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Reliance Industries shares: The stock was trading at Rs 2,612 on NSE at 10.09 am, up 1.24 per cent. This was after the scrip settled at Rs 2,580 (ex-financials) as it turned ex-date for demerger.
JFS' derived price was based on the difference between RIL's previous close of Rs 2,841.85 and the price discovered at Rs 2,580 in the pre-open session.
On the earnings front, Reliance Strategic or Jio Financial reported a net profit after tax of Rs 145 crore for April-June (Q1 FY23) based on revenue of Rs 215 crore.
Jio Financial Services: The demerged entity of Reliance Industries said its consolidated net profit after tax for the first quarter stood at Rs 331.92 crore on a total income of Rs 414.13 crore.
ITC, Kotak Mahindra Bank, ICICI Bank, Maruti, Bharti Airtel, State Bank of India, Sun Pharmaceutical Industries, Axis Bank, Reliance Industries, Hindustan Unilever and JSW Steel were the biggest gainers