The S&P BSE Sensex rallies as much as 166 points in trade on Tuesday,led by gains in Reliance Industries, HDFC Bank, Axis Bank and SBI.
The 50-share Nifty index also managed to reclaim its crucial psychological level of 7900, supported by gains in consumer durable, banks, oil & gas and power stocks.
Reliance IndustriesBSE 1.32 % rose as much as 2.3 per cent to hit its intraday high of Rs 980,after the oil & gas major reported a 1.7 per cent rise in net profit at Rs 5,972 crore for the three months to September.
The 30-share index was at 26,494.77, up 110 points or 0.42 per cent. It touched a high of 26550.79 and a low of 26493.79 in early trade.
The Indian energy conglomerate reported a net profit of 59.72 billion rupees in the period, up from 58.73 billion rupees a year earlier.
The market breadth indicating the overall health of the market was strong with more than six gainers for every loser on BSE. Both BSE Mid-Cap and Small-Cap indices outperformed the Sensex.
The 50-share Nifty index also managed to reclaim its crucial psychological level of 7900, supported by gains in consumer durable, banks, oil & gas and power stocks.
Reliance IndustriesBSE 1.32 % rose as much as 2.3 per cent to hit its intraday high of Rs 980,after the oil & gas major reported a 1.7 per cent rise in net profit at Rs 5,972 crore for the three months to September.
The 30-share index was at 26,494.77, up 110 points or 0.42 per cent. It touched a high of 26550.79 and a low of 26493.79 in early trade.
The Indian energy conglomerate reported a net profit of 59.72 billion rupees in the period, up from 58.73 billion rupees a year earlier.
The market breadth indicating the overall health of the market was strong with more than six gainers for every loser on BSE. Both BSE Mid-Cap and Small-Cap indices outperformed the Sensex.
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