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CAG's BSNL loss estimate from RJIL deal misinterpreted; rectified now: MoS Telecom
The government has rectified a revenue loss estimate concerning Reliance Jio. The Comptroller and Auditor General's initial calculation of a Rs 1,757 crore loss was based on a misunderstanding of an agreement clause. Bharat Sanchar Nigam Limited has now issued revised invoices to Reliance Jio Infocomm Limited. This action aims to recover potential losses and prevent future discrepancies.
Market correction a chance to rebalance portfolios, India may outperform from April: Quant MF
Sandeep Tandon, Founder & CIO of Quant Mutual Fund, says crude’s sharp spike may peak near $120–130 and remain elevated in the near term but is unlikely to sustain beyond a few months. He expects global markets to stay weak through 2026, while India could outperform from April after recent underperformance. Tandon advises investors to stay calm and use volatility to rebalance portfolios, adding selectively to sectors such aspharma, power, telecom, and select PSUs.
Watch | Sanjay Parekh on where he sees value in banks, IT, cement and telecom stocks
Sohum Asset Managers’ Founder & CIO, Sanjay Parekh, says markets look sluggish despite improving macro conditions, with Q3 Nifty earnings near 8–9%. He sees recovery in CVs (Ashok Leyland), credit growth at ICICI Bank and gradual picka a up in cement and steel. Portfolio stays domestic-focused: overweight telecom, NBFCs, industrials, cement, utilities, ports and logistics; underweight oil & gas and banks, zero FMCG. Watching IT names like Infosys and TCS, mid-cap tech (Persistent, Coforge, Mastek), defence HAL, quick commerce Zomato and Swiggy, and capital goods L&T, JSW Energy.
Closing Bell: Sensex, Nifty end flat amid volatility; pharma, oil & gas gain, media falls
Bharat Electronics, Adani Ports, Sun Pharma, Bharti Airtel, Maruti Suzuki were among major gainers on the Sensex, while losers were Power Grid Corporation, Trent, Bajaj Finserv, HDFC Bank and Eternal. Among sectors, auto, pharma, oil & gas, PSU Bank telecom, metal added 0.4-1%, while media index shed 0.7%. Nifty Midcap index rose 0.6%, while smallcap index ended flat.
Morgan Stanley bullish on Reliance Industries, flags AI capex as next capital allocation pivot; sees 28% upside
Morgan Stanley said Reliance Industries' plan to invest Rs 10 lakh crore over seven years in AI, digital infrastructure and related energy supply marks the next major shift in capital allocation. The scale of the proposed investments mirrors that of its earlier telecom and consumer push.
RIL shares rise 5% in three sessions ahead of AGM: Here are other triggers
The rally comes ahead of the company's AGM on June 19, where investors will be looking for updates on the group's telecom, retail, energy and new business initiatives
Taking Stock: Markets end in red amid volatility, but Nifty holds above 24,000
On the sectoral front, auto, FMCG, power, pharma, and telecom indices edged higher by around 0.5% each, while the realty index declined 1.4%, consumer durable down 1% and the private banking index slipped 0.5%.
Sensex Today | Stock Market Live: Sensex jumps 880 pts, Nifty above 24,250; all sectors rally
Sensex Today | Stock Market LIVE Updates: Maruti Suzuki, Adani Ports, Bajaj Auto, HUL, Tata Consumer were among major gainers on the Nifty, while losers were Kotak Mahindra Bank, Dr Reddy's Labs, ONGC, Eternal and Adani Enterprises. All the sectoral indices are trading in the green with auto, FMCG, realty, power, telecom up 1% each. Nifty Midcap and Smallcap indices up 0.7% each.
RDB infra shares extend rise to 2nd consecutive session, hit 5% upper circuit; check details
The company has presence in packaging, power and telecom transmission equipment, retail, logistics and real estate.
Reliance Industries stock jumps 2% after AGM; brokerages see up to 34 percent upside on AI, Jio IPO, new energy
Brokerages remained bullish on Reliance Industries shares following the AGM, highlighting multiple growth drivers across telecom, retail, energy and emerging businesses.
Taking Stock: Sensex, Nifty slip in volatile trade after RBI policy; banking stocks outperform
Among sectors, Media index gained 3.5%, while PSU Banks, Realty, Consumer Durables, and Healthcare rose 0.5% each. In contrast, Energy, IT, Metal, Oil & Gas, and Telecom indices declined between 0.5% and 1.5%.