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Share Market LIVE: Sensex, Nifty soar to fresh record high; RIL inches away from Rs 10 lakh crore mcap

The Financial Express logo The Financial Express 26-11-2019

The Sensex and Nifty continued their record run on Tuesday, after the US markets closed at fresh all-time high on Monday.

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The 30-share Sensex soared past the 41,000-mark to hit a fresh peak of 41,091, up more than 200 points from yesterday’s close of 40,889. The Nifty too hit a fresh peak of 12,127, surging past its previous all-time high record of 12,103.

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Tata Steel, Sun Pharma, ICICI Bank, Infosys were the biggest gainers, jumping up to 2.5%. The S&P 500 and the Nasdaq indexes climbed to new record highs on Monday as signs indicated the United States and China were moving closer to a trade truce, while a host of merger deals also helped buoy sentiment, Reuters reported.

India’s biggest firm by value Reliance Industries is about Rs 5,000 crore away from hitting the Rs 10 lakh crore market capitalisation, becoming the first ever Indian firm to inch closer to the landmark. Amid ongoing changes in the shareholding, Subhash Chandra on Monday resigned as Chairman of the company’s board with immediate effect.

However, he will continue as Non-Executive Director, Zee Entertainment Enterprises Limited (ZEEL) said in an exchange filing.

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“The Board accepted his resignation and noted that this is in line with the requirements of Regulation17 (lB) of SEBI Listing Regulations, which inter alia mandates that the Chairperson of the Board shall not be related to the Managing Director or the Chief Executive Officer of the Company. He will remain as Non-Executive Director of the Company,” Zee Entertainment said in a regulatory filing. 

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