Indian shares rise as Reliance hits record high, Wipro gains
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BENGALURU - Indian shares extended gains to a second session on Friday with Reliance Industries climbing to a record high and IT services provider Wipro rising ahead of March-quarter results.
The NSE Nifty 50 index was up 0.52% at 17,333.95, as of 0357 GMT, while the S&P BSE Sensex rose 0.53% to 57,830.01.
Upbeat U.S. tech earnings on Thursday helped stocks across the globe clock gains with Indian benchmark indexes rising more than 1%.
Asian shares inched higher on Friday, although investor sentiment remained fragile amid fears about global economic growth and looming U.S. Fed rate hikes.[MKTS/GLOB]
In India, conglomerate Reliance Industries extended gains to a fourth session, rising 1.3% to scale a record high of 2,856.15 rupees.
All Nifty sub-indexes were trading in positive territory with Nifty's Pharma sub-index leading the pack, up 2%.
Varroc Engineering soared 20% to its highest since January 2020 after the auto components' maker said https://www.bseindia.com/xml-data/corpfiling/AttachLive/e241c2db-a469-4708-b3d5-19791f63ea2b.pdf it would divest its 4-wheeler lighting systems operations in the Americas and Europe.
Wipro rose 1.1% and Maruti Suzuki India gained 0.7% ahead of their March-quarter results.
