Share Market Today: Sensex Gains 621 Points; Nifty Settles Above 23,850. Reliance Up 4%

Share market today: The two key equity benchmarks, Sensex and Nifty, on Wednesday extended their lead for a second consecutive session, led by banks and index heavyweights. The BSE Sensex hit a record high of 78,759, while the Nifty50 scaled 23,890 during intraday trade. The 30-share BSE benchmark closed at 78,674, rising 621 points. On the other hand, the NSE Nifty50 ended at 23,869, up 148 points.

Stock update

On the 30-share Sensex platform, Reliance jumped 4.09 per cent followed by, Airtel, UltraCemco, ICICI Bank, Sun Pharma, Axis Bank. On the down side, M&M, Tata Steel, TechM, JSW Steel, Titan, HDFC Bank were among the losers.

In the broader markets, the BSE Midcap dropped 0.29 per cent, while the BSE Smallcap gained 0.15 per cent.

Sectoral update

Sectorally, Nifty Media advanced 1.6 per cent, followed by Nifty Bank index rising 0.5 per cent, which hit a record high of 52,958.90 in the intraday trade. On the down side, Nifty, Metal, Realty, and Auto indices declined 1.4 per cent.

In the previous session on Tuesday, the S&P BSE Sensex closed at 78,053, rising 712 points, while the NSE Nifty50 settled with gains of 183 points at 23,721.

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