Mumbai: Reliance Industries is touching new heights in the Indian stock market. In this sequence, the company's share price has crossed the Rs 2100 level on Friday. This is the highest level of Reliance's stock. There are reports that Amazon plans to acquire a partnership in Reliance's retail arm. The company's stock is getting support from this news.
Let us tell you that the stock of Reliance Industries touched the Rs 2000 mark on Wednesday itself. Now the company 's market cap has crossed the 13 lakh mark. This is the first time any Indian company has achieved this position. Reliance has covered the market capitalization from 9 lakh crore to 13 lakh crore in a very short time.
On the last trading day of the week, selling in the stock of banking sector dominated the Indian market. Shares of SBI, the country's largest public sector bank, fell by 2 per cent. The shares of private sector Axis Bank, Yes Bank, HDFC Bank and ICICI Bank have also seen a steep decline. Earlier today, ie on Friday, both the Sensex and the Nifty were on the red mark in the early trade in the Indian stock market. The Sensex was trading below 37,800 points, losing nearly 200 points. Similarly, the Nifty was down more than 50 points to the level of 11,150 points.
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