Markets Live: Mukesh Ambani unveils of JioGigaFiber, JioPhone 2

RIL AGM | One can register for 'JioGigaFiber' via MyJio or Jio.com

RIL AGM | Reliance Retail: 3,500 stores opened last year, 4,000 more this year

RIL AGM | See our biggest growth opportunity in creating hybrid online-offline market: Mukesh Ambani

Reliance Retail sold 5 lakh tonne of groceries

- Mukesh Ambani, Chairman, RIL

RIL AGM | 1,300 fully automated petro retail outlet saw robust growth

JioPhone2: What's in it for you

RIL AGM | Jio revenue crossed Rs 69,000 crore. growth of 100% YoY

RIL AGM | 7,500 Jio stores saw 350 million footfalls this year

RIL AGM | JioGigaFiber to be launched across 1,100 cities of India simultaneously

RIL AGM | Customer can start registering for JioGigaFiber from August 15

RIL AGM | Mukesh Ambani son Akash Ambani: 'Gone are the days of MBPS, now it will be about GBPS'

RIL AGM | Jio Phone 2 will be available at an introductory price of Rs 2999 from August 15

RIL AGM | Facebook, YoutTube and Whatsapp can be used on Jio Phone from August 15

RIL AGM | Mukesh Ambani's daughter Isha Ambani introdes a high end model of JioPhone 'JioPhone 2'

Jio customers are actively engaged with it for more than 290 minutes per day.

- Mukesh Ambani, Chairman, RIL

RIL AGM - Key highlights

For Reliance Jio Infocomm business, voice usage has grown from 250 crore minutes per day to more than 500 minutes. On the other hand, video consumption has grown from 165 crore hours per month to 340 crore hours per months.

- Mukesh Ambani, Chairman, RIL

RIL AGM | Jio + Retail = 13% of RIL's total bottomline

RIL AGM | RIL highest income-tax payer in Indian private sector, paid Rs 9,844 crore for FY18

RIL AGM | Paid highest excise and customs duty to exchequer in private sector

RIL AGM | Consolidated EBIDTA from Jio and Retail up to 13% in FY18 from 2% in the previous year: Mukesh Ambani

Jio is truly India's mobile TV network: Mukesh Ambani at RIL AGM

RIL AGM | New age businesses have started delivering profits. Hydrocarbon & consumer biz have helped co create more records,scale new heights: Mukesh Ambani

New age biz has started delivering profits: Mukhesh Ambani at RIL AGM

RIL Vs Sensex movement since last AGM

Future Lifestyle rallies 5% on Koovs pact

Future Lifestyle Fashions (FLFL) jumped 5 per cent on Thursday after the company reached a conditional agreement with Koovs to subscribe up to 29.9 per cent stake. The agreement is subject to regulatory and procedural approvals. The move will give Future Lifestyle access to an online fashion platform, something that had been missing from its portfolio, said Jefferies in a note.

Private bank stocks mixed; YES Bank climbs nearly 3%

Private bank stocks were trading mixed during morning trade on Thursday. The Nifty Private Bank was trading 0.44 per cent up at 15,098 around 10:10 am. Shares of YES Bank (up 2.65 per cent) rose nearly 3 per cent. The private lender has received final regulatory approval from the Sebi to start mutual fund business. This approval is after the Reserve Bank of India's (RBI) approval, it added.

RIL AGM: Update on voice over WiFi

Reliance Jio Infocomm has informed the government that it will launch voice over WiFi shortly, a move that will give the Mukesh Ambani-owned carrier’s customers the ability to make calls even in areas having poor mobile signals, ET reported. The company's recent annual numbers suggested a robust improvement in profitability, operating cash flow and return ratios.

RIL AGM: Launch of fiber to home services

FTTH services has been in the Beta phase for sometime now, according to analysts. The launch may not be pan-India, but in select relevant markets, they said. The company estimates the potential FTTH market size at 90 million home subscribers, Motilal Oswal Securities said in a recent note. The management plans to shift capex focus toward fibre, which will be used to expand both FTTH as well as enterprise data offerings in the market, it noted.

RIL AGM: Whether it is the retail or the Jio business, RIL has really set itself apart. RIL is one stock one should have in its portfolio for the next three to five years

- Nischal Maheshwari, Head-Institutional Equities, Edelweiss Securities

PSU bank stocks listless; shares of SBI under pressure

PSU bank stocks were appearing listless during morning trade on Thursday. The Nifty PSU Bank was index was trading nearly flat at 2,767 around 10 am. Shares of Canara Bank (up 0.78 per cent), Indian Bank (up 0.62 per cent), Punjab National Bank (up 0.39 per cent), Union Bank of India (up 0.38 per cent) and Allahabad Bank (up 0.37 per cent) were trading with tepid gains.

Nifty option OI change (Source: SMC)

Tata Motors slips 3% on JLR CEO warning, Nano sales

Tata Motors weakened over 3 per cent early Thursday after the CEO of its subsidiary Jaguar Land Rover (JLR) reportedly warned that a hard Brexit would cost £1.2 billion a year. The scrip was down 3.30 per cent at Rs 258.20 at around 9.30 am. The BSE Sensex dropped 25 points, or 0.07 per cent, to 35,619 at around the same time. Tata Motors' small car Nano is staring at the end of its journey with just one unit produced in June. But the company maintained that no decision has been taken yet on stopping its production.

RIL’s 41st AGM today: JioFiber launch likely, what else to expect

The stage is set for Reliance Industries’ 41st annual general meeting later in the day, where Chairman and Managing Director Mukesh Ambani is expected to announce the commercial launch of JioFiber FTTH broadband services.

Nifty option OI concentration

Rupee slips further, opens 6 paise lower against US dollar

The rupee on Thursday opened 6 paise lower at 68.80 against the US dollar. The domestic unit on Wednesday reversed most of its gains towards the fag-end session, losing 17 paise at 68.74 against the US dollar amid rising crude oil prices and inflationary concerns after MSP hike for Kharif crops by the government.

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OPENING BELL: Sensex, Nifty50 flat; Tata Motors drops 4%, Titan 3%; RIL up 1% ahead of AGM

Pre-open session: Sensex up 30 points, Nifty50 nears 10,800

Sensex up 30 points, Nifty50 nears 10,800; rupee trades at 68.80 against US dollar.

Tech view: Nifty50 forms long bullish candle

At close, the index was close to its falling supply trendline by connecting the swing highs of 10,893 and 10,837 levels, said Chandan Taparia of Motilal Oswal Securities. “If it manages to hold above 10,777, a breakout could attract fresh short coverings, which may propel the index towards 10,835 and 10,888 levels,” he said.

Bank Nifty may jump 150 points today

The unexpected spike in the put-call ratio (PCR) of weekly Bank Nifty options, accompanied by a shedding of call open interest (OI) at key levels, increases the odds of the index rising by 150 points or more on July 5 due to fresh buying and short covering of calls and futures. Analysts expect traders to buy Bank Nifty futures or the 26500 call expiring on July 5 in case of a dip at opening or if the index opens flat.

Asian shares trade cautiously

Asian stocks got off to a cautious start on Thursday as investors remained nervous amid a looming deadline for Washington’s proposed tariffs on Chinese imports, leaving financial markets in a state of anxious uncertainty, Reuters reported. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.03 per cent. US markets were shut overnight.

China will not fire first shot

China will “absolutely not” fire the first shot in a trade war with the United States and will not be the first to levy tariffs, its finance ministry said on Wednesday, Reuters reported. A person with knowledge of the plan earlier told Reuters China’s threatened tariffs on $34 billion of US goods would take effect from the beginning of the day on Friday.

Brent prices inch lower

Brent crude futures LCOc1 were down 0.3 percent at $78.02 a barrel, losing some steam after two successive days of gains, Reuters reported. Brent had risen on Wednesday on a threat from an Iranian commander and a drop in US crude inventories.

RIL's 41st AGM today

The 41st Annual General Meeting of Reliance Industries Limited (RIL) to be held later in the day at Birla Matushri Sabhagar in Mumbai from 11 am onwards, where the company chairman and managing director Mukesh D Ambani deliver a speech on various business verticals.

Steep MSP prices may lift inflation

The government decision on Wednesday to significantly increase minimum support price (MSP) for several kharif crops to boost farmers’ incomes could push inflation upwards and widen the fiscal deficit, independent economists have said. The Reserve Bank of India could subsequently raise interest rates to counter the potential inflationary impact, some of them said.

25 nations on global banks’ ‘high risk’ List

China, UAE, Cyprus and significantly, Mauritius, along with 21other countries have been tagged as “high-risk jurisdictions” by global banks acting as custodians for foreign funds which comprise the largest group of investors in the Indian stock market. Large investors and beneficial owners of these funds entering India through these high-risk jurisdictions will face close scrutiny while NRIs and persons of Indian origin will run into new hurdles in participating in funds set up in these countries for trading on Indian exchanges.

Sebi sends fresh notice to NSE

The Securities and Exchange Board of India has issued a fresh show-cause notice to the National Stock Exchange and some of the key officials — including former CEOs Ravi Narain and Chitra Ramkrishna — on Wednesday, asking them to explain the allegations of preferential access to a few high-frequency traders and brokers to its trading platform, said three people close to the development.

FPIs sell Rs 284 cr worth equities

Foreign portfolio investors (FPIs) sold Rs 284 crore worth of domestic stocks on Wednesday, provisional data available with BSE suggested. DIIs were net buyers to the tune of Rs 611 crore, data suggested.

Singapore trading sets stage for negative start

Nifty futures on the Singapore Stock Exchange were trading 20 points, or 0.19 per cent, lower at 10,753, indicating a negative start for the Nifty50.

Sensex on Wednesday

The S&P BSE Sensex added 267 points, or 0.75 per cent, to shut shop at 35,645, while NSE’s Nifty50 gained 70 points, or 0.65 per cent, to settle at 10,769.

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