Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty 50 extended gains and were trading over one per cent higher on Thursday. BSE Sensex was hovering around 38,660, while the broader Nifty 50 index reclaimed 11,400 level. Reliance Industries was top Sensex gainer, up over 3 per cent, hitting fresh record high today after bagging Rs 7,500 crore investment from Silver Lake. Among other gainers were IndusInd Bank, State Bank of India, Bajaj Finance, Axis Bank, Asian Paints and ONGC. On the other hand, Titan Company was the to Sensex laggard, followed Tech Mahindra, Bajaj-Auto, Tata Steel, HCL Tech and Hindustan Unilever. The trend among sectoral indices was positive, only Nifty Pharma index was ruling in the red. Nifty Bank index jumped over one per cent and Nifty Metal index too gained 0.62 per cent. While Nifty Pharma was down 0.11 per cent.
Middle East sovereign wealth funds, including the Abu Dhabi Investment Authority (ADIA) and Saudi Arabia’s Public Investment Fund (PIF), are in talks to buy stakes in the Reliance Retail, the Financial Times reported on Wednesday. ADIA is in discussions to invest about $750 million at a valuation of roughly $57 billion, while PIF could funnel as much as $1.5 billion into Reliance Retail, the FT said, citing people familiar with the matter.