Skip to main content

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
Labels:

Comments

  1. Dariya14 March 2020 at 18:43

    nice information thanks for sharing valuable content with us we also provide great information related to your blog feel free to visit our Forex market

    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

    Good Article. You can check Stocks in News Today
    Share&Stock
    FMCG
    sectoral investment caps
    National Stock Exchange Nifty

    ReplyDelete
  4. Ady20 July 2020 at 15:44

    Thanks for your valuable information. stock investor is a stock related website which provides day to day information of the stock market.
    Exide Industries Ltd
    Container Corporation of India Ltd

    ReplyDelete

Post a Comment

Popular posts from this blog

Budget 2019 : LTCG Tax, GST, Home Loans, farmer income scheme needs to be focus

Budget 2018 was the last full-fledged budget presented by the government led by Narendra Modi. Long Term Capital Gains (LTCG) tax on profit earned from the sale of equity shares listed on a recognized stock exchange in India. The LTCG tax was re-introduced after a time gap of 14 years. The provisions were closely followed since they impacted the majority of taxpayers of the country. The tax was levied at the rate of 10 per cent (plus applicable surcharge and cess) while providing relief from gains accrued up to January 31, 2018, i.e., a mechanism was derived wherein the stock price as on 31 January 2018 was considered as the deemed cost, provided it is beneficial to the taxpayer. Following are some of the illustrative points: Treatment of compulsorily convertible instruments – The current provisions do not provide clarity on the cost to be adopted for the purpose of computation of capital gains in case of instruments that are compulsorily converted into equity sh...
1 comment
Read more

Stock Market News - Maruti Suzuki, Tata Motors top losers, metals lose shine

Maruti Suzuki, Tata Motors top losers - Tata Motors, Maruti Suzuki shares emerged among the biggest losers, shedding up to 2%. Sun Pharma, Bharti Airtel was trading up to 1% higher. NEWS ALERT |  1. L&T Technology Services wins new electrification project from European automobile OEM 2. UltraTech Cement said investor meetings would be held on September 9 and 10 which will be attended by the representatives of the company.  Metal Index About To Turn Oversold Technically, Metal Index doubled in 2 years as it gained 2,800 points over 1,400, however, in the last 21 months it has lost about 2,100 points, which is nearly 75 percent erosion."It implies that the sector is about to turn oversold and we could see starting of value buying or contra buying at the current or little lower levels," Shrikant Chouhan, Senior VP - Technical Research at Kotak Securities said. CATCH ALL THE MARKET UPDATES -  ABB trades in the red NBCC trades 2% higher Shilp...
1 comment
Read more

Share market Updates: Sensex up 180 points; Nifty above 10900; ONGC, HDFC fall, Titan zooms 4%

Share market LIVE updates: The domestic stock markets– Sensex and Nifty –opened higher tracking positive global cues from Asian markets. The 30-share Sensex rallied by more than 182 points to 36,285.46 in the opening trade while the Nifty 50 is trading above the 10,850 marks.  Kotak Mahindra Bank shares slumped about 0.5% to Rs 1,237.20, as December 31st is the last day according to RBI for Uday Kotak’s to cut stake in the bank. Jewellery-maker Titan shares gained by more than 4% to hit the day’s high at Rs 925.75. Earlier,  Singaporean and Malaysian stocks rose on Monday in thin year-end trading as a phone call between the U.S. and Chinese leaders spurred hopes that the two economic heavyweights would reach a deal that could ease their damaging trade standoff, Reuters reported. Rupee opens higher at 69.78 per US dollar; 10-year bond yield falls to 7.37% After appreciating about 40 paise on Friday to close the day 69.93 against the US currency, the rupee gained...
Post a Comment
Read more