Assessing the demerger of Jio Financials from Reliance, Chetan Shah notes its intricacy, with possible gains and risks in tow. As the value for shareholders remains uncertain, this strategic move is anticipated to exert a substantial influence on the Indian financial services landscape. 

At 1.30 pm on Friday, the headline equity indices, i.e. Sensex and Nifty 50 were trading flat due to mixed global cues as the US markets await jobs data for the month of August on Friday.    

The Asia-Pacific markets are also showing mixed reactions as Japan’s Nikkei 225 index is trading lower by 0.04 per cent and China’s Shanghai Composite is trading higher by 0.05 per cent.