Jio Financial Services LIVE Listing: Jio Financial Services Ltd (JFSL) shares made a rather dismal debut on stock exchanges on Monday. JFSL shares are listed in $265 on BSE and $262 on the National Stock Exchange (NSE). JFSL’s listed price is slightly higher than its detected price $261.85 one piece. Equity shares of Jio Financial Services Ltd (Formerly known as Reliance Strategy Investments Limited) will be accepted for trading on the Exchange in the list of T Group of Securities. The share price of Jio Financial Services Ltd will be in the Trade-for-Trade segment for 10 trading days. Follow our Jio Financial Services List Live Blog:
August 21, 2023, 11:32:17 AM IST
Jio Financial Services Listing LIVE Update: Reliance shares drop 1.5% after JFSL listing
Shares of Reliance Industries fell more than one percent after Jio Financial Services listed shares on Monday. Shares of Reliance have dropped as much as 1.55% to $2,517.00 pieces on BSE. Meanwhile, shares of Jio Financial Services fell 5% to lower levels after the shares were listed on exchanges.
At 11:30 a.m., Reliance stock was trading 1.31% lower at $2,523.15 pieces on BSE.
August 21, 2023, 10:36:07 AM IST
Jio Financial Services List LIVE Update: No day trading allowed for JFSL stock
The share price of Jio Financial Services Ltd will be in the Trade-for-Trade segment for 10 trading days. Therefore, day trading in JFSL stock is not allowed. Investors can only make purchase and sale transactions based on T2T Group shares.
August 21, 2023, 10:27:31 AM IST
Jio Financial Services List LIVE Updates: JFSL Market Cap at 1.6 lakh crore
Jio Financial Services boasts a near market cap $1.6 lakh crore at the opening price. JFSL m-cap currently stands at $1,59,943 crore with a share price of $251.75 pieces on BSE. The company’s M-cap on the NSE stands at $1.58,133 crore at current share price of $248.90 pieces.
August 21, 2023, 10:20:23 AM IST
Jio Financial Services Listing LIVE Updates: JFSL stock drops 5% after listing
The share price of Jio Financial Services Ltd (JFSL) fell 5% shortly after its listing on the stock exchange on Monday. JFSL stock locked at 5% lower at $251.75 pieces on BSE. JFSL shares are listed in $265 on BSE and $262 on NSE vs. spot price of $261.85 one piece.
JFSL stock hit an intraday high of $278.20 on BSE and $262.05 on the NSE’s retirement list. However, JFSL stock succumbed to selling pressure and the stock locked in 5% lower at $248.90 pieces on NSE.
Equity shares of Jio Financial Services Ltd (Formerly known as Reliance Strategy Investments Limited) will be accepted for trading on the Exchange in the list of T Group of Securities. The share price of Jio Financial Services Ltd will be in the Trade-for-Trade segment for 10 trading days.
Aug 21, 2023, 10:04:40 AM IST
Jio Financial Services List LIVE Updates: JFSL Stock List at 265 on BSE
Jio Financial Services stock price is listed at $265 on BSE against the spot price of $261.85 one piece. On the NSE, JFSL shares are listed at $262 pieces.
August 21, 2023, 09:52:07 AM IST
Jio Financial Services Listing LIVE: JFSL stock steady at $265 prior to opening vs spot price of $261.85
Shares of Jio Financial Services stable at $265 pieces in the previous opening on BSE compared to the detected price of $261.85 one piece.
August 21, 2023, 09:49:23 AM IST
Jio Financial Services LIVE Listing: GMP, what do the experts signal?
On the day of JFSL’s listing, the gray market began to hint at what kind of price Jio Financial Services stock might open. According to market observers, shares of Jio Financial Services Ltd are priced higher $73 on today’s gray market, which is Jio Financial Services GMP (today’s gray market). $73. However, according to stock market experts, much will depend on when the Indian stock market opens on Monday. In case of weak opening, we may see much awaited Jio Financial Services $300 per level while in case of an uptrend JFSL stock price can open around $325 puzzle levels. Read more
August 21, 2023, 09:44:30 AM IST
Listing Jio Financial Services LIVE: JFSL will be in the exchange-for-trade segment for 10 trading days
Shares of Jio Financial Services will be in the trade-for-trade segment for 10 trading days. JFSL stock will be removed from all NSE and BSE T+3 indices 3 days after listing.
Although JFSL’s listing date has now been set for August 21, the stock will be required to be removed from the indexes on August 24.
Jio Financial Services will remain in the MSCI and FTSE indices.
August 21, 2023, 09:30:04 AM IST
Jio Financial Services Listing LIVE: Reliance Stock Trades Lower Before JFSL Listing
Shares of Reliance Industries were trading unchanged on Monday ahead of Jio Financial Services’ listing. Reliance stock price fell 0.48% to $2,544.55 per share on the BSE after opening 1% below Friday’s closing price. RIL stock opens at $2,531 from Friday’s closing price $2,556.70 each.
August 21, 2023, 09:23:55 AM IST
Jio Financial Services List LIVE: What is the newly spun off Jio Financial Services – explained
After a stronger-than-expected debut of Jio Financial Services stock, stock market pundits are bullish on this new Reliance on Dalal Street. They believe that JFSL will be a purely financial company specializing in lending, investment and other financial business. The appointment of two banking pioneers KV Kamath and Hitesh Sethi is a clear example of that. Read This
August 21, 2023, 09:18:52 AM IST
Jio Financial Services Listing LIVE: Take a Look at JFSL Senior Management
Jio Financial Services Ltd has appointed veteran banker KV Kamath as its president and Hitesh Sethia MD & CEO.
Charanjit Attra is the Chief Executive Officer (COO) of JFSL. Attra is the former chief financial officer of the state-run SBI. Abhishek Pathak is the Chief Financial Officer (CFO) of JFSL.
August 21, 2023, 08:53:15 AM IST
Jio Financial Services Direct listing: Index funds can sell JFSL shares after listing: Avinash Gorakshkar
JFSL stock price may open above the market value of $262 as it is expected that there will be some major trading in this stock once it is listed on Indian exchanges. However, some index funds receive this stock for holding shares of Reliance, which can be sold after listing. So much will depend on the market mood. In the case of a strong open, we could see the stock open around $325 per level while in case of weak opening Jio Finance Services stock price can open around $300. In other words, JFSL shareholders can expect shares to list in $300 or more, said Avinash Gorakshkar, Head of Research at Profitmart Securities when listing Jio Financial Services shares.
August 21, 2023, 08:45:58 AM IST
Live Jio Financial Services Listing: What does JFSL Gray Market Premium suggest?
According to market observers, today’s Jio Financial Services GMP is $73, which means that the gray market is expecting that the list price of Jio Financial Services will be around $335 ( $262+ $73), approximately 28% above the market value of Jio Financial Services stock of $262 pieces.
August 21, 2023, 08:40:54 AM IST
Live Jio Financial Services Listing: Short-Term Traders Can Book Profits: Vaibhav Kaushik
The market capitalization of JFSL stock is expected to be around $1.75 lakh crore to $2 cores. In that case, the stock could reach $340 levels. However, this level can be a major resistance for the stock and hence those with this stock in their portfolio should take profits and exit if their view is short, Vaibhav Kaushik, Research analyst at GCL Broking, said.
August 21, 2023, 08:27:52 AM IST
Jio Financial Services direct listing: JFSL becomes second largest NBFC
After merging with Reliance Industries (RIL), Jio Financial Services (JFSL) boasts an implied market capitalization of $1.6 lakh crore, that is much lower than the market cap of Bajaj Finance $4.16 lakh crore, but significantly higher than its contemporaries in space. The value of Jio Financial Services stock price is taken from $261.85 each on the NSE following a special pre-open call options auction held on stock exchanges on July 20. Read This
August 21, 2023, 08:18:23 AM IST
Jio Financial Services direct listing: FTSE withdraws decision to remove Jio Financial from global indices
Jio Financial Services, the merged entity of Reliance Industries Ltd led by Mukesh Ambani, will remain included in the FTSE All-World and other global indices, FTSE Russell said in a statement released on Thursday. Six.
According to the FTSE, Jio Financial will have an unchanged issue of 6,765,591,509 and an investability weight of 49.66% in the FTSE All-World index. Read This
August 21, 2023, 08:18:23 AM IST
Live Jio Financial Services Listing: Jio Financial Services stock price starts at $261.85 per person
The value of Jio Financial Services stock price is taken from $261.85 each on the NSE after a special pre-open call options auction held on stock exchanges on July 20.
The spot price of JFSL stock was much higher than the expectations of analysts, who valued it at $125-225 and RIL acquisition cost $133.
August 21, 2023, 08:11:10 AM IST
Jio Financial Services Listing Live: GMP hints at a strong launch
Shares of Jio Financial Services Ltd are priced higher $73 in today’s gray market, which means that Jio Financial Services GMP (today’s gray market) is $73. However, according to stock market experts, much will depend on when the Indian stock market opens on Monday. In case of weak opening, we may see much awaited Jio Financial Services $300 per level while in case of an uptrend JFSL stock price can open around $325 puzzle levels.
August 21, 2023, 08:01:54 AM IST
Jio Financial Services direct listing: Jio Financial Services shares to list on exchanges today
Jio Financial Services (JFSL), which was spun off from Reliance Industries Ltd (RIL), will be listed on Indian stock exchanges today, on August 21, Monday.
“Trading Members of the Exchange are informed that effective Monday, August 21, 2023, the equity shares of Jio Financial Services Ltd (Formerly known as Reliance Strategy Investments Limited) will be listed and allowed to trade on the Exchange in the T Group of Securities,” said a notice on BSE. Read This
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