IT, Private Banks, RIL, HUL help Sensex to hit record high
Shares of heavyweight companies from the information technology (IT) sector, private banks along with Reliance Industries (RIL) and Hindustan Unilever(HUL) have helped the S&P BSE Sensex hit a record high of 36,463 on Thursday. The benchmark index surpassed its previous high of 36,2443.98 recorded on January 29, 2018. Nifty 50 index, which touched high of 11,015.45 in intra-day trade today, is 1.4% away from its all-time high of 111,71.55 recorded in January this year. Besides Tata Consultancy Services (TCS) and Infosys from the IT pack, a rally in Kotak Mahindra Bank, IndusInd Bank and HDFC Bank from private banking space, Asian Paints and Mahindra & Mahindra (M&M) are some of the stocks that helped the S&P BSE Sensex record a new high today.
ARTICLE SOURCE: BS