Sensex jumps 965 points on strong Q1 results

Sensex climbed 965 points and Nifty reached 24,330 level, driven by buying in Reliance Industries, bank and IT stocks.

Tech Mahindra jumped 3.9% after reporting a 28.4% rise in net profit to Rs 1,465 crore for the June quarter.

Rupee strengthened 14 paise to settle at 96.3 against the US dollar, improving sentiment.

Domestic institutional investors rotated from mid and small-cap stocks into large caps, according to Vinod Nair of Geojit Investments.