Reliance Industries shares get an upgrade after correction; consensus sees 30% upside

Due to this 27% correction from the peak, Kotak Institutional Equities finds risk-reward to be more favourable or Reliance Industries.

Due to this 27% correction from the peak, Kotak Institutional Equities finds risk-reward to be more favourable or Reliance Industries.

Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 22,337.30, while Sensex ended at 73,730.23.

Shares in Japan and South Korea rose alongside Hong Kong equity-index futures. The S&P 500 ended Wednesday 1.1% higher, while the tech-heavy Nasdaq 100 climbed 1.4%. A gauge of US-listed Chinese companies rose 6.4%, its biggest jump in three months.

Treasuries saw small losses in a stark contrast to the plunge in their European counterparts. German bunds tumbled the most since 1990. The dollar fell 1%. Oil sank to the lowest in about six months.

Acknowledging the credit rating downgrades by CARE and ICRA, the firm said that it has happened due to a short-term liquidity mismatch which is improving by way of customer payments. The firm denied involvement in “falsification claims” and said it…

Shares of Hindustan Zinc Ltd ended at ₹411.35, up by ₹15.95, or 4.03%, on the BSE.

The collaboration will enable both companies to expose their APIs in each other’s marketplaces. Shares of Route Mobile Ltd ended at ₹1,001, up by ₹16.30, or 1.66%, on the BSE.

The funds will be raised through a mix of loans, redeemable non-convertible debentures, zero-coupon bonds and subordinate debt, among others. Shares of LIC Housing Finance Ltd ended at ₹521.20, up by ₹17.60, or 3.49%, on the BSE.

The project involves improving water supply infrastructure under the Vada Chennai Valarchi Thittam initiative in Tamil Nadu. Shares of RPP Infra Projects Ltd ended at ₹131, up by ₹6.20, or 4.97%, on the BSE.

Stocks to watch, TCS, LIC Housing Finance, Wipro, Zydus Lifesciences, RPP Infra Projects, Galaxy Surfactants and more, these are the stocks to watch for today.