Record $277-billion rally! Nvidia’s single-day surge is more than Reliance’s total market value

Valued at Rs 20 lakh crore, Mukesh Ambani’s Reliance Industries (RIL) looks like a mammoth on Dalal Street. But for the titans of Wall Street, this is loose change. Chipmaker Nvidia shares soared over 16% overnight and added $277 billion to its market capitalisation in just one day. In dollar terms, RIL is just about $243 billion.