Inventory market LIVE: Sensex compensates for all losses, marches into the inexperienced, Nifty tops 11,200; Solar Pharma, HUL up 1%
Stock market news today | Sensex, Nifty, Stock Quotes LIVE: Sensex and Nifty started trading Flat on Wednesday morning. S&P BSE Sensex fell over 100 points while the 50-share nifty was just holding the 11,200 levels at 10 a.m. ONGC, Sun Pharma and Hindustan Unilever were the top Sensex winners. On the flip side, top bank stocks dragged the market down. The IndusInd Bank, ICICI Bank, HDFC Bank, and State Bank of India were the main attractions. The wider markets were mostly flat, but Junior Nifty rose inches by the inch. India VIX was above the 20 levels, up 0.75%.
Mukesh Ambanis Reliance Retail announced Wednesday morning that General Atlantic will invest Rs.3,675 billion in the company to obtain a 0.84% stake in shares on a fully diluted basis. The subsidiary of Reliance Industries Ltd (RIL) was valued at a pre-money equity value of £ 4.285 billion. This is General Atlantic's second investment in Reliance Industries, following an investment of Rs 6,598.38 in Jio Platforms earlier this year. Reliance Retail has now managed to attract three investors who have invested more than 16.6 billion rupees in the company.