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MARKET LIVE: Sensex off highs, up 250 points; Avenue Supermarts tumbles 6%
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Topics
MARKET LIVE | Markets | Reliance Industries Ltd
SI Reporter |
Last Updated at July 13, 2020 10:20 IST
EVENT HIGHLIGHTS
The Indian markets started the week on a strong note and were trading over half a per cent higher, on the back of firm global cues.
The S&P BSE Sensex jumped 280 points points at 36,880 levels, having reclaimed the 37,000 levels earlier in the session. The broader Nifty50 index conquered the crucial 10,800-mark. Reliance Industries rose over 2 per cent and hit a lifetime high on the BSE after it announced the sale of 0.15 per cent stake in Jio Platforms to Qualcomm Ventures for Rs 730 crore. Besides, Tata Steel and Tech Mahindra also gained 2 per cent each.
Meanwhile, Avenue Supermarts tumbled 5 per cent after the announcement of its June quarter results.
All the Nifty sectoral indices were trading in the green, led by Nifty Metal index, up 1.8 per cent.
The S&P BSE Sensex jumped 280 points points at 36,880 levels, having reclaimed the 37,000 levels earlier in the session. The broader Nifty50 index conquered the crucial 10,800-mark. Reliance Industries rose over 2 per cent and hit a lifetime high on the BSE after it announced the sale of 0.15 per cent stake in Jio Platforms to Qualcomm Ventures for Rs 730 crore. Besides, Tata Steel and Tech Mahindra also gained 2 per cent each.
Meanwhile, Avenue Supermarts tumbled 5 per cent after the announcement of its June quarter results.
All the Nifty sectoral indices were trading in the green, led by Nifty Metal index, up 1.8 per cent.
Rossari Biotech IPO
Specialty chemicals company Rossari Biotech will launch its Rs 500-crore IPO today, ending a four-month lull in the primary market. The price band for the IPO is Rs 423 to Rs 425 per share. At the top end, the IPO size works out to nearly Rs 500 crore and implies a post-IPO market cap of Rs 2,207 crore. READ MORE
Results today
A total of 18 companies including 5Paisa, India Home Loan, and MBL Infrastructures, are scheduled to announce their quarterly earnings today.
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