Nifty HIGH ON Thursday 9889 🔸SGXNIFTY currently trading @ 9315 -515
💫Reliance has announced the biggest rights issue of any Indian company in history, of Rs. 53,125 crore from its shareholders. The board has approved the issuance of equity shares of Rs 10 each of the company on rights basis to eligible equity shareholders.
💫Markets closed higher today, boosted by a promising COVID19 treatment drug from Gilead and the US Federal Reserve committing to ensuring market liquidity. Largecaps including Infosys, HDFC Bank and Reliance jumped. Nifty 50 closed at 9851.85 (298.5, 3.1%) , BSE Sensex closed at 33717.62 (997.5, 3.1%) while the broader Nifty 500 closed at 8008.05 (210.9, 2.7%). Market breadth is in the green. Of the 1619 stocks traded today, 905 showed gains, and 629 showed losses.
💫Apollo TriCoat Tubes gained on March quarter results
💫SBI Mutual Fund buys shares in Page Industries.
💫Auto and auto-ancillary stocks are among the top gainers today in the market recovery as investors hope for a quick reopening and recovery from the pandemic.
💫Axis Bank gets multiple BUY calls post March quarter results from HDFC Securities, Nirmal Bang, IDBI Capital and BOB Capital.
💫Reliance Industries is set to announce results today, and investors will be closely watching for details of the planned rights issue and Facebook-Jio deal. There has been a dearth of news on the Saudi Arabia Aramco deal, and there will be questions from analysts on this as Saudi Arabia faces a cash crunch amid falling oil prices.
💫JustDial has jumped today after the Board has approved a buyback, representing 4.84% of the total paid-up equity share capital at a maximum price of Rs. 700/- per share.
💫Hindustan Unilever results are due today, and analysts are expecting positive profit growth with the company riding on essential sales in the latter half of March.
💫JustDial is rising today as its Board meets to consider a buyback of shares.
💫Markets are trading higher on optimism over coronavirus treatments, with Gilead reporting positive recovery results for its drug Remdesivir in Phase 3 human trials. Nifty 50 was trading at 9780.55 (227.2, 2.4%) , BSE Sensex was trading at 33620.48 (900.3, 2.8%) while the broader Nifty 500 was trading at 7966.90 (169.7, 2.2%). Market breadth is overwhelmingly positive. Of the 1441 stocks traded today, 1144 showed gains, and 220 showed
PM Modi held a "comprehensive" meeting to discuss strategies to attract more foreign investments into India
Rishi Kapoor, who was diagnosed with leukemia in 2018, died in a Mumbai hospital today, aged 67.
Govt sources says GST Collections for the month of March, recorded in April slip to Rs 28,309 cr as of April 29
Reliance Jio's net profit rises 72.7% quarter-on-quarter.
7% decline in HUL's Q4 underlying volumes growth.
Tech Mahindra's Q4 net profit is down 29.8% QoQ.
RIL says will become net debt free ahead of March 2021 timeline
Ril-says-will-become-net-debt-free-ahead-of-march-2021-timeline-5814671.htm
Maharashtra COVID19 Update | Total coronavirus cases cross 10,000, Total cases now at 10,498.
Addition of 583 new cases in last 24 hours.
RILResults | Reliance’s annual EBITDA crosses Rs 1 lakh cr-mark for the first time.
Co also sees record annual revenue rise of 40.7% for digital services and 24.8% for retail biz
INDIA CORONAVIRUS UPDATE: TODAY CASES AT 1800 NEWLY ADDED VS 1705 PREVIOUS: COVID DATA TRACKER
SGX NIFTY DOWN 328 POINTS AT 9520
Nifty HIGH ON Thursday 9889 🔸SGXNIFTY currently trading @ 9315 -515
Reliance to carve out its oil and petrochemicals business into a separate entity before a stake sale to Saudi Arabian Oil.
Rebroadcast of #Ramayana on #Doordarshan smashes viewership records worldwide, the show becomes most watched entertainment show in the world with 7.7 crore viewers on 16th of April https://t.co/edmfMGMDj9
RIL declared the much-awaited details of its rights issue, which is not only India’s largest but the company’s first in nearly three decades
0 Comments