"My understanding is that Reliance is a 25% compounder for the next 10 years. If you want to look at Reliance from a six-month period or for a year, I am not an expert on that."
Sensex, Nifty close flat; Metal, PSU bank stocks shine
June 02, 2021
The benchmarks made late-hour recovery as Reliance inched up
Market ended on a flat note for the second consecutive day. After plunging over half a per cent in the first half, benchmark indices rebounded in the closing hours, led by a sharp recovery in Reliance Industries, metals and PSU bank stocks.
However, IT stocks, HDFC logged losses due to profit taking.
The BSE Sensex closed at 51,849.48, down 85.40 points or 0.16 per cent. It hit an intraday high of 51,913.92 and a low of 51,450.58. Nifty 50 closed at 15,576.20, up 1.35 points or 0.01 per cent near the day’s high of 15,597.45. It hit an intraday low of 15,459.85.