Taking Stock | Positive global cues, RIL HUL lift Indian indices

Taking Stock | Positive global cues, RIL HUL lift Indian indices





Stock Market Today:



The Indian equity benchmarks were on a roll on April 28 propelled by positive global cues, continued investor interest in Reliance Industries (RIL) which became the first Indian company to cross $250 billion market cap, and a strong showing by Hindustan Unilever Ltd (HUL) in Q4FY22.

The 30-pack BSE Sensex came within the striking distance of the psychological 57,800-mark before paring gains and closed the day with a gain of 701.67 points or 1.23 percent up at 57,521.06.

All sectors took part in today’s rally that helped the Nifty close 206.65 points or 1.21 percent higher at 17,245.05 levels.

The Indian market reacted positively to global cues in the morning as Asian peers traded positive after the Bank of Japan kept the interest rates steady, as the Sensex opened 476.92 points higher; however, it pared most of the gains to touch an intra-day low of 56,936.94.

Strong buying in Energy and FMCG led by RIL and HUL stocks lifted the markets higher from the second hour of the trade as it touched the day’s high of 57,790.85. Profit booking in the last 30 minutes of the session caused Sensex to erase some of the gains made earlier.

The Nifty opened