A maturing market amid the mayhem
Reliance Industries gains
Shares in Sensex heavyweight Reliance Industries rose over 3 percent in intra-day trade and closed 3.8 percent higher at 1,066 rupees.
The broader market ended 1.2 percent higher at 17,383 with Reliance Industries and L&T leading the gainers.
Energy major Reliance Industries is out of the race for Value Creation after the Canadian firm sold a majority stake in an oil sands property to BP Plc, a source with direct knowledge told Reuters.
With Reliance Industries dropping over 2 percent this year, do you see yourself investing in the counter now?