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- RIL up 2%, hits new high as Abu Dhabi's Mubadala to buy 1.85% stake in Jio
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- MARKET LIVE: Indices pare gains, Sensex up 100 pts; RIL scales new peak
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MARKET LIVE: Indices off day's high; RIL scales new peak, Hexaware up 20%
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MARKET LIVE | Markets | Reliance Industries Ltd
SI Reporter |
Last Updated at June 5, 2020 10:38 IST
EVENT HIGHLIGHTS
(Photo credit: Kamlesh Pednekar)
Benchmark indices pared their early morning gains but were still trading in the positive territory on Friday.
Among headline indices, the S&P BSE Sensex hovered around 34,024 levels and the Nifty50 index was hovering above the 10,050 mark. Tata Steel (up 3 per cent) was the top Sensex gainer, followed by Sun Pharma and State Bank of India (both up 2%). Besides, Reliance Industries shot up 2 per cent after the conglomerate said that Abu-Dhabi based global investment company , Mubadala, would pick up 1.85 per cent in Jio Platforms for Rs 9,093.6 crore. Bharti Airtel also gained over 3 per cent.
The trend among Nifty sectoral indices was green, led by Nifty Metal index, up 2 per cent.
Results today
A total of 32 companies, including the State Bank fo India and Larsen & Toubro are scheduled to announce their March quarter results today.
Analysts are positive on the net profit of the SBI, which they expect to jump on a year-on-year (YoY) basis, loan growth is seen logging a tepid growth. READ MORE
L&T is expected to report muted numbers for the quarter due to project delays and a slowdown in execution owing to Covid-19 lockdown, analysts say. READ MORE
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