RIL shares jump over 6%; market valuation crosses Rs 11 trn mark

Earlier in the day, Ambani announced that Reliance Industries had become net debt-free after raising a record Rs 1.69 trillion from global investors and a rights issue in under two months

Shares of Reliance Industries on Friday jumped over 6 per cent after Mukesh Ambani announced that his oil-to-telecom conglomerate had become net debt-free.

Following stellar gains in its share price, the company's market valuation rose by Rs 65,477.03 crore to reach Rs 11,15,418.03 crore on the BSE. The company became the first Indian firm to achieve the milestone of crossing Rs 11 trillion market valuation mark.

The heavyweight stock zoomed 6.23 per cent to close at Rs 1,759.50 on the BSE. During the day, it soared 7.99 per cent to Rs 1,788.60 -- its all-time high.

On the NSE, it