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Sensex and Nifty climb for fourth straight session on strong bank & Reliance earnings
Sensex and Nifty rose for the fourth day in a row, aided by strong Q2 earnings from Reliance and HDFC Bank.
India’s benchmark indices extended their gains for a fourth consecutive trading day, with the BSE Sensex rising about 411 points (+0.49%) to 84,363 and the Nifty 50 crossing 25,843. The rally was powered by strong Q2 earnings from heavyweights such as Reliance Industries Ltd. and HDFC Bank, which reported better-than-expected performance. Banking stocks broadly outperformed, although some sub-segments took a breather. Domestic Institutional Investors (DIIs) and Foreign Institutional Investors (FIIs) contributed to the momentum, and market participants noted that the upcoming special Muhurat trading session adds a festive-led boost to sentiment.