Indian stocks rise on Reliance, financials rise

BENGALURU, December 24 (Reuters). Indian stocks rose on Thursday on Thursday Reliance Industries and financials when news that a Brexit trade deal was near boosted investor sentiment ahead of the Christmas break.

The NSE Nifty 50 Index rose 0.64% to 13,688.60-0352 GMT and was set for the third straight day of gains, while the benchmark S&P BSE Sensex index rose 0.63% to 46,742.16.

According to media reports, the UK and the European Union were on Thursday close to a close trade deal that boosted Asian stocks. Mumbai, shares of India’s most valuable company Reliance Industries, rose nearly 1%.

The Nifty’s banking, PSU bank and financial indices rose between 0.8% and 1.5%.

Shares of Bharti Airtel Ltd rose 2.5% and was among the top three winners on the Nifty 50 index.

The telecommunications operator added 3.67 million new customers in October, the highest figure among any other telecommunications operator in the country, data showed on Wednesday. On trend, the Nifty IT index fell 0.3% after hitting record highs in the last two sessions.

Biscuit maker Ms. Bector’s food specialties is expected to make its market debut later Thursday.