global cues and an appreciation in the Indian rupee.
Earlier in the day the Sensex had touched an intra-day record high of 36 699.53 points breaching the previous high of 36 443.9 points reached on January 29 2018.
Similarly the wider Nifty50 on the National Stock Exchange also rose to end over the 11 000-mark.
Globally the Asian and European markets traded in the green after reports on Wednesday said China and the US may resume talks to ease the ongoing trade tensions.
Index-wise the Nifty50 closed at 11 023.20 points -- higher by 74.90 points or 0.68 per cent -- from its previous close of 10 948.30 points.
The barometer 30-scrip Sensex which had opened at 36 424.23 points closed higher by 282.48 points or 0.78 per cent at 36 548.41 points. The previous day s close on Sensex was 36 265.93 points.
As mentioned it touched an all-time high of 36 699.53 points during the intra-day trade and a low of 36 422.08 points.
Broader markets however closed on a negative note with the S&P BSE mid-cap falling 0.52 per cent and the S&P BSE small-cap ending a tad lower by 0.06 per cent from its previous close. The BSE market breadth was bearish with 1 469 declines against 1 170 advances.
"Positive cues from other global markets helped sentiments " said Deepak Jasani Head of Retail Research at HDFC Securities.
Asian markets closed with decent gains and European markets traded higher he added.
On the currency front the rupee strengthened by 20 paise to end at 68.58 per dollar against the previous close of 68.78 per greenback.
Investment-wise provisional data with exchanges showed that foreign institutional investors sold scrip worth Rs 742.63 crore while the domestic institutional investors bought stocks worth Rs 366.40 crore.
Sector-wise the S&P BSE banking index gained the most by 272.93 points followed by the oil and gas index which was up 222.70 points and the energy index rose by 126.24 points.
On the contrary the S&P BSE metal index fell by 190.74 points the IT index was down 83.84 points and the metal index ended 65.04 points lower from its previous close.
Scrip-wise Reliance Industries gained the most on the Sensex and its market capitalisation (m-cap) crossed the $100 billion mark during the day and its share prices touched a 52-week high of Rs 1 098.80 per share. At the day s close the company s m-cap was at Rs 685 725.09 crore or $99.98 billion.
The share price of Reliance Industries settled at Rs 1 082.20 up 45.85 points or 4.42 per cent from its previous close.
The other major gainers on the Sensex were Wipro up 2.44 per cent at Rs 279.50; Larsen and Toubro (L&T) up 1.94 per cent at Rs 1 299.75; HDFC up 1.74 per cent at Rs 1 961.75; and State Bank of India up 1.49 per cent at Rs 262.75 per share.
The top losers were Vedanta down 3.05 per cent at Rs 211.35; Infosys down 1.95 per cent at Rs 1 294.60; Tata Motors (DVR) down 1.68 per cent at Rs 152.30; Bajaj Auto down 1.66 per cent at Rs 3 101.90; and Mahindra and Mahindra down 1.40 per cent at Rs 917.55 per share.

--IANS rrb/ag/sed