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RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

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SI Reporter  |  New Delhi 

Benchmark indices ended higher after Reliance Industries rallied nearly 4% on the BSE. Earlier in the day, RIL chairman Mukesh Ambani, announced a 1:1 bonus issue at the company's 40th annual general meeting (AGM) in Mumbai. A day earlier, the company reported its highest quarterly consolidated net profit of Rs 9,108 crore in three-months to 30 June on the back of higher petrochemical margins and one-time gain from sale of African asset. Net profit in the April-June quarter at Rs 9,108 crore (Rs 30.8 per share) was 28% higher than Rs 7,113 crore (Rs 24.1 a share) in the same ...

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RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

Vinod Nair, Head of Research, Geojit Financial Services   Market was enthused by Jio's rapid expansion and innovative plan. The market capitalisation of RIL increased by Rs 19,000 crore today, whereas rivals failed to find their bandwidth. Additionally, continued buying interest in IT and private banks lifted the market from the volatile zone to settle in positive terrain. 

RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

Sectoral performance 

RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

Weekly Sensex gainers and losers

RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

Top Sensex gainers and losers 

RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

RIL ended at Rs 1,586, up 3.76%. The stock hit in intraday high of Rs 1,592, up 4% on the BSE.

RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

The market breadth, indicating the overall health of the market, remained negative. On BSE, 1,423 shares declined and 1,256 shares rose. A total of 139 shares were unchanged.  

RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

In the broader market, BSE Midcap and the BSE Smallcap indices ended little changed. For the week, BSE Midcap settled flat, while BSE Smallcap added 0.5%.

RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

MARKETS@CLOSE  The Sensex settled at 32,028, up 124 points, while the broader Nifty50 ended at 9,915, up 41 points. For the week, both indices closed flat. 

RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

Oil update Oil prices edged higher on a weaker dollar and diplomatic tensions in the Gulf, but Brent held below the $50 per barrel level that was breached for the first time in six weeks on Thursday. Benchmark Brent crude futures were up 24 cents at $49.54 a barrel, while US West Texas Intermediate (WTI) crude futures traded at 47.09 a barrel, up 17 cents.

RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

Nifty IT (up 2%) continues to lead among sectoral indices. Wipro, HCL Tech, TCS and Infosys gain the most, up between 2% and 6%.

RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

Sterlite Technologies WAS UP 8% AFTER hitting a new high of Rs 248, up 20% on the National Stock Exchange (NSE), extending its two-session long rally of over 30% after  the company said it reported its highest ever quarterly revenues driven by strong order book and export sales in June quarter (Q1FY18). CLICK HERE FOR FULL REPORT

First Published: Fri, July 21 2017. 15:40 IST
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RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week

Watch this space for all live market updates

Benchmark indices ended higher after Reliance Industries rallied nearly 4% on the BSE. Earlier in the day, RIL chairman Mukesh Ambani, announced a 1:1 bonus issue at the company's 40th annual general meeting (AGM) in Mumbai. A day earlier, the company reported its highest quarterly consolidated net profit of Rs 9,108 crore in three-months to 30 June on the back of higher petrochemical margins and one-time gain from sale of African asset. Net profit in the April-June quarter at Rs 9,108 crore (Rs 30.8 per share) was 28% higher than Rs 7,113 crore (Rs 24.1 a share) in the same ...

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