Global marketsUpdated November 3

Reliance’s record surge adds more than $19 billion in market value.

Reliance shares climbed nearly 12% after quarterly profit beat expectations, adding more than $19 billion to the company’s market value. Bloomberg called it the biggest single-day gain for an Indian company and reported that the surge lifted the Nifty. That $19 billion-plus is the company’s market-value gain, separate from the $8.5 billion the same rally added to Ambani’s estimated fortune.

1 publisher2 reports

Coverage started November 2