The 30-share BSE benchmark was trading 362.9 points higher at 53,336.74 points.
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 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.
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.
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.
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.
A majority of lenders to Future Group rejected a deal involving the sale of its retail assets to RIL in NCLT, with 69.29n per cent voting against.
Reliance calls off Rs 24,713-crore deal with Future Group after secured creditors give a thumbs down
Reliance Industries said its Rs 24,713-crore deal with the Future Group cannot go ahead as secured creditors of the latter have voted against it.
FRL and RIL spokespersons could not be contacted for comment. For the deal to be approved, 75% of the shareholders and lenders of 21 Future group firms have to vote for it.
What took RIL, India’s largest conglomerate, 13 years to achieve, Adani Group is almost there in 19 months
Billionaire Mukesh Ambani in 2020 set a 2035 target for Reliance to turn net carbon zero by 2035.