RIL, Kotak Mahindra Bank fuel Sensex gains
Photo Credit: Reuters

Indian shares ended higher on Monday, supported by solid gains in oil-to-retail conglomerate Reliance Industries Ltd, while Kotak Mahindra Bank closed at an over six-week high after reporting strong quarterly results.

The broader Nifty ended 0.5 percent firmer at 10,961.85, while the benchmark Sensex ended 0.53 percent higher at 36,578.96, its best closing level since Sept. 25, 2018.

Reliance Industries, India's biggest company by market value, led the gains, ending up 4.5 percent at its best closing level since September 28. This is the stock's second straight session of gains after reporting record quarterly results.

Kotak Mahindra Bank closed up 2.2 percent after posting a 23 percent rise in third-quarter net profit.

Leave Your Comment(s)