Sensex Surges racking global cues, Reliance Rallies


Key frontline indices were trading higher, led by strong global cues. At 10.20-am, the Sensex was trading with gains of 465-pts, while the NSE Nifty was higher by 135-pts at 9333.70.

Major gainers in the Nifty were Dr.Reddy, ICICI Bank, Reliance and HUL, while main losers included NBTPC, power grid and M&M.

Shares in ICICI Securities climbed 4.35-pc after the brokerage firm reported a 28-pc jump in PAT at Rs.156-cr for the March quarter.

Reliance Industries also gained 3.16-pc, on Vista Equity deal, while shares of Asian Paints rose marginally by 0.32-pc amid reports of stake sale by Reliance. Get more information on Best Intraday Nifty tips and Free stock tips seek expert from our website.

Hindustan Unilever (HUL) climbed up 3-pc, after Glaxo-Smith-Kline Plc said it has offloaded its 5.7-pc stake in Indian FMCG for about Rs25,480-Cr.

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