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This is an archive article published on November 29, 2010

Reliance stock surges 4

Emerging from four days of lying low,Reliance Industries surged nearly four per cent.

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Emerging from four days of lying low at the Dalal Street,corporate leader Reliance Industries RIL surged nearly four per cent on the Bombay Stock Exchange,helping the benchmark Sensex close above 268 points.

Shares of RIL,the country8217;s most valued firm,shot-up 3.7 per cent to close at Rs 998.20 on BSE,led by sustained buying. During the day,the stock had zoomed four per cent to touch its intra-day high of Rs 1,002.

In the last four trading sessions,the scrip had witnessed a dip of 4.89 per cent.

RIL which enjoys the maximum weightage in the Sensex was also the star performer among the blue-chip firms.

The market capitalisation of the oil and gas major too rose by Rs 11,648 crore in just one day to Rs 3,26,631 crore from Rs 3,14,982.94 as on Friday.

Similarly,the scrip saw an uptrend on the National Stock Exchange as well,ending at Rs 998.80,up 3.79 per cent.

In terms of volume,over 63 lakh shares of the Mukesh Ambani-led firm were traded on the stock exchanges.

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Meanwhile,the BSE 30-share index Sensex settled the day 268.49 points higher at 19,405.10. The BSE oil amp; gas index too went northward and closed at 10,118.38,up 265.52 points.

Besides RIL,the major attraction in the oil amp; gas sector were Cairn India which was up 6.33 per cent and BPCL too rose 1.86 per cent.

 

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