Benchmark stock market indices ended higher on Wednesday, extending their strong run on Dalal Street for the fifth consecutive session. The NSE Nifty 50 and the S&P BSE Sensex both finished with gains of 0.42 and 0.45 percent respectively. This marked the first time ever that the Sensex had closed above the 67,000 mark. Some sectors that saw activity included banking, financial services, and media, along with Reliance Industries Limited (RIL).
Trend in Banking, Financial Services, and Media Sectors
Banking, financial services, and media stocks saw a rise in share prices, contributing to the overall market sentiment on Wednesday. Banking stocks like ICICI Bank, HDFC Bank, Axis Bank, and IndusInd Bank all closed the day with gains. Similarly, shares of Bajaj Finance, Kotak Mahindra Bank, and SBI Cards also saw an uptick. The Nifty Bank, Nifty Financial Services, and Nifty Media indices all closed the day with gains of 0.76, 0.75, and 0.61 percent respectively.
Reliance Industries Share Performance
Reliance share price also saw an upswing on Wednesday, closing 1.15 percent higher on the day. This was due to the company’s announcement that American private equity firm KKR had invested INR 5,550 crores in Reliance Retail Ventures Limited last week. This marked the eighth investment that RIL had attracted since October.
