Indian shares rise as strong earnings boost sentiment; Reliance leads rally

Indian stock markets climbed as major companies reported solid quarterly earnings. The Nifty 50 rose around 0.45% to 25,828.75 and the BSE Sensex gained about 0.51% to 84,376.21. The rally was led by HDFC Bank, which hit a record high after reporting better-than-expected profits, and Reliance Industries, which surged 3.4% to a three-month high. Conversely, ICICI Bank fell about 2% even after a profit beat due to slower loan growth expectations. Out of 16 major sectors, 14 closed in the green.