Sensex rallies 743 pts as Jio joins FB's friend list; RIL top performer

Facebook announced an investment of $5.7 billion (Rs 43,574 crore) to buy a 10 per cent stake in Jio Platforms

Market benchmark Sensex jumped 743 points on Wednesday, propelled by index heavyweight RIL after Facebook announced it will pick up 10 per cent stake in Jio Platforms for $5.7 billion.

Positive cues from global markets and Brent crude oil dropping to over two decade-lows also worked in favour of the bourses here, traders said.

The 30-share BSE index ended 742.84 points or 2.42 per cent higher at 31,379.55. The wider NSE Nifty surged 205.85 points, or 2.29 per cent, to finish at 9,187.30.

Reliance Industries was the top performer in the Sensex pack, rallying 10.30 per cent and contributing over half of the