BUSINESS
Reliance share price cross Rs 2100, market cap at new high
Shares of Reliance Industries were seen in the BSE index. Currently, Reliance’s share price is Rs 2146.
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Reliance share price at Rs 2146
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Market cap crosses Rs 14 lakh crore
The last trading day of the week was once again in the name of Reliance Industries. Reliance shares have gained more than 4 percent to reach a new high of Rs 2146. With this, the market capitalization of the company has crossed Rs 14 lakh crore. This is the first time any Indian company has achieved this milestone.
There are reports that Amazon plans to acquire a stake in Reliance’s retail unit. The company’s stock is being supported by this news. Let us tell you that the stock of Reliance Industries touched the price of Rs 2000 on Wednesday itself.
Banking stock market
The last trading day of the week saw a sell-off in the banking sector shares in the Indian market. Axis Bank was the biggest loser among the banking sector stocks. The bank’s shares fell more than 3 percent. Apart from this, SBI, ICICI Bank, ONGC, HDFC and Kotak Bank also declined.
Talking about the movement of Sensex and Nifty in the Indian stock market on Friday, it closed with a slight decline. The Sensex closed at 38,128.90 points, down 11.57 points, or 0.03 percent. During the trading, it fluctuated by 487 points. Similarly, the NSE Nifty lost 21.30 points, or 0.19 percent, to close at 11,194.15.
Stock market situation on Thursday
On Thursday, the 30-share BSE Sensex gained 268.95 points, or 0.71 per cent, to close at 38,140.47. After a slow start, the market gained momentum in the afternoon business. The Sensex has closed beyond the 38,000 mark for the first time since March 5. Similarly, the National Stock Exchange’s Nifty closed at 11,215.45 points with a gain of 82.85 points or 0.74 percent.