Reliance Capital gains as RBI likely to give bank licenses
Posted By: Religare
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Shares of Reliance Capital rose over 3 per cent in early trade on Bombay Stock Exchange (BSE) after the Reserve Bank of India (RBI) said it would hand out new banking licences within the next 10-15 days.
The shares of company rose as much as 3.90 per cent to trade at Rs 355 a piece on the BSE. In a similar fashion, shares of the company rose 4.24 per cent to Rs 355.40 a piece on National Stock Exchange.
Meanwhile, the broader benchmark Sensex was quoting at 22,529.20, up 82.76 points or 0.37 per cent at 10:49 hours.