Reliance Industries shares jump nearly 4 pc

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Shares of Reliance Industries Limited were in heavy demand on Friday and jumped nearly 4 per cent.

The market heavyweight stock zoomed 3.84 per cent to close at Rs 2,670.85 on the BSE. During the day, it jumped 4.34 per cent to its all-time high of Rs 2,683.90.

On the NSE, it gained 3.84 per cent to close at Rs 2,671.25.

Reliance Industries was the top gainer in the Sensex and Nifty pack.

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The companys market valuation jumped to Rs 16,93,170.17 crore at close of trade. Meanwhile, adding to its burgeoning retail empire, billionaire Mukesh Ambanis Reliance Retail will bring 7-Eleven convenience stores to India, days after Future Retail ended its deal with the US chain.

The first 7-Eleven store will open in Mumbai on October 9 and will be followed by a further “rapid rollout”, Reliance Retail said in a statement on Thursday, without providing financial details.


(Except for the headline, this story has not been edited by The Federal staff and is auto-published from a syndicated feed.)

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