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Sarathi Research

5th Jan · SEBI-Registered Analyst

Reliance Industries Hits Fresh High as Oil Stocks Rally

RELIANCE
Shares of Reliance Industries climbed sharply today on the NSE, hitting a 52-week high as strong buying interest returned to oil and gas stocks following renewed geopolitical developments. Other energy names such as ONGC, Oil India and Indian Oil Corporation also gained up to 2 per cent, lifting the overall momentum in the sector. Investors reacted to global cues and risk appetite improved in early trading. The broader market opened with mixed sentiment, but Reliance’s performance helped support the Nifty50 index. Traders noted that crude-linked companies were benefiting from volatility in international energy markets. Domestic liquidity flows remained positive, attracting renewed attention to heavyweight equities. Overall, energy stocks outperformed many cyclicals throughout the session. Disclaimer: Investments in securities are subject to market risk. This is for educational purposes only .Investors must verify information before investing and consider their financial position and risk profile. please read full disclosure disclaimer.

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