The Mukesh Ambani-led Reliance Industries (RIL), which was about half the size of Indian Oil Corporation (IOC) till nearly 11 years ago, has displaced the public sector refiner as the biggest company by revenue.
The Sensex gained a smart 537.29 points or 1.44% to close at 37,930.77, suggesting investors are pricing in the formation of a stable government. The broader Nifty rallied 150.05 points, or 1.33%, to end the session at 11,407
Shares of Tech Mahindra rallied nearly 9% on Wednesday to become the best performer on Nifty50 this year, after the company posted a better-than-expected net profit for the quarter ended September 2018.
The Indian equity markets have eroded nearly a quarter of their value in dollar terms so far in 2018, as factors such as volatility in the global market, a rout in emerging market currencies and weak corporate earnings have d
Amid poor performances of a large number of public sector undertakings (PSUs), the combined value of shares held by the government has declined to a record low of 9% during the quarter ended September 2018.