Indian shares rise on Reliance, financials boost

Mrs. Bectors Food Specialities

24/12/2020 04:04

BENGALURU, Dec 24 (Reuters) - Indian shares advanced on
Thursday on the back of gains in Reliance Industries and
financial stocks, as news that a Brexit trade deal was close
boosted investor sentiment ahead of the Christmas holiday.
    The NSE Nifty 50 index  .NSEI  rose 0.64% to 13,688.60 by
0352 GMT and was set for its third straight day of gains, while
the benchmark S&P BSE Sensex  .BSESN  was up 0.63% at 46,742.16.
    Britain and the European Union were on the cusp of striking
a narrow trade deal on Thursday, media reports said, boosting
Asian equities.  urn:newsml:reuters.com:*:nL4N2J405R
    In Mumbai, shares of India's most valuable company, Reliance
Industries  RELI.NS , gained nearly 1%.
    The Nifty's banking  .NSEBANK , PSU Bank  .NIFTYPSU ,  and
financial  .NIFTYFIN  indexes rose between 0.8% and 1.5%.
    Shares of Bharti Airtel Ltd  BRTI.NS  rose as much as 2.5%
and were among the top three percentage gainers on the Nifty 50
index. 
    The telecom operator added 3.67 million new customers in
October, the highest among other telecom operators in the
country, data showed on Wednesday.  urn:newsml:reuters.com:*:nL4N2J32KN
    Bucking the trend, the Nifty IT index  .NIFTYIT  inched 0.3%
lower after hitting record peaks in the previous two sessions.
    Biscuit maker Mrs Bectors Food Specialities  MRSB.NS  is
slated to make its market debut later on Thursday.

 (Reporting by Chandini Monnappa in Bengaluru; Editing by Aditya
Soni)
 ((Chandini.M@thomsonreuters.com; +918061822697;))