TIL Desk/Business/Mumbai/ The benchmark Sensex rallied over 131 points above the 32,000-mark today as Reliance Industries’ reported its highest quarterly earnings. The numbers came in after market hours yesterday. Besides, better-than-estimated results by Wipro gave investors more confidence.
The 30-share index bounced 131.48 points, or 0.41 per cent, at 32,035.88. The big movers were IT, technology, oil and gas and realty. The gauge had lost 50.95 points yesterday. The NSE Nifty gained 26.65 points, or 0.26 per cent, to 9,899.95.
According to traders, ample liquidity from foreign funds and increased buying by retailers following RIL’s robust numbers provided a perfect platform.
The stock of RIL, a market heavyweight, soared 2.03 per cent, to Rs 1,559.75, in early trade after the company yesterday reported its highest quarterly consolidated net profit of Rs 9,108 crore in three months to June on the back of higher petrochemical margins and one-time gain from sale of African asset.
