Reliance Industries shares hit all-time highhttps://indianexpress.com/article/business/market/sensex-jumps-over-150-points-reliance-industries-hits-all-time-high-5626058/

Reliance Industries shares hit all-time high

The shares of the company have been on a rise as the US mounts pressure to oust Venezuelan President Maduro.

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Shares of Reliance Industries Ltd witnessed an all-time high of 1,362 rupees, a record-setting spree, news agency Reuters reported. (File)

Shares of Reliance Industries Ltd witnessed an all-time high of Rs 1361.45 on Thursday taking the companies market cap to over Rs 8.62 lakh crore.

The shares of the company have been on a rise as the US mounts pressure to oust Venezuelan President Maduro.

RIL, which is one of the top customers of Venezuela in India, has capped its oil purchases from Venezuela. Even Indian Oil Corp was trading with gains of over 1 per cent on Thursday

Meanwhile, in the market, led by gains in financial stocks amid unabated foreign fund inflow and positive domestic cues, the BSE benchmark Sensex rose over 150 points. The 30-share index was trading 141.80 points or 0.38 per cent, higher at 37,893.97.

The 50-share NSE Nifty also climbed 33.75 points to 11,375.45 today.

The rupee, meanwhile, fell 24 paise to 69.78 against the US dollar in opening trade due to increased demand for the greenback from importers and banks and rising crude oil prices.