Share Market LIVE: Sensex back in green, trades with marginal gains, Nifty nears 17800, resistance at 18000 – The Financial Express

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Bulls were attempting a comeback on Dalal Street on Friday morning as Sensex rose more than 250 points or 0.40% to breach 59,850 while NSE Nifty 50 added 75 points or 0.44% to regain 17,800. Bank Nifty was up nearly 1% during the initial hour of trade, broader markets mirrored the up-move. Titan was the top index gainer, up nearly 3% along with ICICI Bank, Power grid, and HDFC Bank. On the other end, HDFC was the worst-performing stock, followed by Dr. Redduy’s, and Bajaj Auto.

Mukesh Ambani’s Reliance Industries is raising funds and investing some at the same time. On Thursday’s RIL announced that it has invested $200 million in hyperlocal delivery platform Dunzo for a 25.8% stake, meanwhile overseas RIL has raised $4 billion in India’s largest-ever foreign currency bond issuance. RIL said it has issued bonds to refinance high-cost borrowings. The three tranche bonds have a maturity of 10-year, 30-year, and 40-year. On the other hand, RIL’s investment in Dunzo is the largest the latter has raised. The investment comes at a time when the local delivery market is heating up as companies try and offer faster deliveries in an attempt to grab market share.