Indices rally for 3rd day; Reliance Inds surges over 11% intraday
Mumbai, Nov. 2 -- The domestic equity benchmarks ended with major gains on Monday, extending their winning streak to a third consecutive session. The rally was supported by declining crude oil prices, strong Q2 earnings from Reliance Industries and Jio Platforms, and renewed foreign investor buying supported the rally. Improved sentiment was further aided by expectations of long-term capital gains tax relief, a stronger rupee and easing bond yields. Weakness in global AI-linked stocks further supported Indian equities. The Nifty ended above the 23,400 level.
Oil& gas, consumer durables and metal shares advanced while media, IT and private bank shares declined.
As per provisional closing data, the barometer index, the S&P BSE Sensex jump...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.