Gains in Reliance and Maruti uplift Indian shares
- 08 Dec 2020
Gulf Today Report
Indian shares advanced on Tuesday as heavyweight reliance industries and top automaker Maruti Suzuki recorded huge gains.
Reliance Industries Ltd increases 2.9%, its highest since mid-November. Maruti Suzuki India Ltd gained 3.5%, a more than two-year high.
The NSE Nifty 50 index rose 0.46% to 13,416.8 by 04:44 GMT and looked set to extend gains for a sixth day, while the benchmark S&P BSE Sensex was up 0.53% at 45,668.37.
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The main stock indexes have gained nearly 3% so far in December, as of their last close, having hit record highs in 13 of the last 20 sessions.
Samrat Dasgupta, CEO at Esquire Capital Investment Advisors said the flow of liquidity is encouraging and it will last for a long time due to the money injected into the economy by the United States and the UK.