Reliance Industries (NS:RELI) driven market ended on positive note. The Sensex gained 103.12 points to 28864.71 Nifty gained 19.05 points to 8926.09 Reliance gained 11.17% to 1209.8
Top Gainers: Idea Cellular (NS:IDEA) by 5.17% to 113.95, Axis Bank by 3.94% to 524.2, Asian Paints (NS:ASPN) by 2.87% to 1020.0, Coal India (NS:COAL) by 2.63% to 328.0.
Top Losers: NTPC (NS:NTPC) lost 3.59% to 166.3. Ambuja Cements (NS:ABUJ) by 2.39% to 233.25, Power Grid by 2.35% to 201.35, TCS by 2.25% to 2409.95, Infosys (NS:INFY) by 2.23% to 991.0.
Petrochemical major Reliance Industries was the biggest gainer as well as the biggest contributor to Sensex & Nifty’s gains today. The stock jumped 11% to Rs.1,207.65, the highest closing level since May 29, 2008, especially after Mukesh Ambani, Chairman and Managing Director announced Reliance Jio's new tariff plans. Coal India shares rose 2.6 percent.
Company official today said that the company will appoint lead investment bank within 15-20 days to identify coal assets. SBICAP along with few foreign banks are among those that have shown interest.