Mukesh Ambani’s masterstroke, Reliance Industries mcap reaches Rs 20000000000000, HDFC Bank, TCS, Bharti Airtel are at…

Reliance Industries shares rose nearly 2% on Thursday, pushing its market valuation back above the Rs 20 lakh crore milestone. The stock gained 1.90% to close at Rs 1,495.20 on the BSE, after reaching an intraday high of Rs 1,498.70, marking a 2.14% increase during the session.

At the NSE, it rallied 1.90 per cent to Rs 1,495.30. Tracking a rally in the stock, the company’s market valuation surged by Rs 37,837.9 crore to Rs 20,23,375.31 crore.

Rally in the blue-chip stock was instrumental in driving the equity markets higher. The 30-share BSE Sensex jumped 1,000.36 points or 1.21 per cent to settle at 83,755.87. The 50-share NSE Nifty rallied 304.25 points or 1.21 per cent to 25,549.

Reliance Industries Ltd Mcap

Reliance Industries Ltd (RIL) had on February 13 last year became the first Indian company to achieve a market capitalisation of Rs 20 lakh crore.

The company is the most valuable domestic firm in terms of market valuation followed by HDFC Bank with a market capitalisation of Rs 15,51,218.93 crore, Tata Consultancy Services (Rs 12,45,219.09 crore), Bharti Airtel (Rs 11,48,518.05 crore) and ICICI Bank (Rs 10,27,838.79 crore) in the top five order. So far this year, Reliance shares have jumped 23 per cent. 

Stock Market Closing Bell

Equity benchmark indices Sensex and Nifty surged over 1 per cent on Thursday, taking their winning momentum to the third day running, amid growing optimism following easing geopolitical tensions and buying in market heavyweights HDFC Bank and Reliance Industries.

The 30-share BSE Sensex jumped 1,000.36 points or 1.21 per cent to settle at 83,755.87. During the day, it surged 1,056.58 points or 1.27 per cent to 83,812.09.

The 50-share NSE Nifty rallied 304.25 points or 1.21 per cent to 25,549.

From the Sensex constituents, Tata Steel, Bajaj Finance, Bharti Airtel, Adani Ports, Eternal, Bajaj Finserv, NTPC, HDFC Bank, Reliance Industries and Axis Bank were among the major gainers.

(With Inputs From PTI) 

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