Re­liance Ind posts record in­tra-day gain

The Hindu Business Line - - FRONT PAGE - PALAK SHAH

Mum­bai, March 25

With a 21 per cent gain in Wed­nes­day’s trad­ing ses­sion, the share price of Mukesh Am­bani-led Re­liance In­dus­tries (RIL) reg­is­tered a record oneday rise.

RIL has never reg­is­tered a 20 per cent gain since screen­based trad­ing was launched by the NSE in the mid-1990s, an­a­lysts say.

RIL’s share price gained af­ter global news me­dia re­ported late on Tuesday evening that Facebook was pick­ing up a 10 per cent stake in its tele­com arm Jio. The deal, for the first time, would give cor­rect es­ti­mates of the worth of Jio, an­a­lysts said.

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