Nifty posts biggest gain in over four months

Supply of new paper could cap further gains; FIIs continue to sell equities

The National Stock Exchange’s benchmark Nifty index on Thursday posted its biggest single-day gain since May 25 to close decisively above the psychologically-important 10,000 level. The gains were led by a nearly four per cent rally in index heavyweight Reliance Industries, which closed at a new lifetime high of Rs 875.60. 

The 30-share Sensex gained 348 points, or 1.1 per cent, to close at 32,182, after climbing to 32,210 during the day. The Nifty closed at 10,096, less than 60 points, or 0.6 per cent, shy of a new record high. 

The gains were also supported by positive global cues, with US