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gossips
The Indian stock market continued its strong momentum for the second consecutive day, with both benchmark indices — Sensex and Nifty — touching fresh 52-week highs during Thursday's session. The Sensex eventually closed 446.21 points higher at 85,632.68, while the Nifty gained 139.50 points to settle at 26,192.15.
Buying interest in oil & gas stocks and select financial sector companies played a key role in lifting the market. Additionally, renewed Foreign Portfolio Investor (FPI) buying and positive cues from major global markets supported the upward trend.
Technical analysts believe that if the market continues without major disruptions, the Sensex could climb to 91,500 points by the end of this year.
Reliance Industries delivered a strong rally, with its stock jumping up to 2.42% to reach ₹1,550.90 on the BSE during the day. This pushed the company’s market capitalization to a record ₹21 lakh crore. The stock finally closed at ₹1,549.10, up 2.01%, ending the day with a market value of ₹20.96 lakh crore.
Power Mech Projects has announced plans to increase its borrowing limit from ₹5,000 crore to ₹7,500 crore. The company has initiated an e-voting process to gain shareholder approval. Investors can cast their approval or rejection through e-voting between November 21 and December 20, as stated by the company.
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