Market scales 4-mth high on global rally, easing Indo-China tensions

Sensex rallied in early trade led by gains in HDFC twins, ITC and Reliance Industries amid positive cues from global markets.
Sensex rallied

Mumbai, Jul 6 (PTI) Market benchmarks Sensex and Nifty hit their four-month highs on Monday, tracking upbeat global bourses and signs of easing tensions between India and China.

The BSE gauge Sensex closed 465.86 points, or 1.29 per cent, higher at 36,487.28; while the NSE barometer Nifty settled 156.30 points, or 1.47 per cent, up at 10,763.65.

Both Sensex and Nifty logged their fourth consecutive gains, helped mainly by index heavyweights Reliance Industries (RIL) and HDFC Bank.

RIL shares zoomed 3.57 per cent to close at an all-time high of Rs 1,851.40 per unit helping the company’s market valuation surge to Rs 11.73 lakh crore.

In terms of percentage gains on the Sensex, Mahindra and Mahindra topped the chart with over 7 per cent rise, followed by Bajaj Finance, RIL, Maruti, TCS, HDFC Bank and Tata Steel.

Source: PTI

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