Sensex, Nifty rise on monsoon progress, corporate earnings

Indian shares rose on Monday as solid earnings from market heavyweight Reliance Industries Ltd sparked hopes about corporate earnings, while sentiment was also buoyed by above-average monsoon rains. Reliance Industries on Friday posted first-quarter profit above expectations on higher margins from its core refining business, lifting the mood after software services exporter Infosys warned it wouldn't make its revenue target for the fiscal year. Above-average monsoon rains have been driving the m