The 30-share BSE benchmark was trading 273.74 points higher at 53,067.36 in early deals. The broader NSE Nifty gained 91.1 points to 15,873.25.
Reliance is the top-ranked Indian firm on the list, followed by State Bank of India at No.105, HDFC Bank at No.153 and ICICI Bank at No.204.
The Reserve Bank of India (RBI) had on November 29 last year superseded the board of Reliance Capital Ltd (RCL) in view of payment defaults and serious governance issues.
The stock fell even as major brokerages remains bullish on the company’s future prospects with Morgan Stanley saying RIL is likely to clock $20 bn EBITDA by end 2022.
Jio, India’s largest telecom company, benefitted big time from how much it makes per subscriber, also known as ARPU (average revenue per user) even as it lost a whopping 10.9 million subscribers.
The PAT for RIL in the March ended quarter was not only below analysts’ expectations but also lower than net profit of Rs 18,549 crore the firm had reported in third quarter.
Rakesh Maria, who successfully investigated the 26/11 Mumbai attacks case, is the former police commissioner of Mumbai.
TRAI recommended price cut by nearly 39% as against the previously fixed price
The deal was called off by both FRL and Reliance as creditors voted against the same earlier this month. FRL owes Rs 29,000 cr to creditors.
Reliance Industries Ltd (RIL) on Wednesday became the first listed company in India to touch the Rs 19 lakh crore market capitalization mark.
In March this year, the company's market valuation had gone past Rs 18 lakh crore. Last year on October 13, the company's market valuation went past Rs 17 lakh crore mark.
“This JV is a testimony to the strong and growing ties between India and the UAE and will be a benchmark for more such projects built on strengths of the two nations.
Bilateral trade between both the nations will be boosted as new trade and development opportunities, such as TA'ZIZ, are further unlocked.
All the stocks hit their respective lower circuit limits. Shares of Reliance Industries also declined by 2.31 per cent.
The stock of Future Consumer plummeted 19.91 per cent, Future Supply Chain Solutions slipped 19.96 per cent, Future Lifestyle Fashions 19.89 per cent, Future Enterprises tumbled 9.87 per cent.