For Quick Alerts
For Daily Alerts

Sensex Trades Lower; RIL Surges 7%


Benchmark indices were trading lower in early trade, despite a surge in the stock of Reliance Industries. The Sensex was trading lower by 120 points, while the Nifty was lower by 40 points in trade.

Shares in Reliance Industries surged 7 per cent, following a number of announcements by the company. Investors cheered the company's announcement to be debt free in the next 18 months or so. Apart from this aggressive plans for the telecom business and huge investments in the company by Aramco, gave a boost to the stock. Analysts see a further upside to the stock.


Shares in Tata Motors also saw a downtick in trade, after Jaguar landrover, posted a 5 per cent rise in sales in July. The stock of Tata Motors was lower by 0.30 per cent in trade.

Sensex Trades Lower; RIL Surges 7%

Muthoot Finance, which delivered a good set of results, was also down. The gold loan company posted a 9 per cent rise in consolidated net profit at Rs 563 crore for the quarter ended June 30, 2019.

Most pharma sector shares were also seeing good value buying at lower levels. Cipla and Sun Pharma were both up in early trade. Indian markets had rallied sharply on Thursday and Friday on hopes that the government was considering withdrawal of tax surcharge on the super rich.

Meanwhile, most Asian markets were lower in trade, following weak closings in the US. The Japanese Nikkei, was down more than 1 per cent, while the Hong Kong's Hang Sang was also down 1 per cent in trade.

Read more about: sensex nifty
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more