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Supreme Court approves Reliance's Mumbai coastal road project

The Supreme Court dismissed a petition against Reliance's ₹1,250 cr coastal road project in Mumbai, allowing the company to proceed with its master plan. This decision is expected to strengthen Reliance's position in urban infrastructure development.

after close1 source ↓written by the desknot a recommendation

tender awarded
₹1,250 cr

The Supreme Court of India dismissed a petition challenging a ₹1,250 cr tender awarded to Reliance Industries for a coastal road in Mumbai. The court found the petition without merit and directed the Municipal Corporation to consider Reliance's master plan layout for the project, emphasizing the need for urban infrastructure improvements.

This ruling may enhance Reliance's project pipeline and bolster investor confidence in its infrastructure ventures.

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 24 Jun 2026, 16:15 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

RELIANCE closed +0.3% on the day of the news, from ₹1,313.60 to ₹1,318.10; Nifty +0.1% over the same session; futures OI −1.0%.

Bulletin at 16:15 IST on 24 Jun 2026. Every change is measured from ₹1,313.60, the last close before it, on 24 Jun. 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 it122213141405axis spans 15%before the news · 24 Jun1314Nifty 50RELIANCEbulletinD0+1+3+518 Jun1 Jul10 JulFutures open interest, lotspeak 3.0 LReference close ₹1,313.60. 16 sessions from 18 Jun to 10 Jul; 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 %
Before24 Jun₹1,313.60basebase
On the day25 Jun₹1,318.10▲ +0.3%▲ +0.1%+0.2 pp difference
+1 session29 Jun₹1,301.00▼ −1.0%▼ −0.3%−0.7 pp difference
+3 sessions1 Jul₹1,308.00▼ −0.4%▼ −0.1%−0.4 pp difference
+5 sessions3 Jul₹1,304.00▼ −0.7%▲ +1.0%−1.8 pp difference
Gap at the open, % · ₹
▲ +0.3%+4.33 on 25 Jun
Day's range, % · ₹
1.0%≈ 13 high to low
Volume on the day
0.70×the 20-session average
Futures OI on the day
▼ −1.0%−2,800 lots · short covering · price +0.3%
Futures OI open, lots
2.8 L25 Jun · 30 Jun expiry
Futures premium, ₹
−1.60−0.1% to spot
Puts per call, by OI
0.54from 0.51 the session before
Max pain
1,330from 1,330 the session before

Source NSE UDiFF bhavcopy · RELIANCE on the desk →

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