Sensex climbs 168 pts on RIL earnings; positive global cues

The benchmark BSE Sensex climbed

almost 168 points in early session today as sentiments rose

with Reliance Industries' better-than-expected fourth

quarter earnings numbers which were announced yesterday.

This apart, a firming trend in other Asian markets,

taking strong cues from the US and European markets following

Emmanuel Macron's first round presidential election win in

France, boosted trading sentiments here.

The 30-share index, which had rallied 290.54 points in

yesterday's session, soared 167.59 points, or 0.57 per cent,

at 29,823.43, with all the sectoral indices led by realty,

oil k &gas, healthare and metal supporting the upside.

Similarly, the NSE Nifty spurted 44.60 points, or 0.48

per cent, to 9,262.55.

Brokers said that continued buying by domestic

institutional investors and retailers following RIL's healthy

numbers announced post trading hours yesterday, mainly lent

momentum to trading activity.

RIL shares climbed 2.18 per cent, to Rs 1,447.30, in

early trade after the company reported a 12.3 per cent jump in

its January-March quarter net profit at Rs 8,046 crore on the

back of higher refining and petrochemical margins.

Other gainers included M&M, Wipro, HDFC Ltd, L&T, ICICI

Bank, Power Grid, Lupin and Dr Reddy's.

Globally, Japan's Nikkei was up 0.84 per cent while Hong

Kong's Hang rose 0.98 per cent in early trade today. The

Shanghai Composite Index gained 0.31 per cent.

The US Dow Jones Industrial Average had ended 1.05 per

cent higher in yesterday's trade.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)