Published : 7 July 2023
By : Sachin Gupta
The former SGX Nifty, a derivative of the Nifty index on the Singapore Stock Exchange, ceased trading on June 30. As a result, Gift Nifty, the new name of the derivatives trading in the Nifty index, entered existence on July 3.
With this, India became the new home of the derivative contracts with a notional value of almost $7.5 billion.
Reliance share price rose 2.31% to a 6-month high on the reports that Reliance Jio is close to signing a major contract worth approximately $1.7 billion with Nokia.
The agreement is expected to be finalized later this week at Nokia's headquarters near Helsinki.
Reliance Industries (RIL) and Gautam Adani-led Adani Total Gas (ATGL) are planning to set up 10 compressed biogas (CBG) plants each, across the country.
These facilities will have an annual capacity of up to 30 million tonnes. In the following five years, five plants will be built.