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Shares of Reliance Industries,the country’s most valued company in terms of market value,today jumped over 5 per cent on bourses,helping the benchmark Sensex gain nearly 500 points.
Shares of the company settled 5.09 per cent higher at Rs 797.85 on BSE. The energy major alone contributed nearly 85 points to the overall rally in the stock market.
On NSE,the scrip closed at Rs 798.65,up 5.20 per cent.
RIL commands 10.58 per cent weight in the Sensex.
Led by gains in the shares of RIL,the BSE Oil & Gas index,too,ended 3.47 per cent higher at 8,416.67.
Surge in the bellwether stock was significant in the rally in the broader market,with the key index Sensex closing 2.95 per cent or 472.93 points up at 16,524.03.
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