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Showing posts with the label Reliance Industries

Market News - Reliance Industries up 2%, Jet Airways down 10%

Reliance Industries up 2%-  Shares of billionaire Mukesh Ambani-led Reliance Industries jumped by more than 2% at Rs 1,375.50, ahead of its Q4 results.  Jet Airways down 10% - Shares of private sector airline slumped by 10% to Rs 216.45 on NSE. Shares of the cash-strapped airline plummeted over 34 per cent, its biggest intraday fall on record, to RS 158.70 apiece.  Spicejet At 14-Month High - Shares of the low-cost carrier rose as much as 15 percent to Rs 152.60, its highest since February 2018. The shares gained 52 per cent in the last five days. RIL, Wipro, Tech Mahindra, ICICI Bank, SpiceJet, Interglobe Aviation, HDFC, HDFC Bank, are the major gainers in the indices, while losers are Jet Airways, Infosys, TCS and Hindalco. Among the sectors, auto, energy and bank are trading higher, while selling seen in the metal, IT and infra. Rupee opening - Rupee opens at Rs 69.46 against US Dollar, up 14 paise against Tuesday's close of Rs 69.60 Ashok...

Market News-Tech Mahindra up 1%,RIL, Infosys, Bajaj Auto to be in focus

Tech Mahindra up 1%: The IT company will acquire Japan-based mobile network solution firm K-Vision for $1.5 million in an all-cash deal. Stocks to watch: Reliance Industries: Shares of India’s most valued company by market capitalization, Reliance Industries will be in focus today after Brookfield announced Thursday that it would be buying the loss-making gas pipeline East-West Pipeline for Rs 13,000 crore from it. Bajaj Auto: Brokerage house Credit Suisse said in a report that Bajaj Auto’s could decline in the first half of FY 20. The company has been reluctant to increase its dividend payout and investors would prefer it to return excess cash.  Credit Suisse has maintained a neutral stance on the company at a target price of Rs 2,700 per share. Infosys: The Indian IT major company Infosys has got shareholders approval for the buyback of its shares and to reappoint Kiran Shaw as an independent director. Coal India: State-owned Coal India said Thursday ...