Reliance lifts benchmark indices to new highs; Sensex eyes 80k, Nifty 24k

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Reliance lifts benchmark indices to new highs; Sensex eyes 80k, Nifty 24k - Business Standard

Quick Summary:

The Sensex ended the session at 78,674, gaining 621 points or 0.8 per cent, while the Nifty 50 index ended at 23,869, up 147 points or 0.

RIL, which has the second-highest weightage in both the Sensex and the Nifty, accounted for more than half of the gains made on Wednesday.

Given the strong upward momentum, experts believe it is only a matter of days before the Sensex and the Nifty hit the 80,000 and 24,000 milestones, respectively.