According to block deal data available with the BSE, Sanjay Chamria and Mayank Poddar sold 27,06,350 shares each at an average price of Rs 222 apiece, taking the transaction size to Rs 120.16 crore.
Market players also attributed technical factors to the rebound and said it is too early to call it a reversal in fortunes
The cash proceeds will be used to pay off Rs 2,700 crore of overseas debt
On June 16, the firm had set a target price of Rs 3,170 per share, saying RIL was amongst the few large companies in India with a positive earnings revision cycle
BSE Metal Index now down 35% from 2022 highs
Easing raw material prices are a key trigger for the adhesive market leader
Experts remain sanguine on the domestic markets' ability to turn around and believe robust domestic inflows, strong economic indicators, and cheap valuations will strengthen the markets
An average 267 stocks hit their 52-week lows every day last week on the BSE as the rout took key benchmark gauges to multi-month lows
DGL's IPO will comprise a fresh issue of equity shares of face value of Rs 1 each, for an amount aggregating up to Rs 300 crore and an offer for sale for up to Rs 250 cr
The Securities Appellate Tribunal (SAT) on Thursday stayed Sebi's demand notices issued to exchanges, BSE and NSE, in a case related to Karvy Stock Broking Ltd (KSBL), whereby they had to pay Rs 5 cr
CLOSING BELL: The top laggards were Bajaj Finserv, IndusInd Bank, Bajaj Finance, Hindalco, Tech M, Tata Motors, ICICI Bank, Adani Ports, NTPC, and TCS
The advance decline ratio (ADR) for May was 0.84, with 1,718 stocks advancing and 2,037 declining
The market's confidence has been shaken as persistently elevated levels of commodity prices, and disrupted supply chains continue to be a double whammy for the economy and companies alike.
The Sensex closed at 54,892, with a decline of 215 points, or 0.4 per cent, and the Nifty finished at 16,356, with a drop of 60 points, or 0.3 per cent
CLOSING BELL: nfosys, ICICI Bank, Kotak Bank, ITC, and Tata Steel were the large-caps that helped the 30-pack index bounce back from lows
Shares of Aether Industries made a relatively firm debut on the exchanges against recent listings on the exchanges.
High crude oil prices, lacklustre macroeconomic data and foreign fund outflows also played spoilsport
CLOSING BELL: Reliance Industries (RIL) was the biggest contributor, accounting for over 65 per cent of today's gains, as its shares surged 3.6 per cent
CLOSING BELL: The Nifty50 index shut shop at 16,523, down 62 points or 0.37 per cent
It surpassed its all-time highest monthly record of 1.96 crore transactions achieved in March, while number of such transactions was 1.94 crore in April, the exchange said in a statement.