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Stock Market Highlights: Sensex ends 390 pts higher and Nifty50 above 16,700 — Reliance rises ahead of results – CNBCTV18

Reliance Results Highlights:

Oil-to-telecom conglomerate Reliance Industries on Friday reported a 10.8 percent sequential rise in net profit to Rs 17,955 crore for the April-June period, driven by growth across segments. Reliance said its oil-to-chemicals (O2C) business clocked a record quarterly revenue in a volatile environment, and its digital arm — Reliance Jio Infocomm — saw an increased in average revenue per user (ARPU) on account of customer engagement and mix. Earlier in the day, Indian equity benchmarks clocked three-month closing highs, continuing to rise for the sixth session in a row, led by financial, oil & gas, FMCG and auto shares.

First Published:  IST