Reliance Industries share price dropped 0.7 percent amid AGM

The Markets Today in a nutshell

• Domestic benchmark indices nosedived mirroring the sharp decline in US markets.
• Hawkish commentary from US Federal Reserve chairman Jerome Powell spooked investors. The unfavorable movement in the currency market also did not help. The market was also nervous due to some of the key events that were lined up like the RIL AGM.

Capital Flows

News you could use

?Reliance Industries share price dropped 0.7 percent amid AGM
Reliance Industries Ltd (RIL) will invest ₹75,000 crore in the next five years to expand petrochemical capacity. Further, Reliance Jio has earmarked ₹2 lakh crore investment for 5G network and plans to launch the high-speed services in key cities by Diwali. 

?Adani Transmission entered in top 10 valued companies in India
The company entered into the top 10 most valued Indian listed firms after its shares rallied over 120 percent so far this year. This is the second Adani Group firm after Adani Green Energy, which achieved this milestone. Adani Green Energy, however, erased some of its gains and now ranks 15th listed firm in India.

?L&T Technology Services bags multi-million dollar deal from BMW
The company won a five-year, multi-million-dollar deal from European luxury vehicle maker BMW Group to provide high-end engineering services for the company’s suite of infotainment consoles targeted for its family of hybrid vehicles.

News from the IPO world?

• Tamilnad Mercantile Bank IPO opens for subscription on September 5.
• Sysma SGS Technology closes 42% higher on debut despite market volatility.
• Prasol Chemicals gets SEBI’s nod to raise Rs. 800 crore via IPO.

Numbers? that matter