RIL settles up over 3% on bourses

Similarly,it rose 3.73 per cent to end at Rs 759.85 on the National Stock Exchange.

The had been on a losing-spree for the last five trading sessions and had lost over 5 per cent. It had plunged to one-year low of Rs 721.60 on Friday.

Meanwhile,the BSE benchmark Sensex ending higher by 200.03 points at 16,341.70,aided by RIL which lends the maximum weight to the key index.

RIL is likely to close its USD 7.2 billion deal to sell stake in 21 oil and gas blocks to UK’s BP plc in the next 7-10 days.

Last week,state-run Coal India had toppled RIL as the country’s most valued company,ending billionaire Mukesh Ambani-led corporate giant’s over four-year rein at the top of the market valuation charts.

Meanwhile,ADAG stocks too saw brisk buying at their counters,with Reliance Communications surging by 6.42 per cent and Reliance Infrastructure gaining 6.23 per cent on the BSE.

Other companies from the ADAG pack also ended in the positive terrain,with Reliance Capital closing the day higher by 4.07 per cent,Reliance MediaWorks by 3.97 per cent,Reliance Power by 2.41 per cent and Reliance Broadcast Network by 2.53 per cent.