RIL is first Indian firm to hit Rs 12 lakh crore market cap

 In the morning, RIL’s market capitalisation was at over Rs 12.23 lakh crore. Its shares on the BSE were trading at Rs 1,933, higher by Rs 54.50 or 2.90 per cent from its previous close.

 The bull run in RIL shares continued on Monday after the company announced another investment coming into Jio Platforms.

 RIL on Sunday announced Qualcomm Ventures, the investment arm of Qualcomm Incorporated has committed to invest up to Rs 730 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. With the investment Qualcomm Ventures will pick up a 0.15 per cent stake in Jio Platforms.

 With the latest investment, total investments into Jio Platforms have crossed Rs 1.18 lakh cr so far.

 The key Indian equity indices rose on Monday morning with the BSE Sensex gaining over 300 points, tracking gains in the Asian indices. The Nifty50 on the National Stock Exchange (NSE) also was trading above the 10,800-mark. Healthy buying was witnessed in IT, oil and gas and FMCG stocks. Sensex was trading at 36,906.45 in the morning hours, higher by 312.12 points or 0.85 per cent from its previous close of 36,594.33. It opened at 36,880.66 and touched an intraday high of 37,024.20 and a low of 36,845.48 points.

 Nifty50 was trading at 10,856.45, higher by 88.40 points or 0.82 per cent from its previous close.