NewzReliance Industries shares surged up to 2.68 percent during intraday trading, ultimately settling with a 2 percent gain on the National Stock Exchange. The upward momentum followed the launch of Jio Platforms' Rs 30,213-crore initial public offering, which achieved full subscription within 100 minutes of opening.
The initial public offering features a price band set between Rs 1,065 and Rs 1,119 per share. Driven by the swift market uptake of the Jio IPO, Reliance Industries shares advanced as much as 1.96 percent to reach Rs 1,225.60 apiece, after touching a high of Rs 1,234.30 during the trading session.
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