Taking Stock: Investors’ wealth rose by over Rs 2 lakh cr; 10 takeaways from market action
Episode 2437, Apr 22, 2020, 12:15 PM
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Indian market got off to a strong start on Wednesday despite muted global cues after the social media giant Facebook announced that it has bought a 9.9 percent stake in Reliance Jio for USD 5.7 billion (Rs 43,574 crore) in the telecom unit of RIL.
The sharp rally seen in RIL not just triggered a positive sentiment on D-Street but also helped D-Street recoup losses. Bulls took control and pushed the Sensex back above 31000, and Nifty back above 9100.
The sharp rally seen in RIL not just triggered a positive sentiment on D-Street but also helped D-Street recoup losses. Bulls took control and pushed the Sensex back above 31000, and Nifty back above 9100.