Mumbai: Reliance Industries rose by nearly 2% to hit a 1-month high at the Bombay Stock Exchange on heavy buying by investors, driving the broader market index Sensex up.
Shares of the index heavyweight gained 1.85% to touch a month-high of Rs 1,067.70 on BSE in morning trade. The scrip had closed nearly 1% up at Rs 1,048.25 in the previous trading session.
RIL moved up by 1.46% to Rs 1,065 on the National Stock Exchange.
In terms of volume, over 22 lakh shares of the energy major were traded within the first hour of the trade.
The BSE oil and gas index was quoting higher by 126.27 points at 10,931.93, led by gains in major energy companies, including ONGC which was up 0.76%, Cairn India 2.71%, Gail (India) 0.95%, Essar Oil 2.08%.
Driven by gains in RIL, the broader gauge Sensex was trading up 88 points at 20,334.83 points.