Reliance Capital AMC has managed to collect over Rs 5600 crore through Reliance Natural Resources Fund offer. The fund focused on natural resources got a better than expected response even after a low investor confidence due to recent stock market crash. Reliance Natural Resources fund can invest 70 -100 percent of total funds in domestic stocks. An investment of up-to 30% can be made in global securities as well.

The New Fund Offer received a good response from investors as Energy sector looks promising over a period of 2 – 4 years. Reliance Mutual fund CEO Mr. Vikrant Gugnani said that the allotment process will be finished by the end of February. Reliance Mutual fund has over Rs. 77,000 crore in Assets under management as per the figures of January this year.

Reliance Capital has been gaining for past few trading sessions. The stock touched a high of Rs. 2104 today and closed at Rs. 2081 with a gain of 4.3 percent.

Oil stocks closed with decent gains today as government announced hike in price of Petrol and Diesel.

Stock markets closed higher today after a weak start. The US stock markets closed weak on Thursday and some counters were seen under selling pressure in start of trading session. Stock markets ended the day with decent gains compared to Thursday’s close.