Sensex soars 450 points; Mutual fund industry rubbishes talk of stock valuations being high; more

Nifty ended the November series above 17,500 mark while the Sensex gained above 450 points, propelled by hectic buying in index heavyweight Reliance Industries amid expiry of monthly derivative contracts.

Reversing the previous session's losses, the 30-share index ended 454.10 points or 0.78 per cent higher at 58,795.09. Similarly, the broader NSE Nifty surged 121.20 points or 0.70 per cent to close at 17,536.25.