Reliance leads rally: Shares touch 52-week high; market cap tops Rs 21 lakh crore

Reliance Industries extended its gaining run on Wednesday, with the stock rising nearly 2% and pushing the company’s market valuation above Rs 21 lakh crore. The benchmark heavyweight closed at Rs 1,569.75 on the BSE after touching an intraday 52-week high of Rs 1,571.80. According to PTI, the stock gained 1.99% on the exchange and 1.96% on the NSE, where it also hit a fresh yearly peak of Rs 1,571.60. Reliance’s market capitalisation stood at Rs 21,24,259.89 crore at the close of trade, with Wednesday marking the second consecutive day of gains after a modest rise on Tuesday. The blue-chip counter has now surged more than 29% in 2025.The rally in Reliance also lifted the broader market, with the Sensex climbing 1,022.50 points to 85,609.51 and the Nifty advancing 320.50 points to 26,205.30. “FII buying returned on Tuesday, reinforcing bullish sentiment, while heavyweights including HDFC Bank, ICICI Bank and Reliance Industries added stability to the rally,” said Gaurav Garg, Research Analyst at Lemonn Markets Desk, as quoted by PTI.