Due to positive global cues, the domestic market showed positive sentiment and Nifty reclaimed 11,000 and the midcaps have seen some cooling off from the day’s high points, while financial energy and pharmaceuticals are the top gainers. Reliance Industries are among the top gainers which has a good start in today’s trading session where it rose as much as 6 percent at day’s high to Rs 1,098 by surging 6 percent.
The jump-start in shares of Reliance Industries, helping in its market capitalization in touching the mark of $100 billion and giving the company a market cap of close to Rs 7 trillion.
This sharp gain in RIL shares and banking stocks has pushed the benchmark Sensex to new highs today.
Update: RIL also unveiled its fiber broadband system JioGigaFiber at its AGM in a push to make deeper inroads into the wireless and fixed-line internet industry.