Home / Business / Sensex up 143 points in early trade; RIL up 1.68 pc

Sensex up 143 points in early trade; RIL up 1.68 pc

Mumbai (PTI): The BSE benchmark Sensex rose nearly 143 points in early trade today with Reliance Industries leading the rally as it posted better-than-expected second quarter earnings. Reuters File Image.

The BSE benchmark Sensex rose nearly 143 points in early trade today with Reliance Industries leading the rally as it posted better-than-expected second quarter earnings.

Besides, a firming trend in the global markets also buoyed the trading sentiment here.

The 30-share index, which had gained 712.44 points in the previous five sessions, rose further by 142.95 points, or 0.69 per cent, to 20,750.49, with stocks of oil and gas, realty, IT, auto and banking sectors leading the rise in early trade.

On similar lines, the National Stock Exchange index Nifty rose by 36.75 points, or 0.60 per cent, to 6,149.45.

Buying activity gathered momentum after Reliance Industries posted better-than-expected second quarter earnings, brokers said.

A firming trend in the Asian region spurred by hopes of a deal to end a US government shutdown and raise its borrowing limit further generated buying by participants, they said.

Stock of Reliance Industries climbed 1.68 per cent to Rs 884.90 in early trade after the company reported a 1.5 per cent increase in net profit.

Profit rose to Rs 5,490 crore in July-September quarter from Rs 5,409 crore in the year-ago period.

Stocks of TCS continued to rise ahead of second quarter results and rose 1.79 per cent to trade at a fresh 52-week high of Rs 2,254.20. Wipro gained 2.02 per cent to Rs 511, while Infosys was up by 0.41 per cent to Rs 3,337.

In the Asian region, Hong Kong’s Hang Seng index was up 0.53 per cent, while Japan’s Nikkei Index gained 0.52 per cent in the morning trade today.

The US Dow Jones Industrial Average ended 0.42 per cent higher in yesterday’s trade.

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