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Market LIVE: Nifty hits record high, Sensex tops 51,450 on positive global cues; SBI, RIL shares up over 1%

Barring Nifty Pharma index, all the sectoral indices were trading with gains.

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading over half a per cent higher on Friday, on the back of positive global cues. Nifty hit an intra-day record high of 15,455, crossing the earlier level of 15,431.75 touched on February 16 this year. BSE Sensex was hovering around 51,450. ONGC, Housing Development Finance Corporation (HDFC). Reliance Industries Ltd (RIL), Titan Company, State Bank of India (SBI) were among top Sensex gainers. Stocks of Sun Pharma, Dr Reddy’s Lab, M&M, Nestle India, Bajaj-Auto among others were top index laggards, capping the gains in Sensex. Barring Nifty Pharma index, all the sectoral indices were trading with gains. Nifty Bank index gained nearly one per cent, while Nifty Metal index was top gainer, up 2.53 per cent.

After nearly eight months, Union Finance Minister Nirmala Sitharaman will chair the 43rd Goods and Services Tax (GST) Council meeting via video conferencing at 11 am in New Delhi on May 28, 2021. The meeting will be attended by MOS Anurag Thakur besides Finance Ministers of States and UTs and Senior officers from Union Government and States. The GST Council is required to meet once in every quarter. The last meet was held on October 5, which then got extended and ended on October 12, 2020, to finalise contours of borrowings by states to meet shortfall in tax revenues.

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