Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic equity market benchmarks BSE Sensex and Nifty snapped the three-day gaining streak to settle nearly one per cent lower on Friday after RBI Governor announced to slash repo rate by 40 bps to 4 per cent. RBI MPC also said that it expects the GDP growth for this fiscal to remain in negative territory. The 30-share Sensex fell 260 points or 0.84 per cent to end at 30,672, while the broader Nifty 50 index dropped 67 points or 0.74 per cent to close the session at 9,039. Out of 30 stocks that constitute BSE Sensex, 18 scrips finished their trade in red. Axis Bank was the top Sensex loser, down 5.65 per cent, followed by HDFC, Bajaj Finance, ICICI Bank and Bajaj-Auto. On the other hand, M&M gained 4.30 per cent and was the top Sensex gainer. Infosys, Asian paints, UltraTech Cement, Tech Mahindra and Maruti Suzuki were among other gainers on the index. Most of the sectoral indices ended lower with up to 3.06 per cent decline. Nifty Financial Services dropped 272 points dragged by M&M Financial Services, Shriram Transport Finance and PFC.
Reliance Industries announced that private equity firm KKR will invest Rs 11,367 crore in Jio Platforms for a 2.32 per cent stake. Following the investments from Facebook, Silver Lake, Vista Equity and General Atlantic, this will be the fifth investment in Reliance Industries. This transaction values Jio Platforms at an equity value of ₹ 4.91 lakh crore and an enterprise value of ₹ 5.16 lakh crore