Money on the markets
A maturing market amid the mayhem
Shares in Reliance Industries ended 1.5 percent higher at 2180 rupees, pushing the broader market up 1.4 percent to 16,454.
The Oil & Gas Index rose over 1 pct helped by gains in RIL, IOC and GAIL.
According to Thomson Reuters data, RIL shares have gained nearly 9 percent this month and over 70 percent since January.
The volume of Relaince shares traded stood at over 0.5 million on Tuesday.
Reliance Industries yesterday informed the BSE that the high court in Bombay has sanctioned the scheme of Amalgamation of Reliance Petroleum with Reliance Industries.
The BSE Sensex came under heavy selling pressure as investors booked profits in a market that has risen 80 percent since early March.
The 30-share sensitive index swung from an intra-day high of 14,668 to an intra-day low of 14,269 and closed 195 points lower at 14,326. The fifty-share Nifty ended 1.8 percent down at 4,235.