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.
3:58 PM
Sectoral performance
3:55 PM
Weekly Sensex gainers and losers
3:49 PM
Top Sensex gainers and losers
3:47 PM
RIL ended at Rs 1,586, up 3.76%. The stock hit in intraday high of Rs 1,592, up 4% on the BSE.
3:42 PM
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.
3:40 PM
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%.
3:37 PM
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.
3:26 PM
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.
3:21 PM
Nifty IT (up 2%) continues to lead among sectoral indices. Wipro, HCL Tech, TCS and Infosys gain the most, up between 2% and 6%.
3:14 PM
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
3:10 PM
At 3:10 pm, volatility index VIX was down nearly 2% to 11 mark.
3:09 PM
Top Sensex gainers and losers
gainers
2:49 PM
Markets recover after RIL (up 4%) extends gains; Sensex up over 100 points, Nifty back above 9,900
2:35 PM
MARKET CHECK
At 2:30 pm, the Sensex was trading at 31,940, up 36 points, while The Nifty50 was ruling at 9,880, up 7 points.
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 period of the last financial year, RIL said in a statement.
In other global markets, the euro's surge to an almost two-year high dominated financial markets on Friday, with most major stock exchanges consolidating after a second strong week of gains while those in mainland Europe dipped.
Investors seem largely to have got over a period of jitters spurred by concerns over the pace of US economic growth and signs that several of the world's major central banks were determined to tighten monetary policy soon.
 "RIL up 4% on 1:1 bonus issue; Nifty ends above 9,900, but flat for the week")
