Indices post biggest jump in 7 weeks; RIL, HDFC bank top gainers

The benchmark indices posted their biggest single-day gains in nearly seven weeks, amid supportive global markets and sharp gains in index heavyweights Reliance Industries (RIL)  and HDFC Bank. Ending its four-day losing streak, the Sensex surged 748 points, or 2.03 per cent, to end at 37,688.

Recouping all the losses made in the previous session, the Nifty50 index rose 211.25 points, or 1.94 per cent, to end at 11,102. Both the indices gained the most since June 18. More than three-fourths of the index gains, however, came from RIL and HDFC Bank. Shares of RIL jumped 7.1 per cent —