Reliance shares mixed after Trump says US to get new oil refinery with Ambani backing

The stock of Reliance Industries Ltd. was trading mixed after US President Donald Trump highlighted the role of India’s largest company to build an upcoming oil refinery in Brownsville, Texas.

Reliance Industries’ share price rose as much as 1.78% to ₹1,434.00 apiece on the National Stock Exchange but soon gave up all the gains to trade up to 0.54% lower. That, even as the benchmark Nifty fell up to 0.50%.