Today the bank is valued at Rs 6.7 lakh crore in terms market capitalisation, which increased from just Rs 440 crore in 1995.
The immediate requisite for unlocking the directional momentum play would be a definitive close above 11,950-12,065 zone.
Nifty is trading above all important moving averages 20/50/200 DMA indicating price action is in favour of bulls.
Long-term investors should pick their favourite mid and smallcap shares gradually over the next few months, experts say.
Within the recovery theme, sectors like low-ticket consumer durables, cement, hotels and multiplexes are expected to do well.
Telecom companies will submit undertaking to pay AGR dues as per Supreme Court order and will pay 10 percent upfront.
Infosys fired almost on all cylinders in June quarter earnings, which gave confidence to investors and as a result six out of 10 fund houses raised exposure to the stock last month.
India's stock market remains one of the most promising emerging markets of the world with tremendous growth potential as several structural reforms initiated by the Narendra Modi-led government assures that tomorrow belongs to India.
We would advise to buy Bank Nifty on some dips towards 21,300 for targets of 21,750-21,800.
Investors should try to add the stock on any healthy correction, as RIL is likely to outperform the index.
Viram Shah of Vested Finance also said Jio has played a pivotal role in the acceleration of data adoption in the country.
Kotak valued the overall retail business at an enterprise value of $62 billion.
RIL, being the only listed entity having a market cap of more than Rs 12 lakh crore, has successfully achieved its target - set in the last AGM - to become a net debt free well before its schedule of March 31, 2021
Interventions by governments and central banks have prevented the economic situation from deteriorating significantly but it is unlikely that the recovery will be a V-shaped one, say experts.
The market's valuations have turned higher than long-period average and investors should be cautious and selective in picking stocks, say experts .
The Nifty50 and the Sensex have rallied 41 percent from the lows of March 23, with leading sectors gaining 32-55 percent during the period.
SBI's economists say the surge in equity markets is not linked to economic recovery and maybe a sign of irrational exuberance.
Having a highest market capitalisation of more than Rs 10 lakh crore, RIL share price rallied 80 percent from its March lows largely driven by its telecom business which has been flourishing and Jio deals with marquee investors.
Reliance Industries is progressing well with Saudi Aramco to sell a 20 percent stake in O2C business, which will significantly add net cash and make it financially stronger.
Aashish Somaiyaa of Motilal Oswal Asset Management Company advised that one should avoid panic and remain invested.
Reliance has so much of hidden value which could be seen in their share price in coming years.
The overall risk profile to the trade is similar as was before which is exposure to Reliance Industries equity and its price movements.
Experts continue to warn that the market will keep oscillating between rise and fall and one must remain cautious while taking a call for trade.
Vineeta Sharma of Narnolia Financial Advisors also advised investors to apply for shares in the rights issue.
All credit goes to three back-to-back deals that took place in Jio Platforms, the 100 percent subsidiary of Reliance Industries