Ripples Advisory, Market Live: Sensex rises over 200 points, Nifty above 10,700, RIL shares fall 1%
BSE Sensex gains over 200 points in the opening hours, while the Nifty 50 trades above 10,700. Here are the latest updates from the markets
Benchmark indices gained on Monday following positive global cues and as corporate earnings boosted investor sentiment. BSE Sensex rose over 200 points in the opening trade on Monday against the previous session’s closing. NSE’s Nifty rose past 10,700 in the morning hours. In Asia, Hong Kong shares traded higher, while markets Japan and China were closed for holidays. Here are the latest updates and developments from the markets:
RIL shares down 1% as Reliance Jio numbers disappoint investors
Shares of Reliance Industries Ltd fell 1% to Rs985. The company reported its highest ever quarterly net profit of Rs9,435 crore, beating Street estimates, for the quarter ended 31 March. Revenue at the energy-to-telecom conglomerate rose 39% year-on-year to Rs1.29 trillion, buoyed by a rise in petrochemical sales and increase in global crude prices leading to better realizations in refined products. For the full year, RIL’s net profit stood at Rs36,075 crore, up 20.6% from 2016-17.
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