Stock markets squandered early gains but managed to end in the green on Friday, propped up by heavyweight Reliance Industries which announced another stake sale deal for its digital platform. A strengthening rupee and firm global cues also supported the domestic bourses, traders said.
Market sources said the IPO size will be worth Rs 700 crore
Markets regulator Sebi had received draft red herring prospectus for the proposed IPO on February 8
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BSE Sensex ended at 31,642.70, up 199 points or 0.63 per cent, with HUL (up nearly 5 per cent) being the top gainer and NTPC (down nearly 4 per cent) the biggest loser
All that happened in the markets today
A total of 13 companies, including SBI Cards and Shree Cements, are scheduled to announce their March quarter results today
Bank of England's statement that Britain could be headed for its biggest economic slump in over 300 years due to the coronavirus lockdown also weighed on the investor sentiment
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