Mukesh Ambani's Reliance Industries (RIL) saw its shares rise by 3 per cent on the BSE. The surge happened on Monday a day after the company announced the completion of its deal with Shale.

As per the agreement, RIL has taken over 60 per cent of stake in Marcellus Shale gas asset which is in the US for $392 million.

It was obvious that the shares were to go up and that is what happened. Ever since the markets opened, RIL's shares have been either moving up or staying constant.

Against its earlier trading, RIL touched an intraday high of 983.70 rupees on the BSE.

Similar was the trend on the NSE that was the stock gain 1.76 per cent to end at 975.40 rupees on the market.

Deal between RIL and Shale was declared on August 5 and this would have been the third asset of the US Company.

Meanwhile, a definitive agreement has already been signed for a joint venture between S-based Carrizo Oil and Gas for development of the Marcellus Shale asset and Reliance Marcellus II Llc.