Equity indices on upswing, Reliance hits new high

Equity indices on upswing, Reliance hits new high

Equity benchmark indices edged higher during early hours on Friday due to gains in index heavyweight Reliance Industries and metal stocks.

At 10:15 am, the BSE S-P Sensex was up by 117 points or 0.34 per cent at 34,098 while the Nifty 50 edged higher by 67 points or 0.67 per cent at 10,096.

All sectoral indices at the National Stock Exchange were in the positive zone with Nifty PSU bank up by 2.4 per cent, metal by 2.1 per cent and private bank by 1.3 per cent.

Among stocks, Reliance Industries Ltd (RIL) share price touched a record high of Rs 1,602, rising 1.4 per cent after the announcement that Abu Dhabi fund Mubadala is going to invest Rs 9,093 crore in its digital arm Jio Platforms.