- Vodafone Idea re-enters top-100 most-valued firms list, zooms 129% in 1 mth
- RIL up 2%, hits new high as Abu Dhabi's Mubadala to buy 1.85% stake in Jio
- Stocks to watch: RIL, SBI, L&T, DLF, Bharti Airtel, RITES, HCL Tech, SRF
- MARKET WRAP: Sensex up 200 pts, Nifty tests 10,100; RIL hits new high
- UTI AMC initial public offering faces a delay over compliance issues
- Covid-19 impact: Nifty50 scorecard shows worst profit slump in 6 years
- Erroneous price feeds for F&O contracts disrupt trading on Bank Nifty
- Bank of Mauritius approaches RBI to clear the air on NBFC impasse
- Coronavirus impact: Sebi extends regulatory filing deadline for AIF, VC
- Premium liquor segment may prove to be a hangover for United Spirits
MARKET LIVE: Indices pare gains, Sensex up 100 pts; RIL scales new peak
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Topics
MARKET LIVE | Markets | Reliance Industries Ltd
SI Reporter |
Last Updated at June 5, 2020 10:26 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 was up around 100 points at 34,076.80 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. READ MORE
Bharti Airtel also gained over 2 per cent amid report that Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in the mobile operator. READ MORE
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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