Sensex Surges 874 Points, Nifty Settles Near 17,400; Reliance Industries Hits All-Time High

Indian equity benchmarks on Thursday settled higher for the second consecutive session, led by gains in almost all sectors.

Also, index heavyweight Reliance Industries (RIL) surged for the third straight day to settle at Rs 2,782.15. The stock touched an all-time high of Rs 2,788.80 in intraday deals.

The 30-share BSE Sensex zoomed 874 points or 1.53 per cent to close at 57,912, while the broader NSE Nifty moved 256 points or 1.49 per cent higher to close at 17,393.

Mid- and small-cap shares finished on a positive note as Nifty Midcap 100 index rose 1.07 per cent and the small-cap gained 1.55 per cent.

14 out of the 15 sector gauges -- compiled by the National Stock Exchange -- ended in the green. Sub-indexes Nifty Auto and Nifty Financial Services outperformed the index by rising as much as 2.23 per cent and 1.54 per cent, respectively.

On the stock-specific front, Eicher Motors was the top Nifty gainer as the stock surged 4.36 per cent to Rs 2,647.35. Coal India, M&M, Adani Ports and Kotak Mahindra Bank were also among the gainers.

The overall market breadth stood positive as 2,309 shares advanced while 1,109 declined on BSE.

On the 30-share BSE index, M&M, Maruti, Bajaj Finserv, Asian Paints, Reliance Industries, Kotak Mahindra Bank, HDFC, TCS, Sun Pharma and Infosys were among the top gainers.

HDFC twins (HDFC and HDFC Bank) also settled higher for the second consecutive session today. HDFC Bank climbed 1.45 per cent to close at 1,374.25, while HDFC rose 2.25 per cent to Rs 2,230.75.

In contrast, Bharti Airtel, Nestle India and Tata Steel settled in the red.