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.

11:10 AM

RIL AGM 

Customer base at 215 million customers within 22 months of start

11:10 AM

RIL AGM

RIL highest income tax payer in the private sector

11:09 AM

RIL AGM

Rs 263.12 billion excise duty paid

11:08 AM

RIL AGM

Net profits grew by 20.6% to Rs 360.75 billion

11:06 AM

RIL's 41st AGM begins

Stock quote: (Source: NSE)

10:49 AM

Ahead of RIL AGM

COMPANY	LATEST	PREV CLOSE	LOSS()	LOSS(%)	VOLUME
IDEA CELLULAR	54.20	55.15	-0.95	-1.72	459954
BHARTI AIRTEL	360.75	366.45	-5.70	-1.56	60707
TEJAS NETWORKS	298.00	299.30	-1.30	-0.43	12
REL. COMM.	13.60	13.64	-0.04	-0.29	1498804

10:45 AM

At 41st RIL AGM, Jio may take centre stage again; Street looks for numbers

The last two annual general meetings of Reliance Industries were nothing short of fun fare — announcing telecom venture Jio in the first and launch of JioPhones in the second. At the 41st AGM on Thursday, Jio may take the centre stage again.

 

According to RIL’s AGM notice, among other resolutions, RIL looks to seek shareholder approval to raise up to Rs 200 billion through non-convertible debentures (NCD). READ MORE

10:40 AM

YES Bank gains 3% post SEBI's approval to launch mutual fund business

Shares of YES Bank were trading 3% higher at Rs 346 per share on the BSE after the bank said that it has received the final regulatory approval (Certificate of Registration) from the Securities & Exchange Board of India (SEBI) to commence its mutual fund business. READ MORE

10:29 AM

Madras HC tells Sebi to take action against alleged scam in NSEL

The Madurai Bench of the Madras High Court has directed the ministry of finance, ministry of corporate affairs, and the Securities and Exchange Board of India (Sebi) to consider a complaint against the delinquent brokers of National Spot Exchange Ltd (NSEL) in connection with the Rs 56 billion payment crisis scam where the government is taking action. READ MORE

10:15 AM

Titan Company falls 4% on concerns of muted sales growth in June quarter

Shares of Titan Company have fallen 4% to Rs 853 per on the BSE in early morning trade after the Tata Group Companysaid that the sales growth in April-June quarter (Q1FY19) has been muted due to the weakness in the consumer sentiment. READ MORE

10:00 AM

Market Check

 

S&P BSE Sensex	35,648.26		0.01%
Nifty 50	10,770.65		0.01%
S&P BSE 200	4,630.20		0.04%
Nifty 500	9,195.50		0.01%
S&P BSE Mid-Cap	15,427.13		0.08%
S&P BSE Small-Cap	16,077.78		0.17%

9:47 AM

Chanda Kochhar asked to reply to Sebi show cause notice by July 10

The Securities and Exchange Board of India (Sebi) has set a fresh deadline for ICICI Bank and its managing director and chief executive officer, Chanda Kochhar, to reply to a show-cause notice over alleged violation of listing disclosure norms. The private sector lender and Kochhar did not respond to the notice by the June 7 deadline, citing lack of documentary proof to support the allegations. READ MORE

9:31 AM

F&O Strategies

 

REPCOHOME JULY FUTURES: Buy around 576-578 for a potential upside target of 595-598 with a stop below 568 (spot levels)

 

HINDPETRO JULY FUTURES: Sell around 254-255 for a potential downside target of 240-242 with a stop loss placed above 263 (spot levels)

 

COVERED CALL STRATEGY IN ESCORTS : Buy one lot of ESCORTS JUL FUT @ 883-884 & Sell one lot of ESCORTS JUL 900 CE @ 22-23 | BEP: 862 | Max Profit: 41800 | Max Loss: Unlimited Below BEP | Positional Stop Loss: 848 (Spot Levels)

(Source: Karvy)

9:21 AM

Nifty sectoral trend

9:19 AM

BSE Sensex gainers and losers