Skip to Content

Wednesday, April 24th, 2024
Sensex, Nifty rise on boost from Reliance

Sensex, Nifty rise on boost from Reliance

Be First!
by June 19, 2020 India, Sensex

By Administrator_India

Capital Sands


Indian shares rose on Friday and were on course to finish the week higher, boosted by a jump in Reliance shares after the oil-to-telecoms conglomerate said it had become net-debt free.

The NSE Nifty 50 index rose 0.58% to 10,146.75, while the benchmark S&P BSE Sensex was up 0.51% at 34,387.71.

Shares of Reliance Industries Ltd rose 0.85% in early trade to a record high after the company said it had become net debt free after raising over 1.69 trillion rupees ($22.15 billion) over the last few weeks through stake sales in its digital arm and a rights issue.

Meanwhile, broader Asian shares were choppy, with MSCI’s broadest index of Asia-Pacific shares outside Japan easing 0.06% as worries over spike in COVID-19 cases dampened expectations of a speedy economic recovery.

As of Thursday, COVID-19 cases in India had neared 367,000 and deaths were over 12,200.


Leave a Reply

Your email address will not be published. Required fields are marked *