Indian shares gain as Reliance and financial stocks rise
- 24 Dec 2020
Gulf Today Report
Indian shares advanced on Thursday as Reliance and financial stocks gain and news on upcoming Brexit deal encourages investors.
The NSE Nifty 50 index rose 0.88% to 13,720.50 by 05:05 GMT and was set for its third straight day of gains while the benchmark S&P BSE Sensex was up 0.85% at 46,838.98.
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In Mumbai trading, Reliance Industries rose to 1.35%. The Nifty Energy index gained 1.4%, led by a 5% jump in Oil and Natural Gas Corp.
The Nifty's banking, PSU Bank, and financial indexes rose between 1.25% and 1.68%.
Harendra Kumar, managing director of institutional equities at Elara Capital said, Reliance and financial stocks are catching up to a broader rally.
