New Delhi, March 12 -- Shares of Reliance Industries Ltd (RIL) edged higher on Thursday even as broader markets remained under pressure, after US President Donald Trump, yesterday, announced plans to build a new oil refinery in Texas with the support of investment from the Mukesh Ambani-led conglomerate.

From a technical standpoint, Reliance Industries is currently moving through a consolidation phase following the recent correction, with the stock attempting to stabilise around key support levels, according to a market expert. Market participants are closely watching whether the stock can regain momentum and move back toward the Rs.1,500 mark, though near-term sentiment remains cautious as the stock continues to trade below important re...