Reliance AGM 2021 LIVE Updates | Reliance Industries Virtual AGM At 2 Pm Today
RIL AGM LIVE Updates: The 44th AGM report will also be available on the company website www.ril.com
Check out the latest on novel coronavirus, its looming third wave and vaccine administration
Buzzing Stocks: RIL, ONGC, Orchid Pharma And Other Stocks In News Today
Check out the companies making the biggest headlines before the opening bell.
Kumar Bhansali, Head of Treasury - Finrex Treasury Advisors: Dollar-Rupee is moving in a range of 74.00 to 74.50 with flows on upside bringing it down but buyers like oil companies are taking it up and not allowing a fall below 74. The strength in the dollar after a hawkish FED is imminent despite the damage control by Powell in his testimony.
Exporters may sell near 74.40 for the day while importers may buy near to 74.05 in a range of 74.00 to 74.50. Equities have also not been able to consolidate the gains of the last one year and are unable to rise beyond a certain level.
ONGC Q4 profit likely to see significant growth, realisation to be strong
Oil and Natural Gas Corporation (ONGC) is expected to report around 80 percent sequential growth in profit for the quarter ended March 2021 with a strong realisation on higher crude oil prices.
"We expect 18.2 percent sequential increase in earnings before interest, tax, depreciation and amortisation (EBITDA) led by higher crude realisation at $59 per barrel (up $16 per barrel QoQ), and higher price of value-added products, which will be partly offset by an increase in other expenses; gas price was steady QoQ," said Kotak Institutional Equities, which sees an 80.8 percent QoQ growth in profit, and 23 percent rise in revenue.
Market at open: Sensex is up 152.78 points or 0.29% at 52458.86, and the Nifty added 38.20 points or 0.24% at 15725.20.
ICICIdirect on market: Indian markets are likely to open gap up on the back of mixed global cues as Coronavirus cases continue to fall in India raising prospect of a swifter normalisation of economy. Domestic markets ended lower tracking losses mainly in metals, IT and BFSI stocks.
Investors meeting schedule
Oil climbs as draw in US crude stocks boosts optimism about demand
Oil prices climbed on June 24 after a sharp drawdown in United States crude and gasoline stocks reinforced optimism of a quick recovery in fuel demand and on doubts about the future of the 2015 Iran nuclear deal that could end U.S. sanctions on Iranian crude exports. Brent crude futures rose 9 cents, or 0.1%, to $75.28 a barrel by 0103 GMT, after increasing 0.5% on Wednesday.
Hornbill Orchid India picks up 2% stake in Nureca, Heineken buys 14.99% stake in United Breweries
Hornbill Orchid India Fund, a Mauritius-based hedge fund, acquired 1.95 percent equity stake in Nureca, a home healthcare and wellness products seller, on June 23. Hornbill Orchid India Fund bought 1,95,766 equity shares in Nureca at Rs 1,549.97 per share on the BSE, the bulk deals data showed.
Heineken International B V acquired 3,96,44,346 equity shares in Vijay Mallya-owned United Breweries (or 14.99 percent of total paid up equity) at Rs 1,471.25 per share. Recovery Officer I DRT II (Debt Recovery Tribunal) was the seller for same shares in a deal on the BSE. The transaction was worth Rs 5,832.67 crore.
Cryptocurrency Prices Today: Bitcoin, Ethereum tumble; Dogecoin in green
Cryptocurrency prices of most of the coins continue to be in the red on June 24. The global cryptocurrency market cap is $1.32 trillion, a 1.9 percent decrease over the last day, while the total crypto market volume over the last 24 hours is $93.69 billion, which makes a 37.09 percent decrease.
The volume of all stable coins is now $74.89 billion – 79.93 percent of the total crypto market 24-hour volume. Bitcoin's price is currently $35,325.09 and its dominance is currently 46.62 percent, a decrease of 0.71 percent over the day. Read more
Market Live Updates: Indices edge higher led by IT & metals ; RIL AGM in focus - Moneycontrol.com
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