Nifty opens above 8900, Sensex higher; Reliance jumps 5%

Epic Update Reliance IndustriesEpic Update Reliance Industries

Benchmark indices gained further in early trade amid consolidation, with the Nifty opening above 8900 level led by Reliance Industries and Tata Motors.

The 30-share BSE Sensex was up 56.82 points at 28818.41 and the 50-shbare NSE Nifty rose 14.05 points to 8921.90.

About 522 shares advanced against 238 declining shares on the BSE.

Tata Motors, BHEL, ONGC, Axis Bank, BPCL and Bharti Infratel were early gainers while GAIL, Hero Motocorp, Tata Steel, Infosys, Wipro, Idea Cellular, Aurobindo Pharma and Eicher Motors were losers.

Reliance Industries shares surged 5 percent, the leading driver for the market today, as Goldman Sachs says top 10 percent of Indian mobile subscribers will likely view Reliance Jio’s offers as attractive after the announcement of new tariff plans by Mukesh Ambani, Chairman & Managing Director.

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