Reliance Lifts Indian Shares 2.1% on Meta AI Data Centre Deal
Updated
Updated · Reuters · Jun 10
Reliance Lifts Indian Shares 2.1% on Meta AI Data Centre Deal
3 articles · Updated · Reuters · Jun 10
Summary
Reliance rose 2.1% after Meta said it would lease an AI-enabled data centre the conglomerate will build in India, helping turn Indian equities higher after a flat start.
By 9:57 a.m. IST, the Nifty 50 had gained 0.59% to 23,379.4 and the Sensex 0.7% to 74,436.6, with 11 of 16 major sectors advancing.
Financials and private banks each added 0.6%, while metals fell 1.1% as renewed Middle East hostilities and rising expectations of a Fed rate hike hurt demand sentiment ahead of U.S. inflation data.
Broader Asian markets dropped 1.8% and Brent crude rose 0.5% to $92 a barrel, leaving brokers cautious on the benchmark even as stock-specific moves stayed strong.