The NSE benchmark Nifty surged to fresh all-times high today, tracking higher global markets after the US Federal Reserve signalled gradual rate hikes, soothing investors who had feared faster rate hikes.
The Nifty rose to a fresh all-time high of 9,152 while Sensex gained as much as 217 points.
The inter-se transfers of shares have not resulted in any change in overall promoter group shareholding in Reliance Industries Ltd (RIL).
The stock market however ended nearly unchanged a day after the broader NSE index hit a record high and the benchmark BSE index hit two-year highs.
The Nifty fell 2.2 points to 9,084.8 while the Sensex settled 44.52 points lower at 29,398.11.
The MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent after posting its second-biggest daily gain this year in the previous session.
Cheering the BJP's landslide win in Uttar Pradesh, the Nifty soared to new all-time highs on Tuesday. The Sensex rose as much as 600 points to 29,561.93.
The public issue is being managed by IDBI Capital Markets & Securities and Elara Capital (India) Pvt Ltd.
Prime Minister Narendra Modi's big win in the key battleground state of Uttar Pradesh at the weekend cheered investors who see it giving the greenlight for more business-friendly reforms.
The stock markets are expected to move higher in coming days after a thumping victory for the BJP in Uttar Pradesh elections, say market experts.
The broader Nifty moved to new all-time high of 9,122 while the Sensex rallied a whopping 616 points.
Sumeet Bagadia of Choice Equity Broking said Nifty could hit 9,100 levels on Tuesday.
PM Modi's victory in Uttar Pradesh strengthens his claim to a second term in national elections in 2019.
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 per cent, led by gains in tech-heavy South Korean shares and Taiwanese shares.
The rupee strengthened to 66.60/66.61 per dollar, the highest since November 9, from its previous close of 6.7125/66.7225.
Expectations that Modi's win could also attract more foreign investors are also likely to lift the rupee, analysts said.
Market observers were of the view that the victory of the BJP in UP is of most political importance and would infuse positive sentiments in the domestic bourses.
Avenue Supermarts on Tuesday raised nearly Rs 561 crore by allotting shares to anchor investors.