Sensex, Nifty surge; rupee strengthens ...Qatar

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Sensex, Nifty surge; rupee strengthens
source : Gulf Times ( Qatar ) () 11
Indian stocks rose to a record high in intraday trading as investors assessed the potential outcome of the US presidential election with vote-counting continuing. The S&P BSE Sensex climbed 1.3% to 41,893.06 points in Mumbai after briefly clearing a record high set in January. The NSE Nifty 50 Index advanced 1.2%, with both gauges marking their biggest weekly gains since June. Reliance Industries Ltd contributed most to the advance in the Sensex and had the steepest rise, climbing 3.8% after it announced a $1.3bn investment in its retail unit by Saudi Arabia’s Public Investment Fund. As investors assess the prospects of a Joe Biden presidency with a split Congress in the US, company earning

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