The turnover on the counter stood at Rs 6,109.28 cr in cash segment, again the highest ever.
Updated: Aug 13, 2019, 07.04 PM IST
NEW DELHI: Shares of
on Tuesday logged their highest-ever cash market turnover and biggest trading volumes in over 13 years since January 18, 2006 on NSE, data available with the stock exchange shows.
Over 4.79 crore shares changed hands on the counter, the largest since the stock recorded 61 crore daily trading volume on January 18, 2006. The surge in volume was accompanied by a sharp rise in the scrip, which jumped 9.74 per cent for the day to end at Rs 1,275.
The turnover on the counter stood at Rs 6,109.28 crore in cash segment, again the highest ever.
Had it not been the support from Reliance Industries and two other stocks, BSE Sensex could have easily fallen over 1,000 points, recording the biggest one-day fall for the index this year.
In the F&O segment, the counter saw addition of 26,96,500 contracts to open interest (OI) in August series. Traded volume stood at 1.32 lakh contracts. RIL August futures jumped 9.79 per cent to Rs 1,280.
Both September and October series contracts saw OI addition of 24,42,000 contracts and 20,500 contracts, respectively. Traded volume for the two series stood at 5,921 and 352 contracts, respectively.
Analysts said Reliance Industries’ largest FDI deal with Saudi Aramco, the roadmap to become a zero net-debt company by March 2021, the unveiling of four new growth verticals and plans to unlock value in retail and telecom businesses had investors going gung ho on the stock.
All through past three months, the stock was facing repeated rating cuts, as Dalal Street had become wary of its ballooning debt load and negative free cash flow.
The Aramco deal, which is estimated to bring in roughly Rs 1,00,000 crore for a 20 per cent stake in RIL’s oil-to-chemicals (OTC) business valued at $75 billion, allay those concerns.
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