Benchmark indices remained strong in late morning trade, with the Sensex holding 150 points gains on positive global cues after French President Emmanuel Macron’s party won a parliamentary majority at the weekend.
The 30-share BSE Sensex was up 150.34 points at 31,206.74 and the 50-share NSE Nifty rose 35.90 points to 9,623.95.
Reliance Industries was the leading contributor to Sensex’ gains, up 1.7 percent after its subsidiary Jio added 11.2 crore subscribers in May, which was far higher than its peers.
Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
ITC, HDFC, HDFC Bank, Adani Ports and TCS gained 1-2 percent while Infosys, Tata Motors, Cipla, ONGC, Lupin and Coal India were losers.
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