RIL shot up by over five and a half per cent amid reports that a government panel has convened a meeting to clear the company's KG-D6 annual investment plans that have been pending for two years.
Today's surge was also attributed to buoyancy in international markets on the back of stronger-than-expected US jobs data and positive comments from European Central Bank.
Besides, assurance from the Finance Minister P Chidambaram to modify policies to regain investor confidence and CMIE's projection of 24.5 per cent hike in corporate India's net profit in FY13 on the back of softening of commodity prices also weighed on trading, according to brokers.
The 50-share Nifty galloped to a high of 5,293.20 before closing at 5,282.55, a steep rise of 66.85 points or 1.28 per cent, over the last close.
Reliance, Tata Motors, JP Associates, Gail, Kotak Bank, Axis Bank, DLF, HDFC Bank, Reliance Infra and Bajaj Auto were the top percentage-wise gainers from the Nifty bunch.
Among the losers were BPCL, Wipro, Dr Reddy's, TCS, ITC, NTPC, Asian Paint, Cairn, Coal India and Bharti Airtel.
The turnover in cash segment declined to Rs 8,639.24 crore against Rs 8,903.67 crore last Friday. In all, 5,015.8 lakh shares changed hands in 45,23,776 trades. Market capitalisation stood at Rs 60,06,509 crore.
