Live Stock Market Updates: Nifty moves higher; Reliance hit record

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Money Maker Research, portfolio Manager,After moving in narrow range in mid-morning trade, the benchmark indices registered fresh intraday high in early afternoon trade. At 12.40 am, the BSE Sensex, was up 219.85 points or 0.74% at 29,875.69, while the Nifty-50 index was up 67.25 points or 0.73% at 9,285.20. The Nifty clocked a record high momentum in early afternoon trade. Positive leads from Asian stocks triggered investors sentiment.

Sentiments rose with Reliance’s robust Q4 earnings numbers which were announced yesterday. The constant buying by domestic institutional investors Reliance’s healthy numbers, mainly lent force to trading activity. Reliance’s shares climbed 2.18%, to Rs. 1,447.30, in early trade after the company announced a 12.3% surge in its January -March quarter net revenue at Rs 8,046 crore on the back of higher refining and petrochemical margins.

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