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Reliance Industries (RIL) shares surged than 5 per cent on Thursday after its Board decided to implement a scheme of arrangement to transfer Gasification Undertaking into a wholly-owned subsidiary.
The 30-share BSE Sensex closed 454.10 points or 0.78 per cent up at 58,795.09. Likewise, the 50-share NSE Nifty index settled 121.20 points or 0.70 per cent up at 17,536.25.
Reliance Industries, Infosys, Kotak Mahindra Bank, HDFC Bank, ITC, Bharti Airtel and Tech Mahindra were among the top movers in the Sensex.
Eight of 15 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Auto index's nearly 1 per cent decline.
At the end of Thursday’s trading session, RIL shares traded at Rs 2,494.40 or 6.10 per cent higher. On the other hand, shares of the conglomerate jumped 6.36 per cent to Rs 2,501 on the NSE.