RISING for the third straight session, benchmark stock index Sensex rallied 1,233 points to close at a more than seven-week high, while Nifty ended above 23,400 on Monday after sharp gains in Reliance Industries following its earnings and cooling crude oil prices. Rallying for the third day, the 30-share BSE Sensex jumped 1,233.25 points, or 1.66 per cent, to settle at the day’s high of 75,692.78, a level not seen since September 7. The 50-share NSE Nifty surged 387.70 points, or 1.68 per cent, to end at the day’s high of 23,440.80, also the highest closing level in more than five weeks.

 

From the 30 Sensex firms, Reliance Industries surged 11.64 per cent after the firm posted a record quarterly profit of Rs 29,550 crore for July-September, up 33.8 per cent from the yearago period, as its oil-to-chemicals business rode a surge in global fuel margins and growth in its telecom arm offset the relatively subdued performance in retail. Tata Steel, UltraTech Cement, State Bank of India, NTPC and MarutiSuzukiwerealsoamongthe gainers. Infosys, Kotak Mahindra Bank, ICICI Bank and Sun Pharma were among the laggards. Brent crude, the global oil benchmark, tanked 4.46 per cent to USD 108.7 per barrel. Foreign Institutional Investors (FIIs) bought equities worth Rs 3,598.54 crore on Friday, according to the exchange data.