The move came after the company offered financial guarantees to the government to settle any claims against it over a shortfall in its gas output.

Reliance shares were up 1.4 percent at 9.25 am, outperforming a 0.2 percent gain in the Nifty.

The benchmark BSE Sensex on Friday recovered over 117 points in early trade on emergence of buying by funds in oil and gas, IT, banking and consumer durables sector stocks amid a mixed Asian trend.

The 30-share barometer rose by 117.10 points, or 0.56 percent, to 20,825.72. The index had lost 151.24 points in the previous session.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 25.65 points, or 0.42 percent, to 6,192.30.

JPN/Agencies

Latest News from Lifestyle News Desk