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Reliance Industries leads Sensex rally MUMBAI: The Bombay Stock Exchange benchmark index, Sensex, on Monday rose by 158 points to close at a five-week high after strong gains in market leader Reliance Industries counter and positive cues from global markets. Reliance Industries led the rally as the scrip gained 3.31 per cent to Rs. 2,195.50 after it had said that it had submitted a bid to acquire the world’s third-largest petrochemical company LyondellBasell. The BSE barometer settled at 17180.18, a rise of 158.33 points over the previous close. The 30-share index had risen by 236 points in the last session. Brokers said investors remained bullish and rolled over positions to next derivatives series ahead of the expiry of November contract on Thursday, supporting the uptrend. European markets gained up to 1.70 per cent in early trade on signs about the economic recovery gathered pace. The broader Nifty of the National Stock Exchange jumped 51.10 points to close at 5103.55. Rupee extends 14 paise Extending its rally for the second consecutive day on Monday, the rupee gained 14 paise against the dollar and closed at 46.47/48 on sustained dollar selling and firm trend in domestic bourses. The rupee drew support from weakness in dollar against other major global currencies. The domestic unit moved in a range of 46.41 and 46.59 after resuming firm at 46.50/51 a dollar against last Friday’s close of 46.62. Back |
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