|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||2,070.70 - 2,133.90|
|52-week range||867.43 - 2,369.35|
|Beta (5Y monthly)||0.95|
|PE ratio (TTM)||31.90|
|Forward dividend & yield||6.50 (0.31%)|
|1y target est||1,268.86|
India's conglomerate Reliance Industries has partnered with Facebook Inc, Google and fintech player Infibeam to set up a national digital payment network, Economic Times newspaper reported on Saturday, citing unnamed sources. Last year, India's central bank invited companies to forge new umbrella entities (NUEs) to create a payments network that would rival the system operated by the National Payments Council of India (NPCI), as it seeks to reduce concentration risks in the space.
Indian shares closed sharply higher in a glitch-ridden, extended session on Wednesday, led by gains in financial stocks after private-sector lenders were allowed to carry out government transactions. The NSE Nifty 50 index ended 1.86% higher at 14,982.00, while the S&P BSE Sensex rose 2.07% to 50,781.69. The top three boosts to the Nifty 50 were financial and banking stocks, which surged in extended trading, pushing the Nifty private bank index higher by 3.9%.
Indian shares ended nearly flat on Tuesday as gains in Reliance and commodity firms were offset by a selloff in financial stocks. The NSE Nifty 50 index ended 0.22% higher at 14,707.70 and the S&P BSE Sensex closed 0.01% higher at 49,751.41. Both the indexes snapped five sessions of losses to advance 1.2% during the session, before paring gains as investors sold private sector bank stocks.