Indian Market: Sensex surges over 600 pts
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Friday rallied by 645 pts, breaching 32k level to 32,088.51 in early trade as
buying was witnessed across the board amid positive Asian Market.
The nifty of national stock exchange too jumped by 183 pts to 9,382.65.
The nifty registered intra days high and low at 9,382.65 and 9,326.75 pts respectively.
The sensex registered intra days high and low at 32,088.51 and 31,877.72 pts respectively.
Sliding by 242 pts on Thursday, the sensex jumped by 645 pts as stocks include Bankex, Finance, Energy and Realty lifted the market on Friday.
Reliance Jio Platforms, part of Mukesh Ambani-controlled Reliance Industries group, has sold a 2.32 per cent stake to US-based private equity firm Vista Equity on a fully diluted basis for Rs 11,637 crore.
This is a third major equity deal for Jio Platforms in three weeks — it previously sold a 9.9 per cent stake to Facebook for Rs 43,534 crore, and then 1.5 per cent to Silver Lake for Rs 5,655 crore.
The Vista Equity investment has valued Jio Platforms at an equity value of Rs 4.91 trillion and an enterprise value of Rs 5.16 trillion. Vista’s investment will make Vista it “the largest investor in Jio Platforms behind Reliance Industries and Facebook”. Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks.
The mid cap rose by 0.89 pc and small cap by 0.81 pc.
In 30 scrips, 26 advanced, 3 declined and 1 remained unchanged.
The gainers were IndusInd Bank by 4.03 pc to Rs 471.95, Hind Unilever by 3.37 pc to Rs 2059.70, Kotak Bank by 2.96 pc to Rs 1235.30, Reliance industries by 2.58 pc to Rs 1546.10 and Axis Bank by 2.43 pc to Rs 407.05.
The losers were powergrid by 1.11 pc to Rs 159.85, HCL technologies by 0.67 pc to Rs 508.35 and Asian paints by 0.51 pc to Rs 1585.85.
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