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Thanks to Ambani, the market hit a new record, Sensex reached close to 79000

Sagar Patel

By Sagar Patel

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Shares of Mukesh Ambani’s Reliance Industries hit a record high on Wednesday. Thanks to which Sensex and Nifty reached new record levels. The special thing is that Sensex was seen close to 79 thousand points in the trading session. A day ago, Sensex had crossed 78,000 marks for the first time. On Wednesday there was another rise in the stock market. On the other hand, Nifty is also rapidly advancing towards 24 thousand points.

According to experts, if the rise in the stock market continues even on the expiration day, the Sensex will surpass the level of 79 thousand points. While Nifty will cross 24 thousand points. What is special is that after the election results, Sensex and Nifty have seen an increase of more than 9 percent. Let’s try to understand from the stock market data to what level Sensex and Nifty have reached.

Sensex reaches new record level

According to the data received from BSE, Sensex reached its all-time high of 78,759.40 points with an increase of 705.88 points. After the market closed, the Sensex appeared at 78,674.25 points with a rise of 620.73 points. However, on Wednesday the Sensex opened at 78,094.02 points. The special thing is that, after the election results of June 4, the Sensex reached 72,079.05 points. Since then, Sensex has seen an increase of 6,680.35 points or 9.28 percent. According to experts, Sensex may reach the level of 80 thousand points in the coming days.

Nifty also made a new album

On the other hand, Nifty, the main index of the National Stock Exchange, also marked a new record on Wednesday. During the trading session, Nifty saw a maximum rise of 168.6 points and reached a record level of 23,889.90 points. After the market close, Nifty saw a rise of 147.50 points to 23,868.80 points. However, on Wednesday Nifty opened at 23,723.10 points. After the market close on June 4, Nifty stood at 21,884.50 points. Since then, Nifty has seen an increase of 2,005.4 points or 9 per cent.

Reliance Industries shares hit record high

What is special is that on Wednesday the shares of the country’s largest company, Reliance Industries, rose by more than 4 percent and reached a record level during the trading session. As per the data received from BSE, Reliance Industries stock touched a new 52-week high of Rs 3,037 during the trading session. During the market close, shares of Reliance Industries were seen rising 4 per cent to Rs 3,027.40. A day ago, the company’s shares closed at Rs 2,908.50. With the increase in shares, the market capitalization of the company has become Rs 20,48,282.28 crore. This means that the company’s market capitalization saw an increase of Rs 80,445.52 crore on Wednesday.

Increase in these stocks too

Apart from Reliance Industries stock, a rise of 3.33 per cent has been seen in Bharti Airtel stock. On the other hand, shares of Ultra Cement closed higher by Rs 2.84. Grasit shares rose 1.51 percent. At the same time, a rise of 1.49 has been observed in Britannia shares. In contrast, shares of Apollo Hospital have fallen by more than two and a half percent. On the other hand, shares of Mahindra & Mahindra, Bajaj Auto, Tata Steel and Hindalco have seen a rise of more than one and a half percent.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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