Reliance Industries, ICICI Bank propel Nifty to fresh record high

Since September, FPIs have pumped in net amount of Rs 37,496 crore, while domestic mutual funds invested net amount of Rs 12,618 crore in equities, Sebi data shows.

Reliance Industries (RIL) and ICICI Bank contributed more than 100 points to the Nifty 50 index which hit an all-time high of 12,132 points today.

The benchmark index surpassed its previous high of 12,103, hit on June 3, 2019 in intra-day trade, on the back of strong buying by foreign portfolio investors (FPIs).

RIL contributed 181 points, while ICICI Bank contributed 132 points of the total Nifty gain during the period. HDFC Bank, Hindustan Unilever, Housing Development Finance Corporation (HDFC) and Bharti Airtel contributed 40 – 60 points of the total benchmark index.

With today’s gain, the