The Nifty 50 index experienced a robust performance, gaining 289 points to close at 24,329, reversing Friday's losses. This rebound was notably driven by Reliance Industries, whose impressive Q4 results led to a 5% spike in its stock price. With positive quarterly earnings results spurring market momentum, a total of 39 Nifty stocks closed in green. Investors are closely monitoring the ongoing earnings season, particularly after Reliance reported a significant revenue increase and plans for future investments in renewable energy. Shriram Finance, however, faced losses amid disappointing earnings.
The Nifty 50 index gained 289 points, finishing at 24,329, as Reliance Industries' strong Q4 performance drove the market upward.
Reliance Industries reported an impressive revenue of Rs 2.88 lakh crore and a net profit increment of 2.4%, enhancing investor wealth significantly.
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