Benchmark indices rebound on global trends, buying in Reliance Industries

Nifty jumps over 100 points to close past 17,100

Indian equity benchmarks logged their best gains since March 3 in the midst of gains in Reliance Industries’ (RIL’s) stocks and a rally in financial stocks after a raft of global measures to fix the West’s banking crisis provided reprieve for investors.

The benchmark S&P BSE Sensex rose 445 points to end the session at 58,074 — a gain of 0.7 per cent.

The National Stock Exchange Nifty ended the session at 17,107 — a gain of 119 points, or 0.7 per cent. 

The stock of RIL rose 3 per cent on Tuesday. It was both the best-performing Sensex stock