Jio Financial’s New Loan Feature Drives 6% Surge in Shares

's shares rallied up-to 6% today, making it the top Nifty gainer. This rally follows the company’s foray into the loans against securities market, offering customers the ability to leverage investments like shares and mutual funds to secure loans of up to Rs 1 crore in just 10 minutes through the Jio Finance App. As the stock moves forward, it is likely to face resistance in the 235-240 price zone, while 198 is expected to act as a key support level. The market responded positively, with the stock closing over 5% higher, signaling strong investor confidence. Disclaimer: This post is for informational purposes only and does not constitute investment advice.