Sensex, Nifty up on global cues, Q1 results

Delia Watkins
July 22, 2017

The broader NSE index closed up 0.42 percent at 9,915.25, while the benchmark BSE index finished 0.39 percent higher at 32,028.89.

Market breadth was positive with 1,026 advances against 535 declines.

Reliance Industries Ltd, in a BSE filing on Friday, said that the board of directors of the company at its meeting held on July 21, 2017, has recommended issue of bonus shares to the members of the company in the ratio of 1:1, i.e. one bonus share for every one share held.

"Shares of Wipro, India's third largest IT firm, traded higher by 7.06 per cent to Rs 288 after the company on Thursday posted a 1.2 per cent rise in its consolidated net profit at Rs 2,076.7 crore for June quarter", Desai said.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,033.82 points, closed at 31,904.40 points - down 50.95 points, or 0.16 per cent, from the previous close at 31,955.35 points. On the back of this announcement, the launch of JioPhone and impressive Q1 results, RIL stock buzzed throughout the day.

Wipro shares spiked today after the company announced a mega share buyback plan worth up to Rs 11,000 crore.

Kate Middleton leaves the royal jewels at home for museum opening
Hintze Hall has another 10 new displays all chosen from the museum's collection of more than 80 million specimens. The 126-year-old skeleton has been positioned in a diving pose, taking months to prepare for exhibition.

Telecom as well as cable operators fell sharply after Jio offers.

Reliance gained 3.7 percent, but its telecom rivals slumped, with Bharti Airtel Ltd ending down 2 percent and Idea Cellular Ltd falling 3.3 percent.

Other gainers included Infosys, Coal India, Asian Paints, NTPC, SBI, TCS, Tata Motors, HDFC Bank and ICICI Bank, rising by up to 1.04 per cent. The stock had hit a high of Rs 291 so far during the day, which is a 52-week high. The stock had, however, underperformed the market over the past one quarter, gaining 7.6% as against the Sensex's 8.44% rise.

Shares of RIL jumped over 2% to touch Rs 1,564 per share while Wipro was trading higher by 6.7%, at Rs 287.05 per share.

The volume chart was led by Jaiprakash Associates with trades of over 9.60 million shares.

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