Mumbai: The stock market had a great start on the first trading day of the week, but after the news of skirmish on the India-China border, the stock market registered a huge decline. Shares of Future Retail opened 20 per cent higher today after the announcement of Reliance buying Future Group. Bombay Stock Exchange (BSE) major index Sensex started with a gain of 421 points at 39,888.15 in the morning. But after 11 o'clock, as soon as there were reports of tension on the border, the Sensex started to decline.
By 1.41 pm, the Sensex reached 38,717 with a weakness of 750 points. Similarly, the National Stock Exchange (NSE) major index Nifty Fifty opened 130 points at 11,777.55 in the morning. But during the business, it dropped 240 points and reached 11,407.85. It is noteworthy that Reliance Industries announced on Saturday that it was buying the retail, wholesale, logistics and warehouse business of Future Group for Rs 24,713. After this, when the market opened today, shares of Future Group jumped. Future Retail's stock opened at 162.30 with a gain of 20 per cent.
Earlier, the continuation of the rally in the stock markets was continued in the sixth trading session on Friday. The 30-share BSE Sensex rose to a high of 39,579.58 points during trading on Friday. In the end, it closed at 39,467.31 with a strength of 353.84 points or 0.90 per cent. Similarly, the Nifty gained 88.35 points or 0.76 per cent to close at 11,647.60.
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