The BSE Sensex rose on Thursday to its highest close in a week as Reliance Industries rose a day before its quarterly earnings, while hopes for policy reforms boosted sectors expected to benefit such as airlines.
Reliance Industries rose 1.8 percent ahead of its April-June quarter earnings on Friday, helped after Nomura upgraded the stock to 'outperform', citing valuations and benefits from a weak currency.
However, Maruti Suzuki shares slumped 8.9 percent, posting its biggest daily percentage fall since July 26, 2010, after halting production at a factory in north India because of labour unrest.
The 30-share BSE Sensex rose 0.55 percent to 17,278.85 points, its highest close since July 11.
The 50-share Nifty rose 0.51 percent to end at 5,242.70 points.