New Highs: Sensex hits 58,500; RIL shares surge
Sensex gainers were - Reliance Industries skyrocketing nearly 3% followed by L&T surging 1.5%. Stocks like Bajaj Finserv, Bajaj Auto, M&M, and Bajaj Finance climbed more than 1% each.
Sensex gainers were - Reliance Industries skyrocketing nearly 3% followed by L&T surging 1.5%. Stocks like Bajaj Finserv, Bajaj Auto, M&M, and Bajaj Finance climbed more than 1% each.
The lot size has been reduced to 50 from the existing 75, NSE said in a circular on Wednesday.
Nifty 50 witnessed 53 per cent pull-back since June 1,2020 with the onset of unlocking and business resumption activity in India.
IndusInd Bank was leading the top gainers on the BSE, followed by Axis Bank, M&M and ICICI Bank.
Zee Entertainment (10.34%), Adani Ports (1.62%), Eicher Motors (1.58%), Larsen (1.57%) and ICICI Bank (1.36%) were among major gainers on the Nifty.
As of 1225 Hrs, the Sensex traded 305.06 points or 0.75 per cent higher at 40771.35 and the NSE Nifty 50 index was up 84 points or 0.70 per cent at 12,204.
The exclusion of IndiaBulls Housing Finance will take effect from September 27.
A sharp fall in crude oil prices along with continuous foreign fund inflows helped the major indices -- Sensex and Nifty -- to gain over 0.50 per cent each on Wednesday.
In the BSE Sensex, 18 stocks, including Coal India, NTPC, were trading in red while 10 stocks including Yes Bank and ITC were trading in green.
Forex traders said increased demand for the US currency from importers and concerns around the rift between the government and the RBI weighed on the local unit.
