Sensex open in red mark, all eyes on Reliance's stock

May 21 2020 11:32 AM
Sensex open in red mark, all eyes on Reliance's stock

Mumbai: The opening of the Indian stock market coincided with the ups and downs on Thursday, the fourth trading day of the week. After opening with the fall, the Sensex saw recovery of more than 100 points and it once again came to around 31 thousand points. Similarly, the Nifty crossed the level of 9100 points with an increase of about 45 points.

In Thursday's business, all eyes are mainly on Reliance Industries (RIL) shares. In early trade, the company's shares were trading at a price of Rs. 1433 with slight weakness. There has been a tremendous entry of Reliance's rights issue. Reliance's rights issue opened on Wednesday and rose nearly 39.53% to Rs 212 on the first day of trading on the National Stock Exchange (NSE). This rights issue of RIL will close on June 3, 2020.

The stock market was strong on Wednesday, the third trading day of the week. The Sensex closed at 30,818.61, up 622.44 points or 2.06%. Similarly, the Nifty closed at 9,066.55 points with a gain of 187.45 points, or 2.11%. This was the second consecutive trading day when the stock market recorded an increase.

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