Reliance stocks zoom on Ambani's get-together

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Reliance stocks zoom on Ambani's get-together
In the midst of market volatility, the stocks of Ambani brothers-led companies lifted up on Tuesday on Indian bourses over the news of family reunion.

Both the billionaire brothers are meeting up for the first time for a family get-together after a split which happened seven years ago. They are gathering in Chorwad, the native place of Dhirubhai Ambani for their father's 80th birth anniversary.

The stock of Mukesh Ambani's Reliance Industries touched a high of Rs 768, up by 1.05%, Anil Ambani's Reliance Communications was up by 3.60%.

Reliance Infra rose 1.93%, Reliance Media gained 2.47%, RIIL was up by 2.66% and Reliance Capital rose 2.17%.

Reliance stocks posted significant gains on Tuesday after Kokilaben Ambani, mother of two brothers Mukesh and Anil told reporters that the two brothers do not have any differences between them and that they are together now.

Meanwhile, Sensex and Nifty sat on a wild swing of ups and downs. At 12:19 pm IST, the benchmark Sensex was at 15,976, up by 0.04% or 6.16 points, while NSE Nifty was at 4,776.85, down by 0.04% or 2.15 points.

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