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RIL credit rating upgraded by S&P Global on cash flow stability

pre-market1 source ↓written by the desknot a recommendation

of operating cash
60%

Reliance Industries Ltd. has received a credit rating upgrade from S&P Global, raising its long-term issue ratings to 'A-' from 'BBB+' with a stable outlook. The upgrade reflects improved cash flow stability from less cyclical consumer-facing businesses.

Analysts expect digital services and retail to contribute 60% of operating cash flow by fiscal 2026, reducing reliance on the volatile oil sector. This shift is likely to enhance earnings quality and support ongoing investments.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 5 Dec 2025, 07:03 IST.

Sourcesnews.google.com

The market after the news

RELIANCE closed +0.3% on the day of the news, from ₹1,535.60 to ₹1,540.60; Nifty +0.6% over the same session; futures OI −1.2%.

Bulletin at 07:03 IST on 5 Dec 2025. Every change is measured from ₹1,535.60, the last close before it, on 4 Dec. Nifty 50 is measured over the same sessions.

  • RELIANCE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
RELIANCE closes around the bulletin against the close before the news, with Nifty 50 rebased to it142915361642axis spans 15%before the news · 4 Dec1536Nifty 50RELIANCEbulletinD0+1+3+528 Nov10 Dec19 DecFutures open interest, lotspeak 2.2 LReference close ₹1,535.60. 16 sessions from 28 Nov to 19 Dec; the price axis spans 15 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before4 Dec₹1,535.60basebase
On the day5 Dec₹1,540.60▲ +0.3%▲ +0.6%−0.3 pp difference
+1 session8 Dec₹1,543.00▲ +0.5%▼ −0.3%+0.8 pp difference
+3 sessions10 Dec₹1,536.90▲ +0.1%▼ −1.1%+1.1 pp difference
+5 sessions12 Dec₹1,556.50▲ +1.4%▲ +0.1%+1.3 pp difference
Gap at the open, % · ₹
▼ −0.3%−5.22 on 5 Dec
Day's range, % · ₹
1.6%≈ 25 high to low
Volume on the day
1.00×the 20-session average
Futures OI on the day
▼ −1.2%−2,500 lots · short covering · price +0.3%
Futures OI open, lots
2.1 L5 Dec · 30 Dec expiry
Futures premium, ₹
+8.60+0.6% to spot
Puts per call, by OI
0.55from 0.53 the session before
Max pain
1,540from 1,550 the session before

Source NSE UDiFF bhavcopy · RELIANCE on the desk →

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