MUMBAI: Reliance Industries counter saw a block deal of about 39 crore shares or 12% of the company equity changing hand on Wednesday morning.

Though the details of the buyers and sellers were not known, market participants said that the block deals were the inter-se transfer of equity holding among promoter group entities.

New Delhi, Mar 14 () In a boost to firms like Reliance Industries and ONGC, the oil ministry has moved a proposal to the Cabinet for allowing pricing freedom for natural gas produced from coal seams.

The ministry has proposed to the Cabinet that coal-bed methane (CBM) gas producers be given pricing freedom and allowed to price the fuel at market rates, sources privy to the development said.

Reliance Industries' (RIL) nearly 396 million equity shares representing 12.58% equity of total paid up capital changed hands on BSE through block deal in early morning trade.

RIL on March 2, 2017 had informed the stock exchanges that entities forming part of the promoter group of the company intend to acquire from other promoter group entities by way of ‘inter-se’ transfer aggregating up to 1,190 million shares of RIL

Benchmark indices held on to their morning gains with Nifty hovering around 8.900 on hopes that BJP may win the Uttar Pradesh assembly elections.

The elections will have a key influence on PM Narendra Modi's chances of a victory on 2019 polls.. Election results are due out on Saturday.

Reliance Industries (RIL) was up 4.4% to Rs 1,288 on the BSE in early morning trade extending its rally on the bourses. The stock was trading at its highest level since May 23, 2008, when it touched 1,318.50 during intra-day trade.

RIL on Thursday after market hours informed the stock exchanges that entities forming part of the promoter group of the company intend to acquire from other promoter group entities by way of ‘inter-se’ transfer aggregating up to 1,190 million shares of RIL.

Mumbai, Feb. 27: The market capitalisation of Reliance Industries Ltd (RIL) sprinted past the Rs 4-trillion-mark today as brisk buying saw the counter posting handsome gains of around 5 per cent.

On the BSE, the oil giant, which has now emerged as a disruptive force in the country's telecom sector, ended at Rs 1,238.60, a rise of Rs 56, or 4.74 per cent.

Reliance Industries (RIL) has rallied 6% to Rs 1,255, hitting an over 8-year high on the BSE in early morning trade. The stock is trading at its highest level since May 30, 2008. A sharp rally in stock has seen the market capitalisation of RIL crossing Rs 4 lakh crore.

At 09:55 am; the stock was trading at Rs 1,250, with m-cap of Rs 405,629 crore, the BSE data shows. The company’s m-cap gained by Rs 57,336 crore in past four trading sessions.

Reliance Industries (RIL) hit an over seven-year high of Rs 1,172, up 8% on the National Stock Exchange (NSE), recording its sharpest rally in intra-day trade in past 21 months.

The stock hit its highest level since June 2009. Earlier, on May 16, 2014, it rallied 8.7% during intra-day trade. On the BSE, the stock hit high of Rs 1,187 on November 1, 2010, during intra-day trade.

NEW DELHI: The Nifty50 came under pressure around its crucial resistance level of 8,800 on Tuesday, but the momentum is still on the upside and there was plenty of action in individual stocks.

While the S&P BSE Sensex slipped nearly 100 points on Tuesday, over 200 stocks on BSE and nearly 100 stocks on NSE generated buy signals on the technical charts based on ‘Stochastics Oscillators’.

Mumbai: Reliance Industries Ltd’s (RIL) third-quarter report card may not have had the stock market excited, but the energy company expects its gross refining margins (GRMs) to stay in double digits going forward.

GRM is what a refiner earns from turning every barrel of crude oil into fuel. RIL announced its third-quarter results on 16 January.

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