Stock market opens on green mark; Sensex rises 350 points; RIL shares rise 2%

Stock market opens on green mark; Sensex rises 350 points; RIL shares rise 2%

Mumbai: The major stock index Sensex surged by over 350 points in early trade on Friday as foreign funds continued to come in. During this period, shares of Reliance Industries and HDFC were seen to be rising. The Sensex was up 366.91 points or 1.08 percent at 34,347.61 after touching an upper level of 34,357.30. Similarly, the NSE Nifty rose 112.15 points or 1.12 percent to 10,141.25 points. The biggest gain in the Sensex was four percent in Tata Steel. Apart from this, ONGC, SBI, L&T, IndusInd Bank and Sun Pharma were also trading in the lead.

Reliance Industries (RIL) shares rose two per cent. The company announced the sale of 1.85 percent stake of its digital entity Jio Platforms to Abu Dhabi-based investor Mubadla for Rs 9,093.60 crore. On the other hand, TCS, Bajaj Auto, Infosys and Powergrid declined. The BSE Sensex was down 128.84 points or 0.38 percent to close at 33,980.70 in the previous session, while the NSE Nifty slipped 32.45 points or 0.32 percent to end at 10,029.10. According to provisional data of the stock market, foreign portfolio investors bought shares worth Rs 2,905.04 crore on a gross basis in the capital market on Thursday.