Reliance Shares Hit Record High for Fourth Session
Shares of Reliance Industries Ltd continued their upward momentum for the fourth consecutive trading session, touching a fresh record high during intraday trade. The stock gained amid strong investor interest, even as broader equity markets remained volatile. Reliance remains India’s most valuable listed company by market capitalisation.
Strong Buying Interest Seen
Market participants noted sustained buying in Reliance shares over recent sessions, with the stock outperforming benchmark indices. Trading volumes remained healthy, indicating continued confidence among institutional and retail investors. The rally has added significantly to the company’s market value over a short period.
Business Fundamentals Support Sentiment
Analysts said positive sentiment around Reliance is driven by strength across its core businesses, including energy, petrochemicals, retail, and digital services. Expectations of stable earnings, improved operating efficiency, and favourable global energy dynamics have also supported the stock’s upward movement. Developments in global crude markets are seen as potentially beneficial for large integrated refiners such as Reliance.
Impact on Broader Market
Reliance’s strong performance has provided some support to headline indices due to its heavyweight status. Market experts said the stock’s movement will continue to influence overall market direction, especially during periods of uncertainty.
Outlook Ahead
Investors are expected to closely track global commodity trends, corporate announcements, and broader market cues to assess whether the rally can be sustained in the coming sessions.
