RIL-Viacom18-Disney JV to add Rs 40 per share to Reliance’s value, says Jefferies
Reliance Industries shares gained up to 1.7% to Rs 2,958 in intraday trades before settling at Rs 2,930 (up 0.72%) on Thursday. On Wednesday, the company informed the exchanges that it had signed an $8.5 billion deal to form a joint venture with Disney to combine their media businesses. The benchmark Sensex and Nifty were up to 0.27% and 0.14%, respectively, on Thursday. While RIL’s shares reacted positively to the developments, other media companies from the group witnessed a decline in share prices.
The share price of Network18 Media and Investments and TV18 Broadcast fell 5% each. The shares of other media and entertainment companies also recorded declines, including Balaji Telefilms (down 5.4%), Eros International Media (down 4.3%), Saregama India (down 2%), NDTV (down…
Walgreens Woes Continue With Plans to Shutter More Stores
Walgreens shares tumbled early Thursday after the drugstore chain signaled that more store closings are on the way, missed earnings expectations for its third quarter and cut its annual forecast.
The company said it was finishing a multiyear plan to shutter some underperforming U.S. stores, but it didn’t detail how many were targeted.
Walgreens and major competitors like CVS and Rite Aid — which is going through a bankruptcy reorganization — have already closed hundreds of stores over the past few years. The companies have dealt with challenges that include years of tight reimbursement for their prescriptions and rising costs for running their locations.
Plus, analysts say they’ve also been hit by growing competition from Walmart, Amazon and other discount reta…
Will Nifty continue volatility or move higher- See GIFT Nifty, FII data, F&O, crude, more before market opens_1
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Wednesday. Here is all you need to know before the market opens.
GIFT Nifty traded down 128 points or 0.57% at 22,480.00 indicating a weak opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 dropped 8.70 points or 0.04% to settle at 22,453.30, while the BSE Sensex pulled back 110.64 points or 0.15% to finish at 73,903.91.
Key things to know before share market opens on April 03, 2024
Wall Street
The stocks on Wall Street ended on a lower note as traders lowered expectations of rate cuts and high bond yields. The Dow Jones Industrial Averag…
Stock Market Highlight- Markets end lower! Nifty above 24,500, Sensex down 80 points dragged by Reliance and Kotak Bank
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark equity indices closed the trading session on a lower note on July 22. The BSE Sensex fell 79.23 points or 0.10% to finish the day’s trading at 80,525.22, while the NSE Nifty 50 closed 15.25 points or 0.06% lower at 24,55.65. Bank Nifty closed in the green, 63 points or 0.12% higher at 52,328.60. Similarly, Nifty Midcap 100 closed 707.50 points or 1.27% higher at 56,615.80.
Share Mar…
Stocks To Watch- Accenture, Religare Enterprises, JM Financial, Piramal Enterprises, Tata Communications
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded flat as the index was up 34.50 points or 0.15% at 23,627.50 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 gained 51 points or 0.22% to settle at 23,567, while the BSE Sensex rose 141 points or 0.18% to close at 77,479.
Stocks to watch on June 21, 2024
Accenture
Accenture has once again cut its revenue forecast for FY24 as clients continue to reduce spending on consulting services due to economic uncertainties. Accenture�…
Trent, BEL may see $900-Million inflow on potential Nifty inclusion
Trent and Bharat Electronics (BEL) can attract inflows of around $900 million if they enter the Nifty 50 index in the September review. The changes will be announced on August 23 and the adjustments will take effect on September 30.
The two stocks will replace LTIMindtree and Divi’s Laboratories, according to Sriram Velayudhan, senior vice president – alternative research at IIFL Institutional Equities.
Trent can see inflows of around $470 million and BEL around $410 million, according to the brokerage.
Stocks To watch- HDFC Bank, Adani Green, L&T Technology, IREDA, GMR Airports, RVNL, PNC Infratech
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded down by 186 points or 0.84% at 21,840 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously, on Tuesday, the NSE Nifty 50 dropped 65.15 points or 0.29% to settle at 22,032.30, while the BSE Sensex lower higher by 199.17 points or 0.27% to 73,128.77.
“The Nifty index experienced a day of mixed market dynamics, with bulls dominating the first half and bears taking control in the second half. For a sustained upward movement towards 22300 levels, the index needs to decisively break above the 22150 mark. On the …