Indian shares ended over 1.5 percent higher on Thursday, boosted by a 7 percent jump in Reliance Industries as it hit record high after investment in its retail arm. Gains in banks, IT stocks also lifted the sentiment. The Sensex ended 646 points higher at 38,840 while the Nifty rose 171 points to settle at 11,449. Broader markets were also in-line with midcap and smallcap indices rising 1-1.5 percent for the day. On the Nifty50 index, RIL, BPCL, Asian Paints, IOC and Axis Bank were the top gainers while Bharti Infratel, Hindalco, Tata Steel, Bharti Airtel and Dr Reddy's led the losses.

Indian shares ended over 1.5 percent higher on Thursday, boosted by a 7 percent jump in Reliance Industries as it hit record high after investment in its retail arm. Gains in banks, IT stocks also lifted the sentiment. The Sensex ended 646 points higher at 38,840 while the Nifty rose 171 points to settle at 11,449. Broader markets were also in-line with midcap and smallcap indices rising 1-1.5 percent for the day. On the Nifty50 index, RIL, BPCL, Asian Paints, IOC and Axis Bank were the top gainers while Bharti Infratel, Hindalco, Tata Steel, Bharti Airtel and Dr Reddy's led the losses.