A sharp rally in the shares of Reliance Industries Ltd (RIL), the country's most-valuable firm, propelled the markets to fresh highs on Wednesday.
The up move was also supported by sustained gains in private sector banks and buying by foreign portfolio investors (FPIs).
The Sensex ended the session at 78,674, gaining 621 points or 0.8 per cent, while the Nifty 50 closed at 23,869, up 147 points or 0.6 per cent. Both the indices ended at fresh record highs for the ninth time this month.
Given the strong upward momentum, experts believe it is only a matter of days before the Sensex and Nifty will hit the 80,000 and 24,000 milestones, respectively.
On a month-to-date basis, both indices have gained 6 per cent, and are on course to post their best monthly gains since December 2023.
This story is from the June 27, 2024 edition of Business Standard.
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This story is from the June 27, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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