Sensex up by 220 pts

Mumbai: The benchmark index of Bombay Stock Exchange on Wednesday jumped by 220 pts to 30,856.14 in opening trade on fresh buying in Energy, IT and Technology stocks amid weak global cues.

The nifty of national stock exchange too rose by 45 pts to 9026.75.

The nifty registered intra days high and low at 9030.80 and 8946.25 respectively.

Facebook on Wednesday announced investment of Rs 43,574 crore to pick a 9.9 per cent stake in Reliance Industries Limited’s wholly-owned subsidiary, Jio Platforms, in what is being touted as the largest foreign direct investment for minority stake in India.

The company said, “Today we are announcing a $5.7 billion, or INR 43,574 crore, investment in Jio Platforms Limited, part of Reliance Industries Limited, making Facebook its largest minority shareholder.”

“Reliance Industries Limited, Jio Platforms Limited and and Facebook today announced the signing of binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms,” Reliance Industries said in its statement.

The sectoral indices include Energy, IT and Technology stocks lifted the market.
The gainers were Reliance industries by 5.53 pc to 1304.40, sun Pharma by 1.37 pc to Rs 478.40, asian paints by 1.25 pc to Rs 639.95 and Maruti Suzuki by 0.98 pc to Rs 5049.40.

The losers were ONGC by 7.58 pc to Rs 64, M and M by 3.01 pc to Rs 322.15, Powergrid by 2.83 pc to Rs 158.05 and Bajaj finance by 2.53 pc to Rs 2045.70.

Via UNI-India

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