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MARKET LIVE: Sensex, Nifty recoup losses ahead of RBI press meet; RIL up 1%
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MARKET LIVE | Markets | Reliance Industries Ltd
SI Reporter |
Last Updated at May 22, 2020 09:44 IST
EVENT HIGHLIGHTS
(Photo: Kamlesh Pednekar)
Indian markets erased the entire opening losses on Friday ahead of the 10 AM press conference by Reserve Bank of India (RBI) Governor Shaktikanta Das.
Among headline indices, the S&P BSE Sensex was up 40 points at around 30,970 levels and the Nifty50 index reclaimed the 9,100 mark. Infosys gained 2 per cent after the class action lawsuit filed against the company in the US was dismissed. Reliance Industries gained 1 per cent after the conglomerate said that KKR would invest Rs 11,367 crore into Jio Platforms for 2.32 per cent equity stake. READ MORE
The trends among Nifty sectoral indices was mixed. Nifty PSU Bank index, up 1.8 per cent, gained the most.
Results today
A total of 25 companies including Alembic Pharmaceuticals, IDFC First Bank, and UPL, are scheduled to announce their March quarter earnings later in the day.
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