Reliance sets Indian stock market record despite slowing economy

Mukesh Ambani's group crosses 10tn rupee line as Sensex hits all-time high

20191129 Mukesh Ambani and Reliance logos

Mukesh Ambani's Reliance Industries has become the 14th-most valuable listed company in Asia. © Reuters

ROSEMARY MARANDI, Nikkei staff writer

MUMBAI -- Billionaire Mukesh Ambani's conglomerate Reliance Industries on Thursday became the first Indian company to reach a market capitalization of 10 trillion rupees ($140 billion), ahead of data expected to show a deep slowdown in Asia's third-largest economy

The feat by Reliance Industries, which spans oil, chemicals, telecommunications and retail, suggests the country's most valuable company is weathering the slump.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.