Reliance Industries Ltd (RIL) has become the first Indian company to surpass a market capitalisation of Rs 20 lakh crore.
The company’s stock saw a surge, reaching a 52-week high before closing at Rs 2,928.95. The rally was supported by RIL and positive global market trading.
The Sensex and Nifty also saw gains, with all sectors ending in the green except metals. Public sector undertakings (PSU) stocks also bounced back after recent profit booking.
The MSCI Global Standard Index’s quarterly rejig could lead to significant inflows from passive foreign institutional investors funds.
Despite the positive market performance, volatility is expected to persist due to various factors such as geopolitical worries, stretched valuations, and FII selling.
For more information visit at https://happenrecently.com/zepto/?amp=1
