Indian equity benchmarks the Sensex and the Nifty ended higher on May 8, supported by strong gains in heavyweights such as Reliance Industries and Hindustan Unilever, as positive Asian peers underpinned investor sentiment.
The Sensex rose 199 points to 31,642, while the Nifty closed 52 points higher at 9,251.
The broader markets underperformed, as the BSE midcap index closed 0.04 percent up while the smallcap index ended 0.45 percent lower.
trong gains in shares of Reliance Industries gave a boost to the Sensex on May 8. The stock saw strong gains as US-based private equity fund Vista Equity Partners picked up a 2.32 percent stake in the company’s Jio Platforms for Rs 11,367 crore at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.
Top Nifty gainers included Hindustan Unilever, Sun Pharmaceutical Industries and Dr. Reddy’s Laboratories.
Top Nifty losers included NTPC, Mahindra & Mahindra and Axis Bank.