Sensex jumps over 1,000 points as Reliance Industries shares surge
Benchmark indices rose on Monday following a rally in Reliance Industries shares and foreign fund inflows.
The Sensex and Nifty surged in early trade on Monday, according to The Indian Express. The Sensex, which opened with a gain of 764.72 points, saw its margin expand to over 1,000 points by around 10 am.
Reliance Industries shares rose by more than 6 per cent after the company reported a record quarterly profit of Rs 29,550 crore for the July-September period. This represents a 33.8 per cent increase year-on-year.
Other gainers included NTPC, Tata Steel, Power Grid, Maruti, and SBI. Conversely, Sun Pharma, Tech Mahindra, Titan, and Infosys traded lower.
The market rally tracked lower crude oil prices and gains in Asian markets. Brent crude fell 3 per cent to USD 110 per barrel.
Exchange data showed that Foreign Institutional Investors bought equities worth Rs 3,598.54 crore on Friday.