Jio Finance Share Price | Jio Finance shares become rocket, rush to buy, missed opportunity – Hindi News
Jio Finance Share Price | Reliance Group's subsidiary Jio Financial Services is now ready to dominate the mutual fund industry. SEBI has given in-principle approval to Jio Financial Services Limited and BlackRock for this move, which will increase competition in the fast-growing mutual fund market. , Jio Financial Services Company Part )
The first day of the week, Monday, has proved auspicious for the Indian stock market after last week's huge fall. The Sensex and Nifty fell for five consecutive days last week, their worst weekly performance in two years, but both the indices had a strong start on Monday. Strong US employment data eased recession concerns, triggering a bullish wave in Asian markets, which also weighed on India. On Tuesday (08 October 2024), the stock was trading at Rs 341, up 1.43%. In early trade, BSE Sensex rose 406 points to 82,094, while Nifty-50 index also rose 121 points or 0.48 percent to 25,135. Among Sensex companies, shares of ITC, HCL Tech, Bajaj Finance, Tata Motors and Kotak Mahindra Bank were among the gainers, while shares of Jio Financial Services, a subsidiary of Mukesh Ambani's Reliance Industries, rose up to three percent. Mukesh Ambani's company got in-principle approval from the market regulator to launch mutual fund business in collaboration with the world's largest asset management company BlackRock, which gave a boost to the buying of Jio Financial shares and they rose to Rs 349.50 on BSE in early trends. Jumped up. You can estimate the strength of BlackRock only by the fact that the American company handles 10% of the world's total stocks and bonds. BlackRock is the world's largest shadow bank, with assets under management of $9.43 trillion in the June quarter. BlackRock was founded in 1988 by Larry Fink, who is currently the CEO and Chairman of the company and is considered one of the most powerful people in the world. In 2008, when big companies were in trouble due to the financial crisis, the US government sought BlackRock's help, while in 2020 when the bond market was shaken by Corona, BlackRock once again took matters into its own hands.
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