Sensex up by over 200 pts

Mumbai: The benchmark index of Bombay stock exchange on Friday advanced by 232 points to 34,440.26 in opening session on renewed buying in Energy, Industrials, Telecom and , Capital Goods stocks amid positive Asian Market.

The Nifty of National Stock Exchange too rose by 70 points to 10,162.20.
Registering a solid gain of 700 points on Thursday, the Sensex was seen strong on the strength of Energy, Industrials, Telecom stocks.

Reliance group chairman, Mukesh Ambani said, it has become net debt-free.

The group’s net-debt had stood at Rs 1,61,035 crore as of March 31, 2020 much ahead of its original goal of achieving the status by the end of March 2021.

Over the past few weeks, oil-to-telecom conglomerate’s Reliance Industries rights issue of more than Rs 53,000 crore and investments of Rs 1.16 lakh crore in its digital services arm, Jio Platforms, from global companies including internet giant Facebook helped the group become net debt-free much before schedule, a statement said.

The Sensex registered intra days high and low at 34,440.26 and 34,257.83 points respectively.
The Nifty registered intra days high and low at 10,162.20 and 10,100.60 points respectively.

The mid cap advanced by 0.93 per cent and Small Cap rose by 1.09 per cent.
The gainers were Bajaj Finance by 3.37 per cent to Rs 2612.75, ONGC by 1.67 per cent to Rs 85.05, Axis Bank by 1.12 per cent to Rs 411.15, Tata Steel by 1.04 per cent to Rs 321.40 and Reliance industries by 0.86 per cent to Rs 1670.55.

The losers were Infosys by 1.58 per cent to Rs 702.55, M & M by 1.51 per cent to Rs 499.10, HCL Technologies by 1.41 per cent to Rs 571.20 and HeroMoto Corp by 1.16 per cent to Rs 2338.05.

As many as 46 companies, including Punjab National Bank, LIC Housing Finance, and Cadila Healthcare to announce their March quarter earnings.

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