Reliance Industries Limited Stock Crosses Rs 2300 Mark Again

Biocon, a major pharma company listed in the stock exchanges of India has taken a major beating on Monday. At the time of writing, the stock of Biocon is trading at Rs 356 which is 9.80% in the red.

Highlights

  • Due to the large scale selling and capital wipe off which happened due to the start of Russia and Ukraine war, the Indian stock market took a beating.
  • The airline stocks including SpiceJet and IndiGo have also taken a beating on Monday’s afternoon trade session.
  • NIFTY and SENSEX are in the green today. What has propelled the market sentiment towards the positive is unknown.

Reliance Industries Limited

Due to the large scale selling and capital wipe off which happened due to the start of the Russia and Ukraine war, the Indian stock market took a beating. Reliance Industries Limited (RIL), the company with the largest market cap in the country, which was trading at Rs 3400 levels, fell below Rs 3300.

But today, i.e., on Monday, the Reliance Industries Limited (RIL) stock has crossed the Rs 2300 mark again. At the time of writing, RIL is trading at Rs 2338.60, which is 2.39% in the green.

Even NIFTY and SENSEX are in the green today. What has propelled the market sentiment towards the positive is unknown.

Biocon Takes a Major Hit

Biocon, a major pharma company listed in the stock exchanges of India, has taken a major beating on Monday. At the time of writing, the stock of Biocon is trading at Rs 356, which is 9.80% in the red.

The news of the acquisition of Viatris Biosimilars might not have gone down well with the investors in the pharma company.

The airline stocks, including SpiceJet and IndiGo, have also taken a beating on Monday’s afternoon trade session.

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Tanay is someone who enjoys reading and predicting the markets and what the outcome is going to be like. Following the crypto space, while being a value investor since 2018, Tanay looks to expand the horizon of his knowledge regarding investing and managing money every day.

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