Sensex trades flat after gap-down opening

Dubai - Shares of Reliance Industries on Friday gained over 1 per cent after it announced the sale of a 2.32 per cent stake in its digital unit to the US-based private equity giant KKR.

The BSE Sensex pared losses to trade on a flat note after opening 110 points lower on Friday.
The domestic indices opened on a negative note tracking weakness in the Asian indices amid growing US-China tensions.
The Sensex was trading early at 30,945.91, higher by 13.01 points or 0.04 per cent from the previous close of 30,932.90.
It had opened at 30,822.78 and has so far touched an intra-day high of 30,965.81 and a low of 30,670.54 points.
The Nifty50 on the National Stock Exchange was at 9,106.70, higher by just 0.45 points from the previous close.
Reliance Industries shares gain over 1 per cent after KKR deal
India's Reliance Industries said KKR will invest $1.5 billion in Jio Platforms, marking the fifth fundraising deal in a month by its digital unit and bringing the total amount of new investment to $10 billion.
Shares of Reliance Industries on Friday gained over 1 per cent after it announced the sale of a 2.32 per cent stake in its digital unit to the US-based private equity giant KKR. The shares of the country's most-valued firm rose by 1.28 per cent to Rs1,458.50 on the BSE. On the National Stock Exchange (NSE), it gained 1.16 per cent to Rs 1,458.
Meanwhile Indian rupee extended the early losses and trading lower at 75.86 per US dollar to quote at Dh20.67 amid weakness seen in the domestic equity market post RBI cut the repo rate. It opened 13 paise lower at 75.73 per dollar against previous close of 75.60.
On Thursday, rupee closed with a gain of 19 paise at day's high level at 75.60 per dollar.The Reserve Bank of India (RBI) has cut repo rate by 40 bps and cut reverse repo rate to 3.35 per cent.
- with inputs from agencies, business@khaleejtimes.com