Sensex, Nifty extend rally; Reliance, ITC, HDFC twins lead

Equity benchmarks extended rally in late trade with the Sensex rising 199.84 points to 28224.17 and the Nifty climbing 52.15 points to 8667.95.

About 1424 shares advanced against 1174 declining shares on the BSE.

Public sector lender Syndicate Bank's first quarter (April-June) profit plunged 73.8 percent to Rs 79 crore, impacted by higher provisions and lower operating profit. Sharp fall in tax cost helped the bank report profits for the quarter.

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