The domestic share market opened with a surge today, with the BSE Sensex witnessing a gain of over 700 points. Reliance Industries, Mukesh Ambani's company, saw its shares rise by more than 3%, further fueling the market's upward momentum.
Share Market: India's stock market has once again broken records. The domestic share market experienced a significant surge today, with the BSE Sensex jumping over 700 points. One of the primary reasons for this surge is the stellar performance of Reliance Industries, Mukesh Ambani's company. The company's shares witnessed a rise of over 3%, bringing cheer to investors. This gain not only benefited Reliance investors but also provided a new impetus to the entire Indian stock market.
Sensex and Nifty's Excellent Start
In today's trading, the BSE Sensex opened at 79,643.33 points, up 430 points or approximately 0.54%. Subsequently, at 9:38 AM, the Sensex saw a rise of 702.30 points (0.89%), reaching 79,914.83 points. Similarly, the National Stock Exchange (NSE)'s Nifty 50 index opened at 24,195.35 points, up 156 points (0.65%).
Besides Reliance Industries, Mahindra & Mahindra shares also saw a 2% increase. Major banking stocks like SBI and ICICI Bank also witnessed a rise of 1% to 2%. However, some companies experienced a decline in their share prices, including HCL Tech, Nestle India, Maruti Suzuki, Asian Paints, and UltraTech Cement.
Reliance Industries: Record Profit in Q4
Reliance Industries has demonstrated a remarkable performance this year. The company reported a profit of ₹19,407 crore for the quarter ending March 2025, a 2% increase compared to the previous year. This profit significantly exceeded market analysts' estimates of ₹18,471 crore, highlighting the company's exceptional performance. Reliance's share price reached ₹1,343 in early trading, a record high, with a 3.3% increase.
The company's results boosted investor confidence, leading to the surge in Reliance Industries' share prices. This benefited not only Reliance investors but also the overall stock market.
Expert Opinion: Where Can Reliance's Share Price Go?
Following Reliance Industries' outstanding performance, several leading market analysts have shared their opinions on the future of the company's share price. Motilal Oswal maintained a 'Buy' rating on Reliance, raising its target price to ₹1,515. CLSA also gave Reliance an 'Outperform' rating, setting its target price at ₹1,650.
Major analysts like Nomura and JP Morgan also hold a positive outlook for Reliance's shares, setting target prices at ₹1,650 and ₹1,530, respectively. Other prominent brokerage houses such as Macquarie and Nuvama have also given 'Outperform' and 'Buy' ratings for Reliance shares, with target prices ranging from ₹1,500 to ₹1,708.
Excellent Opportunity for Investors
This surge in Reliance Industries' share price benefited over 3.7 million investors. Its impact was not limited to the company's shares but also propelled the entire Indian market upwards. Market experts believe that Reliance's share performance may improve further in the coming period, offering good returns to investors who have included it in their portfolios.
Today's robust trading day demonstrated the positive direction of the Indian stock market. Reliance Industries' strength infused the market with renewed enthusiasm. The b performance of Mahindra & Mahindra and other major companies also contributed to the positive market sentiment. Although some companies saw a decline in their share prices, the market as a whole had an excellent start.
