RIL up 9% in Nifty's 350-point July rally. SBI gains 5%, Tata Motors up 7%

Nifty hit its lifetime high of 9,885.15 in intraday trade today

The Nifty50 index rallied over 350 points or nearly 4% in July so far with Reliance Industries contributing most in the gains.

RIL, which holds over 7% weightage in the benchmark index, contributed over 9% to the index so far in July. The stock surged as much as 9.5% to Rs 1,511 on NSE till Wednesday. By comparison, the Nifty50 advanced 3.8% or 361 points to 9,816 during the same period. 

The index, continuing its record-breaking spree for the fourth straight session, hit its lifetime high of 9,885.15 in intraday trade today. At 11:00 am, the Nifty50 was trading at