Sensex grows 53 pts on RIL earnings

Apr 25 2016 11:34 AM
Sensex grows 53 pts on RIL earnings

The benchmark BSE Sensex increased some 53 points in untimely session today after sentiment was boosted by Reliance Industries' encouraging fourth quarter earnings numbers, which were introduced past week.

The 30-share index, which had gone 42.24 points in the previous session on Friday, recovered 52.89 points, or 0.20 per cent, at 25,891.03, with capital goods, technology, realty, IT and banking sectors supporting the benefit.

Likewise, the NSE Nifty index edged higher by 11.70 points, or 0.14 per cent, to 7,911. Brokers said, “ selective buying by funds and retailers after better-than-expected quarterly earnings by RIL announced post trading hours on Friday, mainly influenced the trading behavior”

RIL shares climbed Rs 6.15, or 0.59 %, to Rs 1,044.90 in early trade after the company reported a 16 % jump in its fourth quarter net profit at Rs 7,398 crore on higher refining and petrochemical margins.

“Meanwhile, a frail trend in other Asian bourses restricted the rise”, the brokers added.

Japan's Nikkei cut down 0.76 % while Hong Kong's Hang Seng shed 0.55 % in early trade today. The Shanghai Composite Index fell 1.91 % The US Dow Jones Industrial Average had ended 0.12 % top in Friday's trade.

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