Share Market closes on 5 month high

The domestic stock market closed at a 5-month high on the strength of Reliance Industries’ stock. Before the results of TCS, the market was lively all day long. At the end of the trading, the Sensex closed at 36240, up by 305 points. For the first time since February 1, 2018, the Sensex touched 36,000 level. At the same time, the Nifty also reached near 10950. Closed at the level of 10947 with a gain of 94 points. During this time, Reliance Industries shares have risen more than 2.5 per cent.

IT and Bank Stocks Demand Increase

During the business, there was tremendous buying in IT and banking shares. The result of TCS is likely to be better than expected. This is the reason why stocks of other IT companies also showed steady growth. HCL Tech, Sterlite Technologies got a boost of up to 7%.

High Performing Shares

During the turnover, stocks of HCL Tech, Adani Ports, Hindalco, Infosys, RIL, ONGC, Sterlite Technology, DBL, Reliance Naval and Warkangi are up 7 percent. At the same time, stocks of Yes Bank, Axis Bank, Avanti Feeds, Hexaware, Hindustan Petroleum, Vedanta Limited, Asian Paints, GPPL and Shopper Stop fell by 2.5 per cent.

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