Reliance Shares Surge 6.70% as Sensex Jumps 1,012 Points, Nifty Gains 239

The 30-share BSE Sensex opened higher compared with its previous Friday's close of 74,459. Within minutes of opening, the index climbed 1,012 points to trade at 75,471, reflecting the strong momentum in the market.

The NSE Nifty, comprising 50 stocks, also followed the Sensex's upward trajectory. The index opened above its previous closing level of 23,053 and quickly jumped 239 points to trade at 23,292.

Reliance Shares Lead Market Rally

Reliance Industries shares played a significant role in driving the stock market rally. At the time of writing, Reliance shares were trading at Rs 1,241, up 6.70%.

The sharp rise in shares of India's most valuable company triggered a broader wave of gains across the market. Following the rally, Reliance Industries' market capitalisation reached Rs 16.77 lakh crore.

The surge in Reliance shares came after the company reported strong results for the second quarter of FY27, prompting several brokerage firms to share a positive outlook on the stock.

The company's July-September quarter performance was driven by growth in its Oil-to-Chemicals (O2C) business, digital services and retail operations.

Reliance Industries' consolidated revenue increased 28% year-on-year to reach an all-time high of Rs 3.62 lakh crore. Its EBITDA rose 24% to a record Rs 62,409 crore, while net profit increased 34% to Rs 29,550 crore.

Other Large-Cap Stocks Post Strong Gains

Apart from Reliance Industries, several other large-cap stocks also witnessed strong buying interest at the opening of the market.

Tata Steel shares were trading with gains of 4%, while NTPC shares climbed 3.40%. Maruti shares rose 2.80%, BEL shares gained 2.40%, and Asian Paints shares advanced 2.10%.

The rally extended to the mid-cap segment, where several stocks recorded significant gains.

Dixon shares surged 6.50%, Phoenix Ltd shares climbed 3.40%, and Glenmark shares gained 2.80%. Hindustan Petroleum shares rose 2.60%, while Suzlon shares advanced 2.10%.

The sharp gains across benchmark indices, large-cap stocks and mid-cap counters marked a strong start to the trading week, with Reliance Industries' rally emerging as a major driver of the market's upward momentum.