Oil Stocks Rally India: The whole world is keeping an eye on the dispute between America and Venezuela. There has been sudden increase in buying of shares of oil companies having links with Venezuela in the Indian domestic market on Monday. The country’s leading oil companies seem to be getting the biggest benefit from this stir. Due to which the interest of investors has also increased rapidly.

Amidst this environment, there was a tremendous rise in the shares of Reliance Industries. The company’s shares reached record levels. Within a few minutes, an increase of more than Rs 25 thousand crore was recorded in the market valuation of the company. Apart from this, shares of government oil companies like ONGC, Oil India and Indian Oil Corporation have also seen a rise of about 2 percent. Let us know the condition of these companies in the stock market…

Reliance company shares become rocket

There was a tremendous rise in the shares of Reliance Company on the trading day of Monday, January 5. The company’s shares on BSE had reached Rs 1611.20 with an increase of 1 percent in early trading.

Which is the company’s 52-week high level. At around 1 pm the company’s shares were trading at Rs 1590.50, down 0.12 percent or Rs 1.95. Company shares started the day at Rs 1592.50. The company shares had closed trading at Rs 1592.45 on the last trading day.

Big jump in valuation of Reliance

This rise has directly benefited the market valuation of Reliance Industries. At market close last week, the value of the company was around Rs 21,54,978.60 crore. Which increased to Rs 21,80,351.99 crore in Monday’s trading session. That means, in a short time, there has been an increase of more than Rs 25,373 crore in the valuation of the company.

Shares of these companies also rose

There was a good rise in the shares of the concerned companies during the trading session. ONGC shares rose 2.09 per cent, while Oil India gained 0.72 per cent. Shares of Indian Oil Corporation had reached the day’s high with a rise of 1.19 percent. At the same time, a strong rise of 2.56 percent was seen in the shares of HPCL.

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