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Sensex rises 339 points to 59,802 and Nifty climbs 77.55 pts to 17,775 in early trade. The stock market ended higher on Friday, led by positive global cues.
The death of Indian billionaire Rakesh Jhunjhunwala puts a spotlight on the nearly $4 billion worth of stocks held by the famed investor, whose trades were closely scrutinized.
Sensex rises 379 points to 59,842 and Nifty closes 127 points higher to 17,825. The stock market ended higher on Friday, led by positive global cues.
Most of the shares in Rakesh Jhunjhunwala's portfolio were trading lower today following his sudden death on Sunday. Aptech Ltd and Star Health fell up to 5 per cent in early trade. His portfolio comprised 32 stocks. Big Bull's major bet Titan Company was down 1.54 per cent to Rs 2,433 against the previous close of Rs 2,471.95 on BSE. Market cap of the luxury goods firm stood at Rs 2.20 lakh crore.
In his 37 year career as an investor, Big Bull Rajesh Jhunjhunwala amassed a net worth over Rs 46,000 crore.