Markets surge on buying in RIL, foreign fund inflows

Benchmark BSE Sensex soared by 1,006 points to close above 80,000 level on Monday as a sharp rally in Reliance Industries and private banks, and foreign fund inflows helped stock markets cut short two days of fall amid India-Pakistan border tensions.

- Press Trust of India

MUMBAI:

The 30-share BSE Sensex jumped 1,005.84 points or 1.27% to settle at 80,218.37 with 23 of its constituents ending with gains and seven in the red. During the day, it surged 1,109.35 points or 1.40% to 80,321.88.

The NSE Nifty rallied 289.15 points or 1.20% to close at 24,328.50.

Reliance Industries surged by 5.27% to emerge as the biggest gainer among Sensex stocks. The oil-to-retail behemoth reported a 2.4% rise in March quarter net profit beating street estimates.