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Sensex jumps 500 points, trades over 32,000-mark

Mumbai: The key Indian equity indices opened on a positive note on Monday, with the BSE Sensex increasing over 500 points, to trade over the psychological 32,000-mark.

The surge in the domestic market was in line with the Asian indices. Market sentiments have been boosted on hopes of reopening of the global economies.

At 10.09 am, Sensex was trading at 32,155.16, higher by 512.46 points or 1.62 per cent from the previous close of 31,642.70.

It had opened at 32,030.34 and so far touched a high of 32,301.58 and low of 31,960.82 points.

The Nifty50 on the National Stock Exchange was trading at 9,400.65, higher by 149.15 points or 1.61 per cent from the previous close.

Foreign portfolio investors purchased equities worth Rs 1,724.71 crore in the capital market on Friday, provisional exchange data showed.

Besides stock-specific action, foreign fund inflow and firm cues from global markets supported the positive sentiment in the domestic market, traders said.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with gains. International oil benchmark Brent crude futures were trading 1.16 per cent lower at USD 30.61 per barrel.

In India, the death toll due to COVID-19 rose to 2,206 and the number of cases climbed to 67,152, according to the health ministry.

Globally, the number of cases linked to the disease has crossed 41 lakh and the death toll has topped 2.82 lakh.

RIL stocks rise, market cap crosses Rs 10 lakh cr

Shares of Reliance Industries (RIL) rose on Monday to take its market capitalisation back above the Rs 10 lakh crore mark.

At 11.04 a.m., RIL shares on the BSE were at Rs 1,593.10 per share, higher by Rs 31.30 or 2 per cent from the previous close. So, far it has touched an intra-day high of Rs 1,614.85 per share.

Its market capitalisation is at Rs 10,09,930.36 crore. The surge comes after the company fixed May 14 as the ‘record date’ for the Rs 53,125 crore rights issue.

“The rights issue committee, constituted by the board of directors of the company, has, at its meeting held today (Saturday), fixed May 14 as the ‘record date’ for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the rights issue (eligible shareholders),” the company said in a regulatory filing on Saturday evening.

Further, in a major boost for the company, US-headquartered Vista Equity Partners would invest Rs 11,367 crore into Jio Platforms.

This investment, announced last week, values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore.

This is the third investment for Jio after the over Rs 43,000 crore investment announced by Facebook and the Rs 5,655 crore investment by Silver Lake.

(IANS)

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