Reliance Industries shares finish 1.38 percent lower in the wake of AGM news as the closing bell rings, with the Sensex up 110 points to 64,996 and the Nifty at 19,306
Stock update: Reliance, Nestle, HCL, Titan, ITC, Tata Motors, and Airtel were among the losses on the 30-share Sensex platform. Gainers were L&T, M&M, HDFC Bank, Sun Pharma, Maruti, and Axis Bank.After a two-day losing streak, the two major market indices, the Sensex and Nifty, finished in the green on Monday. The BSE Sensex increased 110 points to settle at 64,996. The NSE Nifty, on the other hand, rose 40 points to 19,306.
Reliance, Nestle, HCL, Titan, ITC, Tata Motors, and Airtel were among the losses on the 30-share Sensex platform. L&T, M&M, HDFC Bank, Sun Pharma, Maruti, and Axis Bank, on the other hand, showed growth. Mukesh Ambani, the chairman of Reliance, laid forth plans for Reliance Retail, Jio Financial Services, and Reliance Jio during the 46th Annual General Meeting (AGM). Due to profit booking, the company’s shares closed the day as the top large-cap laggards. Reliance shares dropped 1.4%, and Jio Financial Services shares dropped 0.97%.
The BSE MidCap and SmallCap indexes saw gains of 0.6% and 0.7%, respectively, in the larger markets.The Nifty IT and FMCG indexes, which fell 0.46 percent and 0.23 percent, respectively, were the sole losers among sectors. Positively, the Nifty Bank, Auto, and Technology. The S&P BSE Sensex finished the previous session down 366 points at 64,887, while the NSE Nifty 50 finished 121 points lower at 19,266.
“The much awaited Jackson Hole meeting didn’t offer many surprises, as the Fed chair maintained its commitment to maintaining inflation within target boundaries and expressed satisfaction with the development of policy measures. Because of this, more people now anticipate a rate increase at the November Fed meeting. Asian counterparts led strong trading activity on the international markets as China’s steps to bolster the real estate industry lifted spirits. With the exception of the IT sector, which had worries about prospective rate rises, all major domestic sectors, as well as mid- and small-cap stocks, remained bullish, according to Vinod Nair, Head of Research at Geojit.
The S&P BSE Sensex finished the previous session down 366 points at 64,887, while the NSE Nifty 50 finished 121 points lower at 19,266.
“The much awaited Jackson Hole meeting didn’t offer many surprises, as the Fed chair maintained its commitment to maintaining inflation within target boundaries and expressed satisfaction with the development of policy measures. Because of this, more people now anticipate a rate increase at the November Fed meeting. Asian counterparts led strong trading activity on the international markets as China’s steps to bolster the real estate industry lifted spirits. With the exception of the IT sector, which had worries about prospective rate rises, all major domestic sectors, as well as mid- and small-cap stocks, remained bullish, according to Vinod Nair, Head of Research at Geojit.
