Mukesh, ADA Group firms lead stock market rally
Anil Ambani group firm RCOM and Mukesh's RIL soared on the Bombay Stock Exchange on good buying support which saw the benchmark Sensex jumping 299 points.business Updated: Jan 14, 2009 20:58 IST
Anil Ambani group firm RCOM and Mukesh's RIL soared on the Bombay Stock Exchange on good buying support which saw the benchmark Sensex jumping 299 points.
Anil Ambani-led Reliance Communication rose by 10.36 per cent to Rs 185.40, while Reliance Natural Resources Ltd surged by 12.67 per cent to close at Rs 54.25 on the BSE.
On the other hand, Mukesh Ambani-led Reliance Industries settled at Rs 1,178.14, a gain of 9 per cent over the previous close.
During the day, shares of RIL surged by 12.59 per cent to a high of Rs 1,217. Over 24.94 lakh shares changed hands on the exchange.
Reliance Industrial Infrastructure soared by 4 per cent at Rs 336.80. It touched a high of Rs 344, gaining 6.24 per cent.
Also, Reliance Petroleum gained 5.05 per cent to settle at Rs 80.10 on BSE. The scrip had touched a high of Rs 81.50 during the day and over 39.60 lakh shares got traded.
Besides, Anil Ambani group firm Reliance Power gained nearly five per cent at Rs 103.10. The scrip had witnessed a high of Rs 108.15 during the trade.
Reliance Capital increased 5.83 per cent at Rs 433. The scrip had touched the day's high of Rs 441, up 7.78 per cent from previous close.
Reliance Infrastructure advanced by 9.70 per cent at Rs 522.35. It witnessed a high of Rs 540, up 13.41 per cent during the trade.