India's Sensex hits 32,000; Reliance Industries, Wipro rally

In Asia, stocks took a pause after gaining for nine days.

india trader
Reuters

Indian shares gained on Friday, led by blue-chip Reliance Industries after the oil and gas major reported a better-than- expected quarterly earnings.

At 0610 GMT, the S&P BSE Sensex rose 0.40 percent to 32,032 while the broader NSE Nifty advanced 0.39 percent to 9,911.

In Asia, stocks took a pause after gaining for nine days. MSCI's broadest index of Asia-Pacific shares outside Japan, which has gained about 5 percent in the past two weeks, eased 0.2 percent on Friday.

Reliance Industries rose 3 percent after its consolidated quarterly net profit increased 28 percent, beating analysts' estimates.

Software exporter Wipro jumped 7 percent after announcing a $1.7 billion share buyback.

Other gainers included Coal India, Tata Consultancy Services, Infosys up between 1 percent to 2 percent.

Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined.

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