Indian stock market in focus as major corporate developments drive trading Thursday. Reliance Industries completes strategic share allotment with Facebook for its AI subsidiary, reducing stake to 70 percent while Facebook gains 30 percent ownership. Yes Bank discloses fraud involving $0.28 million in unauthorized forex card transactions affecting 5,000 customers, though its monitoring system quickly detected the anomaly. Railway sector stocks gain attention with RVNL securing Rs 284.52 crore residential construction contract from NMDC, while Texmaco Rail secures Rs 2.13 crore order for steel plant work. IRFC raises $400 million external commercial borrowing through Japanese banking consortium, marking second ECB this fiscal year. Sensex gains 185 points while Nifty climbs 73 points as market digests these corporate updates and infrastructure developments.
