Reliance Industries becomes first Indian company to cross Rs10 lakh cr market cap

Reliance Industries' market capitalisation on Thursday touched the Rs. 10 lakh crore mark for the first time  ever. Reliance Industries shares registered mild gains, touching Rs. 1,581.25 apiece on the BSE at the strongest level in morning deals. At that level, the billionaire Mukesh Ambani-led conglomerate's market value - or MCap - touched Rs. 10,02,373.86 crore, stock exchange data showed. At Wednesday's closing price of Rs. 1,569.75, RIL's market value had stood at Rs. 9,95,083.87 crore, the data showed.

Reliance Industries had only last month crossed the market capitalisation of Rs. 9 lakh crore for the first time ever, becoming the country's most valuable company.

Behind the oil-to-telecom conglomerate is Tata Consultancy Services (TCS) - India's largest IT services exporter - with a market value of Rs. 7,84,210.88 crore at the day's strongest mark. TCS shares rose as much as 1.78 per cent during the session.

At 10:34 am, the Reliance Industries stock traded 0.38 per cent higher at Rs. 1,575.70, outperforming the benchmark Sensex index which was up 0.13 per cent. TCS shares were up 1.34 per cent at Rs. 2,081.00 apiece on the BSE at the time.

(With inputs from NDTV)