News Overview

In the previous session, the stock rose more than 17% to a new record high of ₹289.33 on the National Stock Exchange (NSE), before closing 12% higher at 278.95.

The stock has gained a total of 64% in the last one year, and 13% since the beginning of the year.

Mutual fund AUM crossed ₹61 Trillion, but the real story was in the strong inflows into equity mutual funds

The 28.1% yoy growth in mutual fund folios in June 2024, shows that financialization of savings is happening rapidly

In the March quarter, the company's operating profit (EBITDA) increased by 14% year over year to ₹47,150 crore and its margins reached 17.8%.

Debt funds saw positive quarterly flows in the June 2204 quarter, after two quarters of net outflows.

Jio Financial Services applied to the RBI in November 2023 to change its classification from that of an NBFC to that of a Core Investment Company.

The second phase of the project, which is anticipated to be completed by 2028, includes the investment in the first-ever Vizhinjam port in the state of Kerala

Spot gold declined 0.2% to $2,408.70 per ounce, following a 2% increase on Thursday. Gold futures fell 0.3% to $2,413.90.

Brent crude futures increased 37 cents, or 0.4%, to $85.77 per barrel. US West Texas Intermediate oil futures increased 50 cents, or 0.6%, to $83.12 per barrel.