Economic News

Sensex rises 186 pts; RIL rallies 4 pc to all-time high

Mumbai, Nov 19: Market benchmark Sensex rose by 186 points on Tuesday, tracking substantial gains in index heavyweights Reliance Industries and Bharti Airtel amid positive cues from global equities.



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The 30-share index ended 185.51 points, or 0.46 per cent, higher at 40,469.70. It hit an intra-day high of 40,544.13 and a low of 40,290.21. As many as 11 of 30 Sensex stocks ended in green.

Similarly, the broader NSE Nifty rose 55.60 points, or 0.47 per cent, to end at 11,940.10.

Reliance Industries led the gains on Sensex, rallying nearly 4 per cent as it touched its life-time high of Rs 1,514.95 (intra-day). It became the first Indian company to hit the Rs 9.5 lakh-crore market capitalisation level.

Shares of Bharti Airtel soared 7.36 per cent and Vodafone Idea rallied 34.68 per cent after both the companies announced a hike in mobile phone call and data charges from December.

Axis Bank, PowerGrid, Tech Mahindra, SBI, IndusInd Bank and Infosys were among the other gainers.

On the other hand, Yes Bank dropped 2.66 per cent to emerge as the biggest Sensex loser, M&M fell by 2.19 per cent, and Tata Steel by 2.02 per cent. TCS, Tata Motors and Hero MotoCorp also declined.

Elsewhere in Asia, bourses in Shanghai and Hong Kong settled significantly higher while those in Tokyo and Seoul settled in the red.

European equities were trading on a positive note in their respective early deals.

Meanwhile, the Indian rupee depreciated by 17 paise to 71.86 against the US dollar in intra-day trade.

Brent crude futures, the global oil benchmark, fell 0.83 per cent to USD 61.92 per barrel.


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