Reliance Industries, Infosys among top stocks trending on Dalal Street today
Reliance Industries will remain in focus as its telecom venture Reliance Jio is all set to kick off its Monsoon Hungama Offer laster today, a day ahead of what was initially planned.
The Sensex and Nifty are expected to open lower on Friday ahead of no-confidence motion against PM Narendra Modi-led government, while Asian markets eked out modest gains on Friday as investor caution prevailed amid concerns about the European Union imposing retaliatory tariffs on US goods. US President Donald Trump’s criticism of Federal Reserve policy also hurt sentiment.
At 8:00 am, the SGX Nifty was trading at 10,967, down 10.50 points or 0.10 per cent.
MSCI’s broadest index of Asia-Pacific shares outside Japan inched up 0.1 per cent. Australian stocks added 0.5 per cent and South Korea's KOSPI edged up 0.07 per cent. Japan's Nikkei reversed earlier modest losses to rise 0.2 per cent, lifted as the dollar came off lows versus the yen.
Here are five stocks in news today:
Reliance Industries: RIL stock will remain in focus as its telecom venture Reliance Jio is all set to kick off its Monsoon Hungama Offer laster today, a day ahead of what was initially planned.
Andhra Bank: Andhra Bank clarified against the money-laundering charges that the exposure to Sterling group at Rs 1143.85 crore has been classified as NPA.
Infosys: IT firm Infosys said it has set up a new Digital Studio in Berlin. Powered by Brilliant Basics the Digital Studio in Berlin will provide clients comprehensive and continued digital transformation solutions, Infosys said in a statement.
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Fortis Healthcare: Fortis Healthcare said extra ordinary general meeting (EGM) of the company will be held on August 13 to seek shareholders nod for its acquisition by Malaysia's IHH Healthcare. Last week, Fortis Healthcare board had approved a Rs 4,000-crore offer from IHH Healthcare for 31.1 per cent stake in it, valuing the cash-strapped firm at Rs 8,880 crore.
Bajaj Finserv: Bajaj Finserv reported a 41 per cent jump in its consolidated net profit at Rs 826 crore for the quarter ended June. The company had made a net profit of Rs 585 crore in the corresponding April-June quarter of 2017-18. Total income rose by 16 per cent to Rs 8,771 crore from Rs 7,536 crore in same period a year earlier, Bajaj Finserv (BFS) said in a release.