Monday, October 19, 2015

Sensex extends gains

India's stock markets rose for a third consecutive session on Monday as Reliance Industries Ltd (RELI.NS) surged after posting a stronger-than-expected quarterly profit, while sentiment was supported after Chinese economic growth data eased fears of a hard landing. Reliance Industries jumped 5.6 per cent after saying on Friday that its July-September consolidated net profit rose more than expected. Investors were also comforted after China's economy grew slightly better than forecasts in the July-September quarter. The broader Nifty rose 0.45 per cent to end at 8,275.05, bringing its overall gain in the three sessions to Monday to 2.1 per cent. The benchmark BSE Sensex rose 0.55 per cent to end at 27,364.92. It has advanced 2.2 per cent since Thursday, according to Reuters.



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