Shares of Reliance Industries Limited were in heavy demand on Wednesday, rising nearly 4 per cent, with its market valuation again crossing the historic Rs 20 lakh crore mark.
The bellwether stock jumped 3.60 per cent to settle at Rs 2,987.85 apiece on the BSE. During the day, it zoomed 4 per cent to Rs 2,999.90.
On the NSE, it climbed 3.48 per cent to Rs 2,983.75 per share.
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The volatility in the global equities has not taken the sheen off the primary market as four initial public offerings (IPOs) worth over Rs 11,850 crore have sailed through in the first week of August.
And this trend is likely to continue as 25 firms, with approvals from the Securities and Exchange Board of India (Sebi), are set to hit the market to raise around Rs 22,000 crore, according to data from PRIME Database.
Some of the big names that have secured the market regulator’s approval include Bajaj Housing Finance, Asirwad Micro Finance, Premier Energies, Arkade Developers and Northern Arc Capital.
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