Reliance stock closes higher amid plan to raise oil refining capacity

Shares of Reliance Industries Limited closed higher today amid a report that the oil-to-telecom conglomerate was considering a plan to raise its oil refining capacity by about half.

The large cap stock has been gaining for the last three sessions and has risen 4.92 percent during the period. It closed 1.96% higher  at Rs. 1149.60 both o on the BSE and NSE.

On Friday, the Reliance Industries surpassed TCS in market capitalization rising over 2% intraday in trade. Reliance Industries’ market capitalization rose to Rs 7,14,668 crore beating TCS’ market cap which stood at Rs 7,06,574 crore on the BSE.

Meanwhile, the Sensex closed 317.72 points higher at 35,774 level. The Nifty also gained 81 points to 10,763 level on Monday.

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