Sensex soars 150 points

MUMBAI: Market continued its winning spell for the third straight session on Monday as the benchmark BSE Sensex rose over 150 points to end at 27,364.92 — a two-month high — after RIL drove the show following its record quarterly earnings announced on Friday.
Asian markets ended on a mixed note after China’s September quarter GDP data showed that the world’s second-largest economy grew better than expected amid lingering concerns.
Reliance Industries emerged as the top gainer, ending 5.61 per cent up 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.
A pick-up in buying activity ensured the 30-share barometer after hitting the day’s high of 27,387.91 settled at 27,364.92, up 150.32 points, or 0.55 per cent — 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 too gained 36.90 points, or 0.45 per cent, to end at 8,275.05 after trading between 8,283.05 and 8,239.20.
A stronger rupee, at 64.80, remained in a sweet spot, which pushed up buying activity. —PTI

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