"reliance-industries"

After opening strong, the stock indices gave up gains due to profit booking by investors.

In January this year, Amazon founder Jeff Bezos had announced $1 billion (over Rs 7,000 crore) investment in India to help bring small and medium businesses online.

Meanwhile, the global oil benchmark Brent crude futures were trading 0.45 per cent lower at USD 50.68 per barrel. 

The 30-share BSE index pared the gains to trade 202.44 points or 0.43 per cent lower at 46,758.25.

Among stocks, Mahindra & Mahindra skidded by 2.2 per cent to Rs 717.65 per share while Tata Motors was down by 2 per cent to Rs 176.80.

Zuckerberg made the remark during a conversation with Mukesh Ambani, Chairman and Managing Director, Reliance Industries at the first Facebook Fuel for India 2020 event.

After touching its record intra-day peak of 46,373.34, the 30-share BSE Sensex ended 154.45 points or 0.34 per cent higher at 46,253.46, its new closing record.

Speaking at the India Mobile Congress, Ambani said policy steps are needed to accelerate an early rollout of 5G, and to make it affordable and available everywhere.

In a filing to stock exchanges, Reliance said it will make the investment in tranches over the next 8 to 10 years

Reliance Industries was the top laggard, tanking over 4 per cent, followed by HCL Tech, TCS, Asian Paints, Bajaj Auto, Infosys and HUL.