Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended with over 1.5 per cent gains on Friday, led by a rally in Reliance Industries share price after the company announced that it has become net debt-free nine months ahead of its deadline. The 30-share Sensex jumped 523 points or 1.53 per cent to close the session at 34,732, while the broader Nifty 50 index advanced 153 points or 1.51 per cent to settle at 10,244. Among top Sensex gainers were Bajaj Finance, Reliance Industries, Power Grid Corporation of India, ICICI Bank, Maruti Suzuki and Axis Bank. On the flip side, IndusInd Bank was the top Sensex laggard, followed by HCL Tech, ITC, M&M, HDFC, Infosys and Nestle India. Barring Nifty IT and Nifty Metal, all the sectoral indices settled in the positive territory. Nifty Realty index jumped 6.4 per cent led by gains in DLF, Godrej Properties and The Phenix Mills. Nifty PSU Bank gained 2.23 per cent and Nifty Bank index ended 1.82 per cent higher.
Mukesh Ambani led Reliance Industries on Friday morning announced that it now a net-debt free company after having secured Rs 1.68 lakh crore in investments and from the rights issue in the last 58 days. RIL said it has raised Rs 1.75 lakh crore if it considers the stake sale to BP in the petro-retail JV. Net debt of the oil-to-telecom conglomerate stood at RFs 1.61 lakh crore. RIL bagged 11 cheques from 10 investors, including the Saudi wealth fund and Mark Zuckerberg’s Facebook.