Market Wrap: Sensex rises 411 points, Nifty tops 25,800 points as Reliance, HDFC Bank rally after gains

Indian shares rose for a fourth session on Monday, with the Sensex rising 0.5% and the Nifty closing above 25,800, while heavyweights Reliance Industries and HDFC Bank rose on optimism after the results. Gains were partly offset by profit-taking at ICICI Bank, which limited the broader rally. The S&P BSE Sensex rose 411.18 points, or […]

Reliance Retail Q2 results: Profit rises 22% YoY to Rs 3,457 crore; turnover increased by 19%

Reliance Retail on Friday reported 22% year-on-year (year-on-year) growth in net profit at Rs 3,457 crore in the second quarter. Revenues rose 19% year-on-year to Rs 79,128 crore. Reported EBITDA, including investment income, stood at Rs 6,816 crore, while margins remained stable at 8.6%. “Reliance Retail delivered a strong performance this quarter, led by our […]