Reliance Industries Shares Jump Nearly 4 Pc; Mcap Reaches Rs 20 Lakh Cr Mark

New Delhi, PTI

Reliance Industries Limited witnessed a surge in demand on Wednesday, as its shares soared by nearly 4%, propelling its market valuation above the historic Rs 20 lakh crore mark once again. The bellwether stock exhibited a notable rise of 3.60% to settle at Rs 2,987.85 apiece on the BSE, while reaching Rs 2,999.90 during the day. Similarly, on the NSE, it ascended by 3.48% to Rs 2,983.75 per share.

The company's market capitalization saw a significant surge of Rs 70,039.26 crore, culminating at Rs 20,21,486.59 crore. Trading volumes reflected the heightened interest, with 4.71 lakh shares traded on the BSE and over 81.63 lakh shares on the NSE.

Meanwhile, the broader market indices also displayed positive momentum, with the 30-share BSE Sensex rising by 526.01 points to settle at 72,996.31, and the NSE Nifty climbing by 118.95 points to 22,123.65. The upsurge was chiefly attributed to the performance of Reliance Industries and other energy stocks, supported by a decline in crude oil prices, as stated by Avdhut Bagkar. Reliance Industries' achievement of crossing the Rs 20 lakh crore market capitalization milestone earlier this year reaffirms its position as the most valued domestic firm, followed by Tata Consultancy Services, HDFC Bank, ICICI Bank, and Bharti Airtel in the top five order.