Continuing its rising streak for the third straight session, the benchmark BSE Sensex surged over 150 points to close at about two-month high of 27,364.92, led by gains in Reliance Industries after the company posted its record earnings in the September quarter.
Furthermore, a mixed Asian trend on hopes that China will announce a fresh clutch of stimulus measures after data showed the economy grew at its slowest pace in six years in July-September influenced sentiment.
The BSE 30-share Sensex resumed strong at 27,305.62 and maintained its upward momentum to hit the day’s high of 27,387.91 before closing higher by 150.32 points, or 0.55 per cent at 27,364.92 — its strongest close since 27,366.07 on August 21.
The index has now gained over 585 points in the last three sessions.
The NSE Nifty index too edged up 36.90 points, or 0.45 percent, to end at 8,275.05 after moving between 8,283.05 and 8,239.20.
Reliance Industries impacted BSE and NSE most positively. It emerged as the top gainer by ending 5.61 per cent higher at Rs. 963.40 on BSE after the company reported its highest ever quarterly net profit Rs. 6,720 crore for the three months ended September 30.
Other gainers in the 30-share Sensex include Bharti Airtel, Infosys, Sun Pharma, Dr Reddy’s and Hero MotoCorp.