Investors in nine companies of the two Ambani brothers’ groups were richer by nearly Rs 18,000 crore by a single day, driven by the massive spurt in the stocks of RIL and ADA Group companies following their decision to smoke the peace pipe by terminating all the non-compete agreements effected in January 2006.

Shares of RIL surged 2.58 per cent to settle at Rs 1,021.45 on the Bombay Stock Exchange. During the trade the stock jumped 5.34 per cent to touch an intra-day high of Rs 1,049. As a result, the market capitalisation of Reliance Industries soared by Rs 8,405 crore to Rs 3,34,060 crore at the end of the trade today.

The market valuation of other ADAG stocks also saw considerable growth today with RCom and Reliance Power adding the most. M-cap of RCom rose by Rs 2,992.75 crore to Rs 30,526.86 crore, while RelPower saw a growth of Rs 2,612.51 crore with its m-cap settling at Rs 35,844.14 crore..

There was a rise in stock prices of all other companies from the two groups also. Market players see this as a clear sign of the Street’s confidence that the end of dispute is a step in the right direction for all. During the time when the controversy raged, the stocks of the Ambani-owned companies had witnessed volatility.