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 closed 2.9 percent higher on Thursday as investors put aside worries about the world economy and returned to the market.
Indian stocks struggled throughout trade today, weighed down by grim economic data and weakness in global markets. The benchmark index closed 3.2 percent lower, led by a fall in some heavyweight stocks.
Reliance Industries (RIL) and Reliance Petro were in focus, after the former announced that it would absorb its Reliance Petro unit through a share swap. RIL will issue one share for every 16 held in Reliance Petro.