Markets open in green: Sensex rallies over 600 points in early trade, Nifty surges above 9,370; RIL jumps 2% after Vista deal
FirstpostIndusInd Bank was the top gainer in the Sensex pack, soaring over 4 percent, followed by Kotak Bank, Hindustan Unilever and Axis Bank. The Sensex rallied over 600 points in opening session on Friday as strong gains in index-heavyweight Reliance Industries, massive foreign fund inflow and positive global cues boosted market sentiment. Shares of Reliance Industries jumped over 2 percent after the company announced that US-based private equity firm Vista Equity Partners has picked up 2.32 per cent stake in Jio Platforms for Rs 11,367 crore. According to traders, besides stock-specific action, massive foreign fund inflow and firm cues from global markets enthused buying activity in the domestic market. Foreign institutional investors were net buyers in the capital market, as they bought equity shares worth Rs 19,056.49 crore on Thursday, according to provisional exchange data.