RELIANCE.NSE

Reliance Industries Ltd.

Reliance Industries Ltd. announced a significant partnership with Google to boost AI adoption in India, offering eligible Jio users free access to Google's AI Pro plan for 18 months. Reliance Intelligence is now a strategic partner for Google Cloud in India, aiming to enhance AI infrastructure and drive enterprise AI adoption.

India’s equity benchmarks are poised to open higher on Friday and close October with strong gains, buoyed by optimism over corporate earnings, foreign inflows and easing global trade tensions. Gift Nifty futures were trading at 26,064.5 points as of 7:37 a.m. IST, indicating that the benchmark Nifty 50 above Thursday’s close of 25,877.85. Nifty and Sensex lost about 0.7% each in the last session after Federal Reserve Chair Jerome Powell cast doubts on a December rate cut following this week’s 25-basis-points reduction, while caution over a U.S.-China trade deal weighed on other Asian markets. Despite the drop, the Nifty and Sensex have gained about 5.2% each in October - eyeing their best month since March - and are trading nearly 1.5% and 1.8%, respectively, below their all-time highs hit in September 2024. Foreign investors have bought Indian shares worth $1.94 billion in October, after three consecutive months of selling, securities depository data showed. Meanwhile, Asian markets were mixed, with MSCI’s broadest index for Asia-Pacific stocks outside Japan trading flat. “Across Asia, the market tone is largely uneven, with investors treading cautiously ahead of the weekend,” said Ponmudi R, CEO of Enrich Money.

In this briefing: NMDC Limited — Deep-Value Core of India’s Iron Ore Chain NIFTY Bank Index: Methodology Changes to Result in Big Flows Reliance Industries Q2FY26: Are New Energy and AI the Next Engines of Value Creation? Midwest Ltd — Granite Roots, Quartz Future Lenskart IPO: Fashioning Vision or Pricing Perfection? 1. NMDC Limited — Deep-Value Core of India’s Iron Ore Chain Strong recovery: Q2 FY26 volumes up 23% YoY; margins steady at 38%, confirming operational strength. Growth visibility: Expansion, slurry pipeline, and pellet plants drive FY26–27 capacity growth. Deep-Value play: Trades at 10× P/E, 5× EV/EBITDA—half peer valuations, 5% dividend yield. 2. NIFTY Bank Index: Methodology Changes to Result in Big Flows In May, SEBI recommended changes to the minimum number of constituents for non-benchmark indices and the capping for those indices. Then came the market consultation in August. SEBI has now confirmed the changes along with the timeline for capping changes to the largest stocks in the index.

MUMBAI, Oct 30: Equity markets fell sharply on Thursday, with the Sensex tumbling 592.67 points and the Nifty declining to 25,877.85 level, as fresh foreign fund outflows and uncertainty on the future course of rate action by the US Federal Reserve dampened investors’ sentiment. The 30-share BSE Sensex tanked 592.67 points or 0.70 per cent to settle at 84,404.46. During the day, it dropped 684.48 points or 0.80 per cent to 84,312.65. A total of 2,291 stocks declined while 1,876 advanced and 155 remained unchanged on the BSE. The 50-share NSE Nifty tumbled 176.05 points or 0.68 per cent to 25,877.85. From the Sensex firms, Bharti Airtel, Power Grid, Tech Mahindra, Infosys, Bajaj Finance and Reliance Industries were among the major laggards. However, Larsen & Toubro, Bharat Electronics, UltraTech Cement and Maruti were among the gainers. “Equity benchmarks slipped on Thursday as cautious commentary from the US Federal Reserve and renewed foreign fund outflows weighed on sentiment. The Fed’s 25 bps rate cut was in line with expectations, but Chair Jerome Powell’s indication of a pause in further easing dampened risk appetite, especially amid the ongoing US government shutdown,” Gaurav Garg, Research Analyst, Lemonn Markets Desk, said.