Indian Shares Rise Led by IT and Jio IPO
Indian shares rose in early trade led by IT stocks on earnings optimism and Reliance Industries on the launch of the Jio Platforms initial public offering. The Nifty 50 and Sensex both advanced while oil prices increased.
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India's share benchmarks rose during Wednesday morning trade, driven by IT sector gains and RELIANCE INDUSTRIES LIMITED amid its $3.2B IPO launch. The Nifty 50 rose 0.57% to 23,019.2, while the Sensex added 0.7% to 74,370.91. Eleven of the 16 major sectors advanced, though broader small-caps and mid-caps fell 1% and 0.5%, respectively.
