December 25, 2024 10:24 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Former home secy Ajay Kumar Bhalla appointed Manipur Guv amid ethnic violence resurgence | Five soldiers killed, several injured as Army truck falls into Poonch gorge | Allu Arjun quizzed by police in Pushpa 2 stampede case | Wanted Indian drug smuggler killed in the US | Congress leader files complaint against Allu Arjun for 'insulting police' in Pushpa 2: The Rule | Ahead of Jaishankar's US visit, foreign secretary Vikram Misri meets top US diplomats | India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people

Indian Market: Sensex surges over 600 pts

| @indiablooms | May 08, 2020, at 11:53 am

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. 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.