BlackRock, ADIA, Norges seek anchor slots in Jio’s $3.2 bn IPO
Reliance Industries is in focus in a mutual funds development.
· LiveMint Markets
About 15 domestic asset managers, including HDFC Mutual Fund and SBI Mutual Fund, are also seeking a share of Jio's ₹8,000 crore anchor book.
The analysis
Reliance Industries reported ₹8,000 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +3.4% on the day at ₹1,215.00, and has returned -6.2% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -1.7% over the same period, so Reliance Industries is running 4.5 points behind its peers.
With Reliance Industries, HDFC Bank and State Bank of India all implicated, this reads as a Oil & Energy-level move rather than a company-specific one, which is the more durable kind of signal.
Why it matters
- Fund flows and NAV moves show where domestic retail conviction is actually going, month after month.
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
Market context
- It touches several names at once (RELIANCE, HDFCBANK, SBIN), which points to a sector-level rather than company-specific driver.
- Sector exposure: Oil & Energy, Banks.
In this story
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