Reliance Earnings and Oil Prices Lift Indian Shares
Indian shares closed higher on Monday as strong Reliance Industries earnings, falling oil prices, and tax break hopes lifted indices to a near two-month high. Reliance surged 11.6 percent following its quarterly profit beat.
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India's BSE Sensex rose 1.66% to 75,692.78 on Monday afternoon, driven by strong earnings and falling energy costs. The three-day rally lifted indexes to a near two-month high following robust corporate reports. The gains reflect renewed investor appetite after previous seasonal underperformance across key sectors.
