Reliance Industries helps Sensex, Nifty rebound amid consolidation

Equity benchmarks recouped losses in afternoon trade, with the Sensex turning in positive terrain and the Nifty inching towards 9,700 level. The recovery was driven by index heavyweight Reliance Industries that rallied 2 percent to hit a fresh 52-week high.

The 30-share BSE Sensex was up 21.12 points at 31,390.46 and the 50-share NSE Nifty gained 1.10 points at 9,675.65. About 1,411 shares advanced against 1,154 declining shares on the BSE.

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Posted in: Indian Market Tips