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The stock had hit a 5% upper circuit after Ambani started reading out his speech but as there were hardly any triggers, the counter succumbed to selling pressure once again.

Referring to the recent acquisition of around 1 per cent stake by Qatar Investment Authority (QIA) in Reliace Retail Venture Ltd (RRVL), by investing Rs 8,278 crore (USD one billion) at a valuation of USD 100 billion, Mukesh Ambani said its valuation has doubled in less than three years.

"Once you retire, you need to have a house and need to plan for your kids’ higher education, for marriage, a car maybe and then have a holiday here and there as well. For that, you need to plan it properly and have adequate insurances. Do not be over insured like a lot of people think that the insurance cover is not sufficient enough under the army group insurance and so let us go for too many insurances. It will not help you to be honest."

"Credit cards are always misunderstood. A lot of people understand that if there is a card in the pocket that they can just go and use the limits. But one thing which I will say with caution and I think I want everybody to think about is that it is a payment instrument if used in discipline. It offers a great set of benefits."

The market capitalisation of all listed companies on BSE surged by Rs 1.01 lakh crore to Rs 307.85 lakh crore. The market breadth was skewed in favour of the bulls. About 2,063 stocks declined, 1,675 gained, and 169 remained unchanged on the BSE.

"Reliance is investing around $150 billion in its growth, which may not immediately reflect in its bottom line. The recent AGM did not have any major value unlocking announcements, except for the launch of Jio AirFiber and plans for nationwide 5G coverage. Advani The initiatives require substantial upfront spending and will yield results in the coming years. "

Indian benchmark indices S&P BSE Sensex and Nifty50 ended on a positive note on Monday amid gains in bank, auto and pharma stocks.

“The company’s stock experienced a decline due to the absence of clear timelines regarding the telecom and retail IPOs,” said Santosh Meena, Head of Research, Swastika Investmart. In the last two years, shares of RIL have ended in the red on the day of the AGM address. This is the third consecutive time Ambani has disappointed investors by making no big-bang announcements.

"We spare no effort to understand the needs, pain points, affordability levels, and supply chain constraints in each of our businesses. We address these factors by embedding a research-assisted and data-driven culture within our organisation, which gives deep insights to stay ahead of the competition," Ambani said.

The Nifty Auto index closed 0.73 per cent up at 15475.25.