Dalal Street gains almost 2% on eased sentiment in US
Reliance Industries jumped 4.3%, leading the gainers after it said it has started the process to demerge its financial services business. On the other hand, IT stocks were also among the top gainers, with the Nifty IT index surging 2.45%. According to fund managers and analysts, Friday’s rise was a ‘catch-up’ rally, and are unwilling to conclude that it’s here to stay.
