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		<img align="" alt="Markets" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2020-02/01/full/markets-1580530451-22332620.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Markets" width="620">
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		All the Nifty sectoral indices, barring Nifty Pharma, ended in the green, led by Nifty Bank index, up 3.74 per cent.</div></div>

Markets

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		Indian markets rallied in the final hour of Thursday&#39;s session, boosted by financials, after spending majority of the day in a range-bound manner. The benchmark indices ended over 2 per cent higher after the Supreme Court allowed the Department of Telecommunications (DoT) time till third week of July to consider the telecom companies&#39; proposal. The apex court also directed telcos to submit financial documents of the last 10 years. <a href="https://www.business-standard.com/article/current-affairs/agr-dues-telcos-to-file-financial-statements-before-sc-hearing-in-july-120061800594_1.html" rel="nofollow" target="_blank"><strong>CLICK HERE TO READ FULL REPORT</strong></a></div>
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		The S&P BSE Sensex jumped 700 points or over 2 per cent to settle at 34,208.05 levels while the Nifty50 index reclaimed the psychological level of 10,000 and ended at 10,092, up 210.50 points or over 2 per cent. Volatility index, India VIX, dropped over 5 per cent to 31.58 levels.&nbsp;</div>
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		Among individual stocks, Bajaj Finance, Axis Bank, and Power Grid were the top Sensex gainers. Muthoot Finance surged over 16 per cent to Rs 1,162.55 after declaring its March quarter results. Reliance Industries (RIL) hit a fresh high of Rs&nbsp;1,665 during the day. The stock ended at Rs&nbsp;1,656, up 2.53 per cent.&nbsp;</div>
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		All the sectoral indices on the NSE, barring Nifty Pharma, ended in the green, led by Nifty Bank index, up 3.74 per cent.</div>
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		In comparison, the broader market underperformed the benchmarks. The S&P BSE MidCap index gained 1 per cent and and the SmallCap index rallied around 1.5 per cent.</div>
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		<strong>Global markets</strong></div>
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		Global stocks drifted on Thursday as spiking coronavirus cases in some US states and China crushed hopes of a quick global economic comeback from the pandemic. S&P 500 mini futures clawed back losses during Asian trade to end 0.2 per cent lower. China&#39;s blue-chip CSI300 shares were a bright spot, adding 0.7 per cent.&nbsp;</div>
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		In Europe, too, shares retreated. The pan-European STOXX 600 index fell 0.3 per cent after two straight days of gains, driven by optimism over global stimulus helping economies claw back from the coronavirus-led slide.</div>
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		In commodities, oil prices ticked up after US oil product stocks shrank. Brent crude futures were up 37 cents at $41.08 a barrel at the time of writing of this report. US West Texas Intermediate (WTI) crude futures rose 25 cents to $38.21 a barrel.</div>
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		Both benchmarks were down about 2 per cent earlier in the session.</div>
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		<strong><em>(With inputs from Reuters)</em></strong></div>
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Financials, RIL lift indices; Sensex jumps 700 pts, Nifty ends at 10,092

Business Standard

Financials, RIL lift indices; Sensex jumps 700 pts, Nifty ends at 10,092 | News on Markets - Business Standard

<strong>Maintains &#39;Hold&#39;, Target price: Rs 450</strong><br />
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&gt;&gt; Q4 volumes beat estimates by 11%<br />
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&gt;&gt; Expects normal volume by Q3 and sees CAGR of 8% over FY20-22<br />
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&gt;&gt; Says, recovery in volume and margin expansion are already priced-in

<strong>Maintains &#39;Outperform&#39;, Target price: Rs 525 from Rs 570</strong><br />
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&gt;&gt; Q4 EBITDA beats by 4% as margin offset lower volume<br />
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&gt;&gt; Expects volume normalisation by 2020 end<br />
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&gt;&gt; Sees cut is domestic gas prices and GST inclusion as near-term tailwinds<br />
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&gt;&gt; Cuts FY21/22 EPS estimates by 35%/8%<br />
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&gt;&gt; Says, Co is the best in the volume growth story<br />
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	<img align="" alt="" class="imgCont" height="420" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-10/02/full/1538473969-017.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="630" /></div>
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Petrol and diesel prices at Rs 77.81/litre (increase by Re 0.53) and Rs 76.43/litre (increase by Re 0.64), respectively in Delhi today. <a href="https://t.co/nkCvsbZkuT">pic.twitter.com/nkCvsbZkuT</a></p>&mdash; ANI (@ANI) <a href="https://twitter.com/ANI/status/1273421731579834368?ref_src=twsrc%5Etfw">June 18, 2020</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Nifty outlook and stock recommendations by CapitalVia Global Research

As per weekly option data, handful of put writing on higher strikes ranging from 9,700 to 9,900 is seen, which shows Nifty might witness support in subzone of 9,800, which might also act as support as maximum put OI is placed here after 9,700. But Nifty likely to face stiff resistance at 10,000 as maximum call OI is placed here. We might witness strength only if Nifty breaks level of 10,000. Therefore, traders should try to create short position keeping close eye on 10,000, as it might act as a resistance for this weekly expiry. <a href="https://www.business-standard.com/article/markets/nifty-outlook-and-stock-recommendations-by-capitalvia-global-research-120061800189_1.html" rel="nofollow" target="_blank"><strong>READ MORE</strong></a><br />
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FII/FPI & DII trading activity on NSE, BSE and MSEI

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https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/159244923043.jpg

&gt;&gt;&nbsp;Oil prices dropped on Thursday with US crude futures falling 1.9% to $37.49 per barrel, while international benchmark Brent lost 1.4% to $40.14 a barrel.<br />
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	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-02/24/full/1582563498-0973.png" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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&gt;&gt; At 8:24 am, the index was at 9,776.5 level, down 88 points or 0.89 per cent<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2016-02/12/full/1455259666-6253.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
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Global stocks retreat on rising second wave fears

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S&P closes lower as new COVID-19 cases surge

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Financials, RIL lift indices; Sensex jumps 700 pts, Nifty ends at 10,092

All that happened in the markets today

BROKERAGE VIEW :: Jefferies on IGL

BROKERAGE VIEW :: CLSA on IGL

FUEL PRICE UPDATE

Nifty outlook and stock recommendations by CapitalVia Global Research

Bulk deals on NSE as on Wednesday

Bulk deals on BSE as on Wednesday

FII/FPI & DII trading activity on NSE, BSE and MSEI

Rupee check

Oil check

SGX Nifty hints at another weak start

Global stocks retreat on rising second wave fears

S&P closes lower as new COVID-19 cases surge