Shares of Reliance Industries, the company with the highest market capitalization in India, rose sharply, the biggest increase in nine months. Previously, the company's financial results exceeded analysts' expectations, driven by strong performance in its “oil to chemicals” business. In early trading in Mumbai, the stock rose as high as 6.2%, hitting 1,237.3 rupees, the biggest one-day intraday gain since February 3. The flagship company, owned by billionaire Mukesh Ambani, announced financial results after the market last Friday. Net profit for the September quarter increased by more than 40% year over year to reach 255.5 billion rupees, higher than analysts' average expectations.

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