Why did the Sensex jump by over 520 points on Friday 19 June?

Despite the uncertainties on the Indo-China border, the markets did not give too much credence to the geopolitical risk as the markets believed that such a fight will not be sustainable for both the nations. Consequently, Indian stocks ended over 1.5% higher with the Sensex gaining 523 points. Of course, Reliance was again the start of the day.

Interestingly, the shares of Reliance Industries Ltd closed at an all time high level of Rs.1764 and that resulted in the market cap of RIL crossing the Rs.11 trillion level for the first time in its history. It also becomes the most valuable Indian company ever. Apart from RIL, other stocks like Bajaj Finance, Maruti Suzuki, ICICI Bank, SBI and ONGC also fired up the index.