Reliance posts record quarterly profit, sparking sharp rally in Indian indices
Reliance Industries reported its highest-ever quarterly profit of Rs 29,550 crore, a 33.8% year‑on‑year increase. The earnings lift drove the Sensex up 764.72 points to 75,216.80 and the Nifty up 201.40 points to 23,255.90 in early trade, while Reliance shares closed 11.60% higher at ₹1,300.00. Lower Brent crude to about $110 per barrel and foreign fund buying added to the market optimism.
Why it matters
The record profit and Reliance’s 7.3% weight in the Nifty made it the biggest contributor to the index gains, supporting broader equity sentiment. The rally also benefits investors with exposure to heavyweight stocks and may sustain inflows into Indian markets.
Key facts
- 1The Sensex jumped 764.72 points to 75,216.80 in early trade. orissapost.com
- 2The Nifty rose 201.40 points to 23,255.90 in early trade. orissapost.com
- 3Reliance posted a record quarterly profit of Rs 29,550 crore, up 33.8% YoY. orissapost.com
- 4Reliance shares closed up 11.60% at ₹1,300.00. indiainfoline.com
- 5Brent crude fell to about $110 per barrel. orissapost.com
- 6Foreign Institutional Investors bought equities worth Rs 3,598.54 crore on Friday. orissapost.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.