After a week long slump, Reliance moves up in the market
Snapping out of its seven-day losing streak, Reliance Industries today rose 1.32 per cent on Bombay Stock Exchange in the morning trade.business Updated: Sep 01, 2010 11:43 IST
Snapping out of its seven-day losing streak, Reliance Industries today rose 1.32 per cent on Bombay Stock Exchange in the morning trade.
The stock of the country's most valued firm opened 1.32 per cent higher to Rs 931 amid a firm market trend. It was later trading at Rs 928.50, a gain of 1.05 per cent.
Yesterday, Reliance Industries (RIL) had tumbled by 3.44 to hit a 3-month low of Rs 915.10 on the BSE after the Mukesh Ambani-led energy giant bought 14.12 per cent stake in hospitality major EIH. Market analysts attributed today's surge in the scrip to corrective recovery in line with the broader firm market trend.
On the National Stock Exchange the scrip was trading 0.92 per cent high at Rs 927.70. Meanwhile, the BSE-30 share index Sensex too was trading higher by 149.86 points at 18,120.98 in the morning trade.