Sensex gains 103 points; RIL soars to eight-year high over Jio announcement
Markets ended higher for the fifth straight day.
Markets ended higher for the fifth straight day, with the Sensex rising over 103 points to end at an over five-month high of 28,864.71.
RIL soared to about eight-year highs following its telecom unit Reliance Jio announcing data tariff plans. The Sensex opened higher at 28,822.40 and stayed in the positive terrain throughout the session to hit a high of 28,963.52. It finally ended 103.12 points, or 0.36% higher at 28,864.71.
This is its highest closing since September 8 last year when it ended at 29,045.28. The 50-share NSE Nifty ended at 8,926.90, up 19.05 points or 0.21%, after moving between 8,960.75 and 8,905.25.