Stocks in news: Reliance Industries, Jio Platforms, M&M, CDSL, ITC, NTPC, IOCL and Hero MotoCorp
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian equity benchmarks closed higher on Friday, as the Nifty 50 rose 116 points.
- ✓Reliance Industries and Jio Platforms reported strong profit growth, keeping them in focus for Monday, November 2.
- ✓"The short-term outlook for the Nifty remains positive as long as the index sustains above 22,800," said Vatsal Bhuva.
Story at a Glance
- Category
- MARKET
- Reported By
- The Economic Times
- Reading Speed
- 10 Minute(s)
- Market Focus
- India Economy
Synopsis
Indian equity benchmarks closed higher on Friday, with significant gains recorded in the Nifty 50 and BSE Sensex. Several major companies, including Reliance Industries and Jio Platforms, published positive quarterly earnings results. Reliance Industries saw a 41% increase in net profit, supported by strong performances in various sectors. Other companies like Sun Pharma and Indian Oil Corporation also reported significant changes in their net profits.
Indian equity benchmarks ended higher on Friday, with the Nifty 50 and BSE Sensex posting modest gains. The Nifty 50 rose 116 points, or 0.51%, to close at 23,053. From a technical perspective, the short-term outlook for the Nifty remains positive as long as the index sustains above 22,800, said Vatsal Bhuva, Technical Analyst at LKP Securities.
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The Economic Times
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