Equity indices in positive zone, Reliance up 3%

Video Credit: ANI
Published on October 7, 2020 - Duration: 01:22s

Equity indices in positive zone, Reliance up 3%

Equity benchmark indices ticked up by over half per cent during early hours on Wednesday following mixed global cues amid uncertainty on US stimulus package and surging coronavirus cases.

At 10:15 am, the BSE SandP Sensex was up by 282 points or 0.71 per cent at 39,857 while the Nifty 50 gained by 66 points or 0.57 per cent at 11,728.

Most sectoral indices at the National Stock Exchange were in the red except for Nifty auto, FMCG and pharma.

Among stocks, Reliance Industries jumped by 2.99 per cent to Rs 2,276.35 per share after the announcement a day earlier that Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512 crore in its retail arm, becoming the latest marquee name to join a rush of global investors in the company.

Titan moved up by 4.2 per cent, UPL by 2.3 per cent and ONGC by 1.8 per cent.

Auto stocks also gained marginally with Maruti Suzuki, Mahindra and Mahindra, Hero MotoCorp, Bajaj Auto and Eicher Motors gaining by nearly 1 per cent each.


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Hero MotoCorp

Indian two-wheeler manufacturing company

Eicher Motors

Indian automobile manufacturing company

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