Reliance Shares Soar 7% on India-US Trade Deal and Jio Studios Acquisition

• Reliance Industries shares surged 7% in intraday trade, becoming a top contributor to benchmark indices.
• Indian equity benchmarks Sensex and Nifty rose nearly 3%, driven by Reliance's heavy index weighting.
• An India-US trade deal, reducing US tariffs on Indian goods to 18% from 50%, boosted investor confidence.
• US President Donald Trump and Indian Prime Minister Narendra Modi discussed the deal, focusing on lower trade barriers and increased US goods purchases.
• Reliance Strategic Business Ventures acquired a 50.1% stake in Sikhya Entertainment for ₹150 crore, strengthening Jio Studios.

Why It Matters: Reliance shares jumped significantly due to a new India-US trade deal and Jio Studios' strategic acquisition.