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Heavyweight play lifts indices: Sensex up 646 pts, Nifty ends above 11,400

Amazon deal, rally in US bourses propel Indian markets to log biggest gains since August 4

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Shares of RIL rose 7 per cent to end at a new record of Rs 2,315. Incidentally, the company’s shares had rallied over 7 per cent on August 4 as well

Sundar Sethuraman Thiruvananthapuram

3 min read Last Updated : Sep 11 2020 | 12:41 AM IST

Indian shares rose on Thursday for the first time in three days, boosted by a jump in the shares of Reliance Industries (RIL), India’s most valuable company, on reports that e-commerce giant Amazon was looking to acquire a stake in the firm’s retail arm.

Added to this was a sharp rally in the US markets on Wednesday, which sent stock markets across Asia higher as risk appetite got a boost.

The benchmark Sensex closed at 38,840, up 646 points or 1.7 per cent. While the Nifty rose 171 points, or 1.5 per cent, to end at 11,449. This was the

Topics : Markets stock market Reliance Industries

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