MARKET WRAP: Sensex sheds 71 pts; Infy slips 4.4%, RIL falls 2.5% post AGM

Among sectoral indices, the Nifty Metal index settled 1.4% lower led by a fall in shares of National Aluminium Company and Vedanta.

1:02 PM

Telecom result preview Bharti to slip into the red, Idea's losses to double in June quarter

 

Despite the subscriber gains from exits of smaller operators and consolidation in the sector, listed telecom operators Bharti Airtel and Idea Cellular are expected to report losses to the tune of over Rs 20 billion for the June quarter. While Bharti Airtel will gain on the revenues front due to the consolidation of Telenor, it is expected to report a loss of over Rs 5 billion for the June quarter. READ MORE

12:47 PM

NEWS IMPACT Broadband stocks fall as RIL announces launch of JioGigaFibre

 

Shares of broadband and cable TV operators like Hathway Cable & Datacom, Den Networks and Siti Networks have tanked up to 18% after the Reliance Industries announced the launch of Jio Gigafibre.

 

Hathway Cable & Datacom hit a 52-week low of Rs 19.85, down 18% on the BSE in intra-day trade. Den Networks plunged 11% to Rs 66.05, trading close to its 52-week low of Rs 65 touched on August 11, 2017., while Siti Network was down 5% at Rs 13.12 on the BSE. Bharti Airtel too was down 1.1% at Rs 362.30. READ MORE 

12:35 PM

Telecom stocks post RIL AGM

COMPANY	LATEST	PREV CLOSE	LOSS()	LOSS(%)	VOLUME
TEJAS NETWORKS	294.95	299.30	-4.35	-1.45	270
BHARTI AIRTEL	361.95	366.45	-4.50	-1.23	192034
IDEA CELLULAR	54.95	55.15	-0.20	-0.36	898781

12:13 PM

Market check

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	35,563.03	-82.37	-0.23
S&P BSE SENSEX 50	11,260.00	-25.66	-0.23
S&P BSE SENSEX Next 50	31,881.03	-87.45	-0.27
S&P BSE 100	11,014.61	-25.72	-0.23
S&P BSE Bharat 22 Index	3,281.30	-8.75	-0.27

12:10 PM

RIL AGM

Reliance accounts for 8.9% India's merchandise exports

12:08 PM

RIL AGM

Mukesh Ambani on oil & gas: RIL-BP JV seeking opportunities to market gas in India

12:07 PM

RIL AGM

 

Mukesh Ambani on oil & gas: Plans to deploy technologies along with its partner, BP, to ensure gas production from KG-D6 by 2020. Aims to achieve production of 30-35 million cubic meters of per day by 2022

12:05 PM

RIL AGM

Mukesh Ambani on refining: Commissioned world's largest coke gasification projects

12:04 PM

RIL AGM

Mukesh Ambani on Oil & Gas biz: Proposes cross-border merger of Reliance Holding USA Inc. with RIL

12:03 PM

RIL AGM

Mukesh Ambani on Oil & Gas biz: Successfully commissioned the largest Paraxylene complex with 4.2 mn metric tn

12:02 PM

RIL AGM

Mukesh Ambani on Oil & Gas biz: Committed to becoming one of the largest recylers of plastic and polymers; Adding carbon fibre & composites to portfolio petchem pdts

12:02 PM

Market Check

 

S&P BSE Sensex	35,580.71		-0.18%
Nifty 50	10,754.55		-0.14%
S&P BSE 200	4,620.41		-0.18%
Nifty 500	9,176.70		-0.19%
S&P BSE Mid-Cap	15,367.41		-0.31%
S&P BSE Small-Cap	16,022.42		-0.18%

12:02 PM

RIL AGM

Mukesh Ambani on Oil & Gas biz: Jamnagar refinery has now completed 20 years of operations

11:52 AM

RIL AGM

Mukesh Ambani: Jio has enabled RIL to strategically reinvent itself as a Tech Platform Co

11:48 AM

RIL AGM

Mukesh Ambani: Confident Reliance Retail will become bigger, better & more profitable