Sensex up over 1 percent; RIL, Tata Motors surge

Reuters Market Eye - The Sensex gains 1.2 percent while the broader Nifty advances 1.3 percent, on-track to snap a three-day losing streak.

Asian shares recovered from multi-month lows on Friday, as a rebound in U.S. equities on the back of upbeat economic data calmed nerves after a bruising selloff in global markets.

Shares in Reliance Industries Ltd gain 2.2 percent after its KG-D6 block partner Niko Resources Ltd said its proved reserves increased by 160 percent, and that a recent gas discovery in the D6 block off India's east coast could add significantly to future reserves.

Tata Motors Ltd gains more than 4 percent ahead of unit Jaguar Land Rover global wholesale numbers expected later in the day.

 

Tata Coffee Ltd climbs 5.4 percent on value buying after falling 25 percent decline in the previous two sessions.

(Reporting by Abhishek Vishnoi)