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RIL Shares Trading: In terms of market value, the shares of Reliance Industries (RIL), the country’s largest company, will not be available for trading till 10 am today. This means that you will not be able to buy or sell RIL shares for the first 45 minutes of trading. In yesterday’s (Wednesday) trading, the stock of Reliance Industries closed at a record high of Rs 2840 on BSE.
Why there will be no trading in Reliance Industries shares till 10 am
Due to the demerger of shares of Jio Financial Services, a pre-open call auction session will run from 9 am to 10 am today in the shares of Reliance Industries. You can place, modify or cancel orders only during this session. The price at which the highest price of the shares is matched will be considered as the opening price of its shares at 10 am when trading is resumed.
What will be the price of shares of Jio Financial Services Limited?
According to today’s closing price of Reliance Industries and the price received during the special session, the price of its shares will be considered as ‘constant price’. For example, if the share of Reliance Industries opens at Rs 2500 (the level at the end of the special session), then the share price of Jio Financial Services Limited will be considered at Rs 340.
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