Nifty above 8950, Sensex up nearly 200 pts; Reliance zooms 10%

Epic Update Reliance IndustriesEpic Update Reliance Industries

Reliance Industries helped equity benchmarks extending gains in noon trade. The stock rallied 10 percent, hitting nearly 8-year high after announcements of tariff plans.

Its contribution to benchmarks is nearly 100 percent and its current weightage in the Nifty is 6.01 percent, close to Infosys that has 6.02 percent weightage.

The 30-share BSE Sensex was up 188.01 points or 0.65 percent to 28949.60 and the 50-share NSE Nifty gained 49.25 points or 0.55 percent at 8957.10.

However, the broader markets underperformed benchmarks, trading flat on balanced market breadth

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