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MARKET LIVE: Sensex surges over 500 points, tests 32k; RIL gains 2%
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Topics
MARKET LIVE | Markets | Reliance Industries
SI Reporter |
Last Updated at May 8, 2020 09:28 IST
EVENT HIGHLIGHTS
Photo: Shutterstock.com
The Indian markets advanced on Friday, in line with their Asian peers, with Reliance Industries and Hindustan Unilever leading the gains.
Reliance Industries gained 2 per cent after PE firm, Vista Equity Partners, said it will buy a 2.3 per cent stake in Jio Platforms for Rs 11,367 crore. READ MORE
Among headline indices, the S&P BSE Sensex surged 530 points to around 32,000 levels and the Nifty50 index was up 142 points to 9,340. IndusInd Bank and Hindustan Unilever (both up 3%) were the top Sensex gainers.
All the Nifty sectoral indices were trading in the green, led by Nifty Private Bank index, up 1.7 per cent.
Reliance Industries gained 2 per cent after PE firm, Vista Equity Partners, said it will buy a 2.3 per cent stake in Jio Platforms for Rs 11,367 crore. READ MORE
Among headline indices, the S&P BSE Sensex surged 530 points to around 32,000 levels and the Nifty50 index was up 142 points to 9,340. IndusInd Bank and Hindustan Unilever (both up 3%) were the top Sensex gainers.
All the Nifty sectoral indices were trading in the green, led by Nifty Private Bank index, up 1.7 per cent.
RESULTS TODAY
A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today. Besides, ICICI Bank will also be in focus as the private lender will announce the results tomorrow.
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