Sachin Bansal exited Flipkart after leaving his 5.5% shareholding to Walmart.
The Nifty rose as much as 144.15 points over the last close of 10,301.05.
The rupee fell 21 paise to hit the new record low
The petrol rised by 14 paise and the diesel price was rised by 29 paise.
Sandeep Bakshi appointed as new Managing Director and CEO.
Indian rupee hits record low of Rs.73.76 per US dollar on Wednesday.
The Indian currency dropped 34 paise to 73.25 agianst the US dollar for the first time ever.
Gita served as the economic advisor to Kerala Chief Minister pinarayi Vijayan.
However, he will remain as the CEO of the company.
The decision was made as per the proposal made by the Finance Ministry on September 17th.