New Delhi, March 20 -- Reliance shares have displayed remarkable resilience this month despite a sharp selloff in the Indian stock market. While the Indian stock market benchmarks- the Sensex and the Nifty 50- have lost almost 8% each in March so far, shares of the Mukesh Ambani-led oil-to-telecom-to-retail conglomerate, Reliance Industries (RIL), have climbed more than 2% this month, looking set to snap their two-month losing run. Notably, the Sensex and the Nifty 50 appear on course to extend losses for the fourth consecutive month.

Reliance share price rose more than 3% in intraday trade on Friday, March 20, on the NSE, a day after falling 1.7%.

Friday's gains in stock prices can largely be attributed to improving market sentiment an...