Inventory market LIVE: Sensex at every day excessive, nonetheless inexperienced, Nifty above 12,150; RIL wins, Nestle, Maruti draw
Stock market news today | Sensex, Nifty, Stock Quotes LIVE: The domestic stock market benchmarks BSE Sensex and Nifty 50 traded higher on Friday. BSE Sensex was trading at 41,449 points, up 109 points or 0.26 percent, while the Nifty 50 index rose 31 points or 0.25 percent to 12,151 points on Friday. RIL shares rose 2 percent to 1,993.90 rupees each at BSE the day after Mukesh Ambani-led company announced that Saudi Arabia's public investment fund would sell Rs 9,555 in Reliance Retail for a $ 2 stake .04 percent will invest. NTPC, Bajaj-Auto, SBI, HDFC, M&M, ONGC, Bajaj Finsv and Maruti Suzuki were among other winners. On the other hand, Tech Mahindra, Kotak Mahindra Bank, Nestle India, Infosys and TCS were among the top Sensex laggards. Nifty's sector indices traded mixed. In the broader market, the S&P BSE MidCap and SmallCap indices each rose 0.6 percent. US stocks rose sharply in night trading on Wall Street. The Dow Jones Industrial Average rose 1.95 percent while the S&P 500 rose 1.95 percent. The Nasdaq Composite rose 2.59 percent.
Mukesh Ambanis Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited (RIL), announced that the Saudi Arabia Public Investment Fund will invest Rs.9,555 billion in the company, an increase of 2.04 percent to obtain. The investment values RRVL at a pre-money equity value of Rs 4.587 billion. To date, RIL has raised Rs 47,265 from the sale of 10.26 percent of its retail business.