MUMBAI: Market leader Reliance Industries today rose over 2 per cent and regained the Rs 1,000-level mark after more than a month, helping the BSE benchmark Sensex extend its winning streak to the seventh day in a row.
Reliance Industries ended the session at Rs 1,010.45, a gain of 2.3 per cent, on the Bombay Stock Exchange. It touched the intra- -day high of Rs 1,016.
The last time it had closed above Rs 1,000-level was on August 6, when it ended at Rs 1,000.30.
With today's jump in its share value, the company's market valuation surged to Rs 3,30,524 crore.
Marketmen said RIL, which enjoys the maximum weight in the Sensex, attracting good buying support also helped the broader market to extend its gains for the seventh day in succession.
They said reports of RIL was seeking a hike in gas price helped the stock rise. They further said today's rise is significant as RIL had not participated in the recent market rally. Yesterday, the company had lost 0.45 per cent.
Reports of company paying higher advance tax for the second quarter, too, fulled the rally.
Other oil and gas counters, however, ended mixed after a volatile session.
Shares of ONGC gained 1.14 per cent to hit its lifetime high at Rs 1,451.90, while HPCL ended 0.58 per cent lower, after hitting a new high of Rs 555.45.
IOC too erased early gains to finish 0.19 per cent down after touching a lifetime high of Rs 448.55.
BPCL settled down by 0.46 per cent, while Essar Oil ended 0.54 per cent higher.
The BSE oil and gas index settled the day with a gain of 193.26 points at 10,655.13.
Carrying forward the gaining momentum, the BSE benchmark Sensex Sensex finished the day higher by 155.15 points at 19,502.11.
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