February 22, 2017 / 6:17 AM / 5 months ago

Sensex posts fifth straight session of gains

1 Min Read

Brokers trade at their computer terminals at a stock brokerage firm in Mumbai January 6, 2015.Shailesh Andrade/Files

REUTERS - Indian shares hit their highest in more than five months on Wednesday as Reliance Industries (RELI.NS) ended at a near 9-year high after investors welcomed plans by its telecom unit to start charging customers for services.

Reliance Industries gained nearly 11 pct to end at 1,207.50 rupees, its highest close since May 29, 2008.

The broader NSE Nifty closed up 0.21 percent at 8,926.90, its fifth straight session of gains, after rising as much as 0.59 percent earlier in the day.

The benchmark BSE Sensex also gained for a fifth session, ending 0.36 percent higher at 28,864.71, after climbing as much as 0.70 percent.

Both indexes closed at their highest since Sept 8, 2016.

Reporting by Samantha Kareen Nair in Bengaluru

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