RIL rises nearly 1 pc on hopes of good Q1 numbers | business | Hindustan Times
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RIL rises nearly 1 pc on hopes of good Q1 numbers

business Updated: Jul 27, 2010 13:56 IST
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The country's largest company, Reliance Industries, rose nearly 1 per cent on the Bombay Stock Exchange in early trade on expectations of strong first quarter numbers to be announced later in the day.

According to experts, market is expecting a good show by the country's largest corporate house.

Shares of RIL surged 0.85 per cent to Rs 1,061 a piece on Bombay Stock Exchange. Similarly, the stock quoted 0.76 per cent higher at Rs 1,061.15 on National Stock Exchange.

"The RIL numbers will decide the market trend. If the result beats the market expectations, the Sensex may touch new heights. Also, the stock has not participated in the recent rally, so now the results will decide its direction in the short-term," SMC Global Vice President Rajesh Jain said.

Meanwhile, the market index Sensex was trading up 0.11 per cent at 18,040.68 points.

RIL, which carries the maximum weight on the 30-share benchmark Sensex, was the major contributor to the overall market gains. Also, the stock was among the volume toppers in morning trade.