Sensex surges 300 points, Nifty tops 10,700; RIL gains over 1% ahead of AGM

Indian shares gained almost 1% on Wednesday as hopes for the swift launch of COVID-19 vaccines lifted stock markets across Asia, while upbeat results for IT outsourcer Wipro and signs of new foreign investment inflows countered fears about the surge in domestic coronavirus cases. India’s most valuable stock Reliance Industries rose about 1.1% ahead of an annual general meeting due later in the day. Both the blue chip index rose and the broader S&P BSE Sensex were up around 0.9% at to 10,702.95 and 36,360.99 respectively.


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