Jio Financial Services is the top gainer on Nifty: Find out what’s fuelling the rally – Market News
The Jio Financial share price has surged more than 5% to a high of Rs 329.30 on the National Stock Exchange and has been rallying for the last two sessions.
The markets regulator, Securities and Exchange Board of India (SEBI), granted a certificate of registration to Jio BlackRock Broking Private Limited (JBBPL) to operate as a stockbroker and clearing member. The certificate was issued on June 25, 2025.
On June 26, the rally in the stock price came after the company infused capital into its payment bank arm. According to the company’s exchange filing, Jio Financial Services has been allotted 19 crore equity shares of Rs 10 each of Jio Payments Bank Limited, wholly owned subsidiary, for cash at par, aggregating Rs 190…
