* NSE, BSE indexes up about 0.6 pct
* Positive sentiment seen across sectors - analyst
* Reliance Industries hits near 9-yr high on upbeat Q4
By Darshana Sankararaman
April 25 India's NSE index hit a record high on
Tuesday, while the rupee strengthened against the dollar as a
string of strong quarterly results including from Reliance
Industries Ltd and positive global cues boosted the
Reliance Industries Ltd climbed as much as 3.6
percent to its highest since May 2008, making it the biggest
gainer on the NSE index, after the oil-to-telecoms conglomerate
on Monday posted a 12.8 pct rise in fourth-quarter profit,
The rupee, meanwhile, strengthened to as much as
64.2750 per dollar, its highest since April 13, compared with
its close at 64.44 on Monday.
Sentiment was also bolstered as Asian markets hit multi-year
highs, reflecting the return of risk appetite after a centrist
victory in the first round of the French presidential election.
"Global markets have been very positive on news from the
French election," said Tirthankar Patnaik, India strategist,
Quarterly results have also been decent so far, adding to
the optimism in the market, he said.
The broader NSE index was up 0.57 percent at
9,270.90 by 0515 GMT. It rose to an all-time high of 9,279.80
earlier in the day, surpassing the previous peak on April 5.
The benchmark BSE index was 0.60 percent higher at
Energy and financials stocks were among the top gainers on
the NSE index. Bharat Petroleum Ltd and Indian Oil
Corp Ltd rose about 3 percent each, while ICICI Bank
Ltd gained 1 percent.
Among other gainers, Indiabulls Housing Finance Ltd
gained up to 3.3 percent to a record high, after
reporting on Monday a 24 percent increase in March-quarter
Biocon Ltd jumped as much as 9.7 percent to a
record high after the biopharmaceutical company said on Monday
it was considering bonus share issue.
ACC Ltd, however, dropped more than 1 percent,
having gained 7.5 percent in the previous session on the back of
better-than-expected quarterly profit.
(Reporting By Darshana Sankararaman in Bengaluru; Editing by