The domestic stock market Bombay Stock Exchange’s 30-share sensitive index Sensex fell 36.58 points to open at 30159 level. At the same time, the Nifty of the National Stock Exchange opened up 10 points at 8889 level. In early trade, the Sensex and Nifty are seeing a boom. The Sensex was up 162.94 points at 9,18 minutes with a level of 30,359.11. At the same time, the Nifty also climbed to the level of 8,933.35 by climbing 54.25 points.
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On Tuesday, the BSE Sensex with 30 major stocks closed up 167.19 points at 30,196.17 after being down more than 700 points in a highly volatile business. At the same time, the National Stock Exchange Nifty closed at 8,879.10 points with a gain of 55.85 points. Bharti Airtel shares in Sensex were the biggest gainers. The company’s stock climbed 11 percent. According to market experts, the rise in Airtel’s average revenue per user (ARPU) saw its stock jump. Let us know that there was a decline in American markets on Tuesday. The Dow Jones closed at around 400 points. S&P 500 was broken by 1 percent.
Right issue of Reliance is opening from today
The rights issue of Reliance Industries Limited (RIL) will open on May 20 and close on June 3, 2020. Under the rights issue, one share will be given for every 15 shares of RIL. These shares will be allocated at a price of Rs 1,257 per share. While applying for the rights issue, the shareholder will have to pay Rs 314.25 per share. The remaining amount of Rs 942.75 will have to be repaid in two installments. The company will use three-fourths of the proceeds from its mega rights issue to pay off some debt. This is mentioned in the offer document of the right issue. RIL is expected to get a total of Rs 53,036.13 crore from its proposed rights issue. this
FPI returns in May
Foreign portfolio investors (FPIs) continued to sell in the Indian market in April as well, although the pace of withdrawals declined slightly in April 2020. In April, FPI made net sales of $ 904 million. After that in May 2020, FPI returned to the Indian market and by May 12, they made net purchases of $ 2.8 billion.