Reliance announced its entry into the finance sector, JIOFIN shares will be a storm. Now the company will also sell mutual funds.

NSE: There may be a big hurdle in the stock of JIOFIN today. Yesterday, after several announcements by Donald Trump, the Indian market fell drastically and touched the level of 23000. Indian Nifty closed at 23045 and many stocks saw a fall of up to 10%.

Talking about Reliance, Reliance alone fell by more than 2% yesterday. Reliance shares closed with a decline yesterday at Rs 1277. Whereas JIOFIN shares fell by 5.71% and closed at Rs 259.95.

New announcement from the company from today, JIOFIN shares will become a storm.

Jio Financial Services (JFS) has taken a big step in the Indian financial market and announced its entry into stock broking business. The company has created a new subsidiary named “Jio BlackRock Broking”. This joint venture (JV) will operate with a 50:50 stake between Jio Financial Services and BlackRock.

If we talk about target, many experts have given target of Rs 350 to JIOFIN share and Rs 1600 to Reliance share. At present, troubled by the selling by foreign investors, the market has been continuously declining for some time.

Many experts believe that this is a good opportunity to make long-term investments in the falling market, which retail investors can make money with a lot of patience.