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Reliance Jio appoints 17 banks for upcoming IPO

pre-market1 source ↓written by the desknot a recommendation

to manage
17 banks

Reliance Jio Platforms has appointed 17 banks to manage its upcoming IPO, expected to be an offer-for-sale (OFS) with no fresh capital raised. The banking syndicate includes major global firms like Citigroup and JPMorgan, along with domestic players such as Axis Capital and ICICI Securities. A draft red herring prospectus (DRHP) is anticipated by March-end.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 19 Mar 2026, 07:02 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

RELIANCE closed −1.6% on the day of the news, from ₹1,408.10 to ₹1,384.80; Nifty −3.3% over the same session; futures OI −2.4%.

Bulletin at 07:02 IST on 19 Mar 2026. Every change is measured from ₹1,408.10, the last close before it, on 18 Mar. Nifty 50 is measured over the same sessions.

  • RELIANCE close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
RELIANCE closes around the bulletin against the close before the news, with Nifty 50 rebased to it130514051506axis spans 15%before the news · 18 Mar1408Nifty 50RELIANCEbulletinD0+1+3+512 Mar24 Mar7 AprFutures open interest, lotspeak 2.1 LReference close ₹1,408.10. 16 sessions from 12 Mar to 7 Apr; the price axis spans 15 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before18 Mar₹1,408.10basebase
On the day19 Mar₹1,384.80▼ −1.6%▼ −3.3%+1.6 pp difference
+1 session20 Mar₹1,414.40▲ +0.5%▼ −2.8%+3.2 pp difference
+3 sessions24 Mar₹1,411.80▲ +0.3%▼ −3.6%+3.9 pp difference
+5 sessions27 Mar₹1,348.10▼ −4.3%▼ −4.0%−0.2 pp difference
Gap at the open, % · ₹
▼ −1.4%−20.14 on 19 Mar
Day's range, % · ₹
2.8%≈ 40 high to low
Volume on the day
0.97×the 20-session average
Futures OI on the day
▼ −2.4%−4,800 lots · long unwinding · price −1.6%
Futures OI open, lots
1.9 L19 Mar · 30 Mar expiry
Futures premium, ₹
+3.80+0.3% to spot
Puts per call, by OI
0.42from 0.41 the session before
Max pain
1,400from 1,400 the session before

Source NSE UDiFF bhavcopy · RELIANCE on the desk →

Thread · RELIANCEAll RELIANCE bulletins →

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