BENGALURU, Dec 24 (Reuters) – Indian stocks advanced Thursday on gains in Dependency industries and financial stocks, as news that a Brexit trade deal was near boosted investor sentiment ahead of the Christmas holidays.
The NSE Nifty 50 Index rose 0.64% to 13,688.60 as of 0352 GMT and was set for its third consecutive day of gains, while the benchmark S&P BSE Sensex Index rose 0.63% to 46,742.16.
Britain and the European Union were on the verge of reaching a close trade deal on Thursday, media reports said, boosting Asian stocks. Mumbai, the shares of India’s most valuable company, Reliance Industries, gained nearly 1%.
Nifty’s banking, PSU Bank and financial indices increased between 0.8% and 1.5%.
Actions of Bharti airtel Ltd rose as much as 2.5% and was among the top three percentage winners in the Nifty 50 index.
The telecom operator added 3.67 million new clients in October, the highest among other telecom operators in the country, data showed on Wednesday. On trend, the Nifty IT index was down 0.3% after hitting record highs in the previous two sessions.
Cookie maker Ms. Bectors Food Specialties It is scheduled to make its market debut later on Thursday.
