RIL market cap crosses Rs 3 trillion
RIL market cap crosses Rs 3 trillion >Mukesh Ambani`s Reliance (Q, N,C,F)* Industries (RIL), has become the first company to attain a market capitalisation of Rs 3 trillion after the shares of the company surged 5.6% on Wednesday. The scrip rose to touch an all time high of Rs 2,185 and ended the day with a gain of Rs 114.50 ,or 5.56%, at Rs 2,172.90 registering a market cap at around Rs 3,02,8 billion at the end of the trading session. Shares of ONGC, the second largest company on the Sensex in terms of market cap, also rose around 6% to attain a market cap of Rs 1,928 billion. Bharti Airtel`s market cap rose to Rs 1,682 billion after the scrip rose 6.5%. Every stock in the Sensex ended in the positive buoyed up by the US Federal Reserves decision to lower the interest rates by 50 basis points, which led to frenzy buying activity in markets all around the world.
