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The stock market got off to a strong start on Tuesday, the second trading day of the week. Meanwhile, the Sensex rose by over 150 points and touched the level of 65,230 points. Nifty also rose in early trade. During the period, shares of Reliance Industries remained sluggish, while shares of Jio Financial Services climbed up to 2 percent.
Say Monday Reliance Industries Investors had high hopes from the company’s annual general meeting but no major announcements were made. On the other hand, Jio Financial’s announced entry into the insurance sector has seen the stock rally. Reliance’s meeting presented a blueprint for a succession plan but with no clear indication of an IPO of telecom and retail units, Reliance shares fell.
Market advantage on Monday: BSE’s 30-share benchmark Sensex ended up 110.09 points, or 0.17 per cent, at 64,996.60. It had climbed up to 326.94 points at one stage during the trading. National Stock Exchange (NSE) benchmark indices Nifty An increase of 40.25 points i.e. 0.21 percent was recorded in It closed at 19,306.05 points at the end of trading.