Reliance stock up 7% on ₹150-cr Sikhya acquisition, US-India deal

Reliance Industries' shares surged 7% intra-day as the market rallied after its subsidiary Reliance Strategic Business Ventures acquired a ₹150-crore or 50.1% stake in Sikhya Entertainment, an Oscar-winning production house. Further, US President Donald Trump announced the India-US trade deal, which reduced US tariffs on Indian goods from 50% to 18%. Overall, Sensex and Nifty rose nearly 3%.