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

November 29, 2019 00:33 JST

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