Benchmark indices continued to trade mildly higher amid volatility, aided by Reliance Industries, HDFC Bank and ONGC. However, the selling in HDFC, ICICI Bank, ITC, metals and oil retailers capped gains.
ONGC was the top gainer on the Nifty, rising nearly 4 percent. HPCL fell nearly 4 percent as ONGC will buy government’s stake in the company at lower price than market estimates.
Reliance Industries continued to gain over 2 percent as Jio reported its first ever profit at Rs 504 crore in Q3.
Jubilant Foodworks rallied nearly 6 percent as brokerages raised target price post Q3 earnings.
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