Mumbai: Reliance Industries Ltd (RIL) on July 8 remained in the limelight scoring impressive gains at the mid-session on the Bombay Stock Exchange (BSE) dispelling fears that the death of the Reliance group patriarch Dhirubhai Ambani would have adverse impact on the market.

Ambani, who was once considered the driving force behind the bourse, died on July 6 after a 13-day battle for survival at the Breach Candy Hospital.

Market sources reiterated that Ambani's death would not have any impact on the group companies shares as both the sons Mukesh and Anil, have been running the empire for quite some time.

Shares of RIL shot up to a high of Rs 273 and were quoted at Rs 271.70 at the mid- session as against the July 5 close of Rs 263.30. Shares of RPL also were quoted up at Rs 24.30 from previous close of Rs 23.60.

Financial institutions, reportedly led by Life Insurance Corporation (LIC), were purchasing RIL shares.

PTI