Sensex up 743 points, Reliance gains 10 pc as Facebook picks stake in Jio
Apr 22, 2020
New Delhi, Apr 22 (ANI): Equity benchmark indices rose by 2.4 per cent on Wednesday as index heavyweight Reliance Industries surged by 9.8 per cent with Facebook picking up nearly 10 per cent stake in India's largest private sector company's digital business for 5.7 billion dollars (about Rs 43,574 crore). At the closing bell, the BSE S&P Sensex was up by 743 points or 2.42 per cent at 31,380 while the Nifty 50 edged higher by 206 points or 2.29 per cent at 9,187. Except for Nifty pharma, PSU bank and realty, all sectoral indices at the National Stock Exchange were in the green with Nifty media up by 6.6 per cent, auto by 2.5 per cent and FMCG by 2.4 per cent. Among stocks, Mukesh Ambani-led Reliance Industries climbed up by 9.83 per cent to Rs 1,359 per share after Facebook bought 9.9 per cent stake in the company's digital business to expand its presence in India.
