Reliance Capital saw its shares going up by 10 per cent on the BSE. This happened after it entered into a deal with Japan's Nippon Life Insurance. As per it, Nippon is going to take over 26 per cent in its insurance arm for $680 million.

Presently, Reliance Capital holds 100 per cent stake in Reliance Life Insurance. The markets loved it and the stock went up by 9.72 per cent to be at Rs 561.80 a piece on Bombay Stock Exchange (BSE).

During the intraday trading the stock rose by 10.43 per cent to Rs 565.50. Same was the case with NSE where the script was up by 9.90 per cent to be at Rs 562.85 a piece. During the whole period some 1 crore shares were traded.

This is the largest FDI deal that has taken place in the Indian financial services sector.

Because of Reliance Capital, the performance of ADAG stocks also did well and Reliance Communications stocks gained 4.36 per cent followed by Reliance Infrastructure that ended 3.48 per cent higher and then there was Reliance Power which was 3.58 per cent up.