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Stock Market News - RIL Hits, Yes Bank Extends Decline

RIL Hits Fresh Record High; Nears Rs 10 Lakh Crore Market Cap Mark Shares of Reliance Industries extended gains for the second consecutive trading session. The stock rose as much as 3.9 percent to hit an all-time high at Rs 1,569. The scrip is set to clock Rs 10 lakh crore in market capitalization.


Reliance Jio joins Airtel, Vodafone Idea to raise tariffs- Telecom tariffs are finally set to rise with Reliance Jio also on Tuesday stating that to strengthen the industry it will take measures like increasing tariffs in the next few weeks. 

On Monday, Vodafone Idea and Bharti Airtel had said that they will increase tariffs from December. This will be the first time since September 2016 — when Reliance Jio launched its services — that tariffs will be revised upwards by the telecom companies

Oil Check -- A far larger than expected rise in crude stocks led to a decline in prices. Brent crude futures stood at $60.91 a barrel early on Wednesday, after sliding 2.6 percent overnight. 

BROKERAGE RADAR:: Credit Suisse on RIL
-- Maintains neutral rating, but raises the target to Rs 1,400/Sh (from Rs 1,210)

-- Tariff hike by Jio could bring revenue worth over $1.5 billion

-- Revenue to help achieve zero debt target by FY21

NEWS ALERT :
  • Vodafone Idea continues to cruise
  • Bharti Airtel extends rally, gains 3% in early trade
  • YES Bank slides after RBI finds the bank under-reported bad loans

TOP GAINERS & LOSERS - 

RIL, Bharti Airtel, ICICI Bank, IOC, Power Grid, Bharti Infratel, HPCL, IndusInd Bank, Grasim are among major gainers on the Indices, while losers are Yes Bank, Tata Steel, Infosys, Tata Motors, Axis Bank, Hero MotoCorp and ITC. Among sectors, except metal and auto, other indices are trading higher led by the energy, infra and PSU Bank.

Yes Bank Extends Decline After Reporting Bad Loan Divergence For FY19 Shares of Yes Bank fell for the fourth consecutive trading session. The stock fell as much as 3.4 percent to Rs 62. The Mumbai-based lender said that the Reserve Bank of India found under-reporting of bad loans at the bank in the previous financial year.



Sensex | Market News | Top Gainers | Reliance | Gold | Rupee
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Comments

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    ReplyDelete
  2. Sadhana4 April 2020 at 16:12

    Really useful information and it’s great article with good resources. Checkout our Stock Investor website for more latest stock market update.
    Reliance Industries
    Bank Nifty
    inter-ministerial group on LIC
    Indian Stock Market

    ReplyDelete
  3. Maya Aaliyah15 April 2020 at 16:58

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    Thanks for your valuable information. stock investor is a stock related website which provides day to day information of the stock market.
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