Jio Platforms opened at ₹1,358, a 21.36% premium over the ₹1,119 issue price, and finished the session at ₹1,419, up 26.81% from its IPO level. The 88% of Nifty 50’s total turnover was captured by the telecom operator, with a combined ₹26.57 cr traded on NSE and BSE.
The market value surged from ₹12.5 lakh crore at open to ₹13.1 lakh crore by close, placing Jio Platforms as India’s second‑most valuable listed company and the largest telecom operator on the exchange.
Turnover figures put Jio Platforms in stark contrast to peers: Bharti Airtel traded ₹2.83 cr, Reliance Industries ₹2.57 cr, and Larsen & Toubro ₹2.36 cr, while the telecom giant alone accounted for nearly 88% of the Nifty 50’s ₹30,152 cr.
Brokerages Nomura and Motilal Oswal launched coverage on the stock, setting price targets between ₹1,340 and ₹1,435, a notch above Bloomberg’s 12‑month consensus of ₹1,373.
With the IPO complete, Jio Platforms will shift focus to its December 2026 annual report and potential dividend declaration. Traders will keep a close eye on the next session for any volatility after the initial surge.
Reliance Industries’ market cap now sits at ₹16.2 lakh crore, a slight edge over Jio Platforms’ ₹13.1 lakh crore, reinforcing the conglomerate’s status as India’s most valuable grouping.