Stocks

RIL jumps 3% on bourses amid news of gas at D9 in KG basin

PTI Mumbai | Updated on June 23, 2011

Corporate leader RIL on Thursday shot up by nearly three per cent on bourses on Thursday as investors bought the company shares at prevailing lower level amid news reports that the energy major has struck gas in the very first well drilled on its D9 block in the Krishna Godavari basin.

Reliance Industries Ltd, which had surged by 3.14 per cent to Rs 872.75 a piece during intra-day session at the Bombay Stock Exchange, closed 2.90 per cent higher at Rs 870.65 a share. On the NSE, the scrip gained 2.95 per cent at Rs 870.75 a share.

Led by RIL gains, the BSE Oil & Gas index closed 1.95 per cent higher at 8,941.91. In terms of volume, over 56 lakh shares of the company changed hands on the bourses during the day. The stock has slipped by nearly 18 per cent this year.

Gains by RIL also helped propel the BSE benchmark Sensex by 176.86 points to 17,727.49.

Published on June 23, 2011

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