Share Market LIVE: Bull run continues on D-Street as Sensex ends 650 points higher, Nifty settles above 18000 – The Financial Express

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Bull run continued on Dalal Street as benchmark indices extended gains. While BSE Sensex ended over 650 points or 1.10% up at 60,395, Nifty50 reclaimed 18,000 and ended 196.80 points or 1.1% up at 18,009, led by the PSU Bank, IT, Auto, Capital Goods, Power stocks. All sectoral indices ended in the green with PSU Bank, IT, Auto, Capital Goods, Power, Bank, Realty indices up 1-3 percent. BSE midcap and smallcap indices were up 0.7-1 percent. UPL, Hero MotoCorp, Titan Company, SBI and Maruti Suzuki were the Nifty gainers. Meanwhile, Wipro, Nestle, Divis Labs, Asian Paints and Power Grid Corp were the laggards.

Shares of Reliance Industries remained in focus as Mukesh Ambani-led RIL announced late on January 8 that it had entered a pact to acquire New York-based premium luxury hotel the Mandarin Oriental. The acquisition is a part of RIL’s strategy to expand its consumer and hospitality footprint. “RIIHL (Reliance Industrial Investments and Holdings) would acquire the remaining 26.63 percent, based on the same valuation used for the acquisition of the indirect 73.37 percent stake,” RIL said in its regulatory filing. The pact to acquire New York-based premium luxury hotel the Mandarin Oriental is for an equity consideration of around $98.15 million.