Reliance, Hero MotoCorp lead rise in India's stock benchmarks

Hero Motocorp

20/11/2025 06:13

** India's equity benchmarks Nifty 50 .NSEI and Sensex .BSESN rise about 0.3% each, inching towards record high, led by Reliance and Hero MotoCorp on improving earnings outlook

** Twelve of the 16 major sectors advance; the broader mid-caps .NIFMDCP100 and small-caps .NIFSMCP100 rise about 0.4% each

** Index heavyweight Reliance Industries RELI.NS rises 1.5% to a 5-month high on upbeat views of UBS and Motilal Oswal on future earnings in oil-to-chemicals and new energy businesses, respectively

** Two-wheeler maker Hero MotoCorp HROM.NS gains 2.7% to 14-month high on rating upgrades by Macquarie and J.P.Morgan

** A combination of recovering profit in Indian corporates along with more reasonable valuations and improving flows could bring an end to market consolidation, boosting markets, says Rahul Singh, chief investment officer of equities at Tata Asset Management

** Among stocks, drug maker Biocon BION.NS dips 4.2% after Citi double downgrades to "sell" from "buy", citing pricing pressures and intensifying competition in biosimilars

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))