Shares of Jio Financial Services climb to ₹331.35 amid bullish sentiment following SEBI’s approval for its broking venture with BlackRock.
Mumbai, June 30, 2025 —
Jio Financial Services Ltd (JIOFIN) saw a sharp rise in early trading on Monday, with shares jumping 2.44% to ₹331.35, up ₹7.90 from the previous close of ₹323.45. The surge comes after the Securities and Exchange Board of India (SEBI) granted regulatory approval to Jio Blackrock Broking, a joint venture between Reliance’s Jio Financial and global investment giant BlackRock.
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This strategic partnership is expected to disrupt India’s online broking space by offering tech-driven, low-cost investment solutions to retail investors. The move is part of Jio Financial’s broader strategy to expand its footprint across the financial services ecosystem, including lending, insurance, and wealth management.
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The broader financial and tech ecosystem also saw movement:
- Indian Railway Finance Corp (IRFC) was up 1.65% to ₹142.30
- Bandhan Bank Ltd climbed 2.01% to ₹189.35
- IREDA rose 1.42% to ₹171.90
- Vodafone Idea, ICICI Bank, and BEL saw smaller but steady gains
The rally comes amid strong investor confidence in Reliance Group’s diversification strategy and its push into fintech and capital markets through tech-first platforms.
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