Sensex ends higher; Reliance Industries leads after Jio Phone launch

The gauge had lost 50.95 points yesterday. The stock had, however, underperformed the market over the past one quarter, gaining 7.6% as against the Sensex's 8.44% rise.

The broader NSE Nifty closed up 0.42 per cent at 9,915.25, while the benchmark BSE Sensex finished 0.39 per cent higher at 32,028.89.

The 30-share index bounced 131.48 points, or 0.41 per cent, at 32,035.88.

"Market was enthused today by Jio's rapid expansion and innovative plan..."

"Shares of Wipro, India's third largest IT firm, traded higher by 7.06 per cent to Rs 288 after the company on Thursday posted a 1.2 per cent rise in its consolidated net profit at Rs 2,076.7 crore for June quarter", Desai said. Wipro had on Thursday proposed to buy back almost 344 million shares of Rs 2 face value for Rs 11000 crore ($1.7 billion) at Rs 320 per share.

Other gainers included Coal India, Tata Consultancy Services, Infosys up between 1 percent to 2 percent.

Читайте также: Theresa May says election night made her 'shed a little tear'

Shares of telecom companies struggled after Reliance Industries today announced the launch of the much-awaited 4G feature phone at the company's 40th annual general meeting. European equity markets were trading higher in early afternoon trade.

Asian shares ended lower after the European Central Bank announced no changes to its stimulus policies, but European shares traded higher.

Reliance gained 3.7 per cent, but its telecom rivals slumped, with Bharti Airtel ending down 2 per cent and Idea Cellular falling 3.3 per cent.

In investments, provisional data with the exchanges showed that foreign institutional investors (FIIs) purchased scrip worth Rs 12.90 crore, while domestic institutional investors (DIIs) bought stocks worth Rs 147.66 crore.

On the BSE sectoral front, IT rose 1.66 per cent and so did consumer durables, oil and gas and banking.

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