F&O expiry: IT, banks lift Sensex 393 pts up; RIL slips 2.4% post 44th AGM

The Nifty sectoral indices were mixed, with the Nifty IT index, up 2.79 per cent, leading the gainers, while the Nifty PSU Bank index, down 1.4 per cent, bled the most

9:18 AM

Opening Bell :: Nifty holds 15,700

9:17 AM

Opening Bell :: Sensex starts 150 pts up

9:14 AM

Fuel price update

IOC, BPCL & HPCL hike petrol price by 26 paise & diesel by 7 paise today

Petrol price in Mumbai at Rs 104/ltr; approximately Rs 98/ltr in Delhi

9:09 AM

Top gainers and losers on the S&P BSE Sensex in Pre-open

9:08 AM

Markets at Pre-open

9:07 AM

Markets at Pre-open

9:05 AM

Commodity corner :: Trading strategies for gold and aluminum

Buy Gold Aug above 47,300 | TGT: 48,000 | Stoploss: 46,850

 

Gold futures had made ‘Bearish belt hold’ candlestick format last week when the US Fed changed its outlook. Follow up candles have been negative, but prices are now starting to consolidate. Recent high after bearish belt hold candlestick is 47,300 and gold is struggling to gain any traction above that level. So, clearly sellers are defending that level and once that level is breached, we might see short covering. Looking at this scenario, we would recommend going long only above 47,300 for expected move till 48,000 and stoploss of 46,850 on a closing basis. READ MORE

9:03 AM

Top stocks to watch today

Reliance Industries: The 44th Annual General Meeting (AGM) of Reliance Industries (RIL) will be the most keenly tracked event on Thursday, where the company is touted to spell out its plans for the oil-to-chemical (O2C) telecom, digital and retailing verticals, according to analysts. The AGM begins at 2 PM.
 

New listing: The shares of Shyam Metalics and Sona Comstar are slated to list on the bourses on Thursday. A strong debut is on the cards for Shyam Metalics while Sona Comstar is likely to witness a muted listing, suggest grey market trends. READ MORE

 

9:00 AM

RIL 44th AGM :: Will the Chairman of Saudi Aramco join RIL's board?

“RIL’s annual general meeting (AGM) has historically been a keenly watched event (previously attended by 3,000 shareholders when held in physical format and last year saw 300,000 concurrent viewers of the virtual AGM across 42 countries and 468 cities), given that it has been one of the top 3 companies by market capitalisation in India, has a large free float, and a large public shareholding (more than 3 million non-institutional shareholders),” brokerage HSBC Global Research said in a report. Expectations are already built up for the AGM. READ MORE

8:59 AM

RIL 44th AGM :: Retail next growth engine for RIL, says Goldman Sachs

With a potential for a 10x growth in pre-tax profit from the business over the next decade, retail including e-commerce will be the next growth engine for Reliance Industries Ltd, Goldman Sachs said in a report.

 

After growing 5x over FY16-FY20, RIL's core retail revenue growth has taken a pause in FY21 (April 2020 to March 2021) due to Covid related macro headwinds including lower footfalls. READ MORE

8:55 AM

Shyam Metalics, Sona Comstar: What grey mkt is signaling ahead of listing

Shyam Metalics shares traded at a premium of Rs 123-125 or nearly 40 per cent over the issue price of Rs 306 in the grey market ahead of listing, while Sona Comstar shares were trading flat, up Re 1 over the issue price of Rs 291, according to grey market watchers. READ MORE

8:53 AM

Saudi Aramco, O2C vertical update :: Here's what analysts expect from RIL's 44th AGM

The upcoming annual general meeting of Reliance Industries (RIL), scheduled to be held on June 24, will be a keenly watched event, according to analysts, where the company is touted to spell out its plans for the oil-to-chemical (O2C) telecom, digital and retailing verticals. “Over the last year, new investors have joined RIL’s digital and retail business at subsidiary level and RIL has formed new partnerships with global players like Google, Facebook, Microsoft, QUALCOMM etc. READ MORE

8:49 AM

Market Ahead Podcast :: Top factors that could guide markets today

Shares of Reliance Industries will be in focus, with the company's 44th AGM slated for today. A roadmap for 5G rollout, likely announcements on affordable 5G phone, low-cost laptop JioBook and update on Aramco deal and retail business would be on top of investor radar. That apart, Fitch Ratings has upgraded RIL's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'BBB', from 'BBB-', with a Negative Outlook. At the same time, the agency has affirmed RIL's Long-Term Local-Currency IDR at 'BBB+' with a Stable Outlook. LISTEN TO THE PODCAST HERE

8:46 AM

Results today :: A total of 97 companies are slated to post their quarterly numbers today

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8:44 AM

Bulk deals on the NSE as on Wednesday

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