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HindustanTimes Wed,03 Sep 2014

Sensex up 67 points in early trade, RIL surges over 6%

PTI   Mumbai, January 21, 2013
First Published: 09:46 IST(21/1/2013) | Last Updated: 09:49 IST(21/1/2013)

Extending gains for the third straight session, the BSE benchmark Sensex today rose by nearly 67 points in early trade on the back of a smart rally in Reliance Industries shares, after the company posted better-than-expected third quarter earnings.

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The 30-share index, which had gained over 221 points in the previous two sessions, rose by 66.79 points, or 0.33%, to 20,105.83 in early trade, led by stocks of oil and gas, power, capital goods and realty sectors.

Similarly, the wide-based National Stock Exchange index Nifty rose by 11.60 points, or 0.19%, to 6,076.00

Buying activity gathered momentum after better-than-expected third quarter earnings by Reliance Industries, brokers said.

Shares of RIL traded over 6% higher at Rs. 954.80 in early trade, after the company reported 24% jump in the third quarter net profits, the first increase after four quarters of declining returns, on the back of record earnings form oil refining business.

Meanwhile, in the Asian region, Hong Kong's Hang Seng index was, however, down by 0.28%, while Japan's Nikkei Index shed 0.85% in the morning trade today.

The US Dow Jones Industrial Average ended 0.39% higher in previous session on Friday.


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