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Equity indices flat on global cues, Reliance gains 5.6% as Facebook picks stake in Jio
Mumbai, Apr 22 (ANI): Equity benchmark indices were flat during early hours on Wednesday as Asian shares slipped and Brent oil futures plunged to a two-decade low amid damage done by the coronavirus pandemic. At 10:15 am, the BSE S and P Sensex was up by 60 points or 0.19% at 30,696 while the Nifty 50 edged lower by 7 points or 0.07% at 8,975. Except for Nifty pharma and media, all sectoral indices at the National Stock Exchange were in the red with Nifty metal down by 2.4%, PSU bank by 1.9% and financial service by 1.26%. Among stocks, index heavyweight Reliance Industries jumped by 5.65% to Rs 1,307.20 per share after Facebook bought stake in the company's digital business for 5.7 billion dollars (about Rs 43,574 crore) to expand its presence in India.