Sensex closed at 29,943 levels, Nifty above 9300 for first time ever, RIL rise 3.4%

The benchmark indices NSE Nifty-50 index closed at 9,306, higher by 88.65 points or 0.96%, whereas the Sensex closed at 29,943.24, higher by 287.40 points Nifty closed above 9,300 for the first time since April 12, 2017. Nifty bank, Sensex and  Nifty Midcap closed at their ever high levels today. The BSE Mid-cap Index closed up by 0.9% at 14,625 whereas the BSE Smallcap Index closed up by 0.8% at 15,291.
Bharti  Infratel  Ltd was the top Nifty gainer while, Tata Power was the top Nifty loser. Reliance Industries Limited (RIL) climbed nearly 3.4% to its highest since May 2008, keeping it the biggest gainer on the NSE index, after the company on Monday posted a 12.8% rise in Q4 profit, beating expectations.
Bank stocks finished recorded  a strong note with  share price of Bank of India and Axis Bank leading the gains. There were 884 advancing shares , 777 declining stocks and 297 unchanged stocks on NSE.  A bullish undertone floated in the market.
The Indian rupee strengthened to as much as 64.2750 per dollar. Oil prices were trading at USD 49.34.

Sensex up 17 points, Nifty closes above 9,100; Power Grid gains

Key benchmarks ended the Wednesday on a positive note, with the Sensex rose up 17.47 points at 29,336.57, while the NSE Nifty-50 Index was down 1.65 points at 9,103.50. The broader market was depicted strength with the BSE Midcap having gained 0.7% while BSE Smallcap gained 0.8%.

The market breadth was positive, with a number of 1,615 advancing shares against a decline of 1,223 nos, while 181 shares were unchanged, reflecting bullish sentiments floating in the market.

Shares of Power Grid Corpn gained 4.25% to Rs. 210.95, while IndusInd Bank shed 0.68%.  BHEL, Adani Ports, Bharti Infratel and Power Grid were the top gainers on both BSE and NSE, while Hero MotoCorp, Aurobindo Pharma and SBI were the laggards.

European shares were trading on higher note while the Asian stocks edged lower after British Prime Minister Theresa May decided to hold early elections.