Sensex surges 874 pts, Nifty ends near 17,400; RIL hits record high, M&M shines

Indian indices on Thursday continued the winning streak, staging solid recovery after recent pains, with support from most counters. Market heavyweights Reliance Industries, Maruti, TCS, HDFC, and M&M contributed significantly to the rally. Sectorally, all the sectors except metals were in the green, with auto, IT, banks, financials making healthy gains. Globally, shares in Europe and US were mixed as inflation worries, crude prices, and the war in Ukraine kept the investors cautiously optimistic. In Asia, shares in Japan, South Korea, and Australia advanced, while that in Hong Kong and Shanghai declined.

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