Stock Market Today Highlights: Sensex jumps 1,233 points, Nifty rallies 388 points to end over 1.6% higher – The Times of India

Reliance Industries shares surged over 7 per cent in early trade, adding over Rs 1 lakh crore to its market value after the company reported a record September-quarter profit of Rs 29,550 crore, up 33.8 per cent year-on-year. Strong refining and petrochemical margins drove a sharp recovery in its O2C business, while growth at Jio helped offset weaker retail performance. Revenue rose 27.8 per cent to Rs 3.62 lakh crore and EBITDA climbed 23.9 per cent to a record Rs 62,409 crore. Brokerages Jefferies and Emkay Global raised their earnings estimates, citing the O2C recovery and improving Jio profitability. Read full story