Reliance overtakes TCS to become most valued firm again after a 10% jump in shares
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Mukesh Ambani owned Reliance Industries limited went past TCS to become the most valued domestic firm by market capitalisation during morning trade following a spike in its share price. The company's scrip zoomed 9.74 per cent to ₹1,035 on the BSE. The company's market valuation also rose to ₹6,49,838.31 crore. Several reports suggested that Facebook is mulling over buying some stocks in Reliance's telecom unit, Jio.