Reliance Industries Ltd is up for a third straight session in a row. The stock is quoting at Rs 1323.95, up 1.13% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.63% on the day, quoting at 24428.3. The Sensex is at 80776.82, up 0.66%. Reliance Industries Ltd has added around 1.67% in last one month. Meanwhile, Nifty Energy index of which Reliance Industries Ltd is a constituent, has added around 1.68% in last one month and is currently quoting at 37594.4, up 0.96% on the day. The volume in the stock stood at 95.04 lakh shares today, compared to the daily average of 152 lakh shares in last one month. The benchmark December futures contract for the stock is quoting at Rs 1328.6, up 0.88% on the day. Reliance Industries Ltd is up 9.41% in last one year as compared to a 18.09% gain in NIFTY and a 25.14% gain in the Nifty Energy index.The PE of the stock is 48.48 based on TTM earnings ending September 24.Powered by Capital Market - Live

The Nifty November 2024 futures closed at 24,429, a premium of 152.95 points compared with the Nifty's closing 24,276.05 in the cash market. In the cash market, the Nifty 50 jumped 144.95 points or 0.60% to 24,276.05. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 1.90% to 14.70. Reliance Industries, Dixon Technologies (India) and HDFC Bank were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 26 December 2024. Powered by Capital Market - Live

The Nifty December 2024 futures closed at 24,318.25, a premium of 187.15 points compared with the Nifty's closing 24,131.10 in the cash market. In the cash market, the Nifty 50 added 216.95 points or 0.91% to 24,131.10. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 5.12% to 14.43. Reliance Industries, Bharti Airtel and HDFC Bank were the top traded individual stock futures contracts in F&O segment of the NSE. The November 2024 F&O contracts will expire on 26 December 2024. Powered by Capital Market - Live

Wavetech Helium, Inc. (WHI) was incorporated on 2 July 2021 in United States and started its commercial operations in CY 2024. WHI is a U.S. helium gas exploration and production company engaged in the acquisition, exploration, and development of properties to produce helium gas from underground reservoirs. Helium is used in medical applications, scientific research, aerospace and aeronautics, electronics, fibre optics etc. Further, given the growth expected in AI & Datacentres, helium demand for semiconductor manufacturing is expected to increase. This acquisition is part of the company's strategy to expand its exploration and production business in low carbon solutions. The investment is not a related party transaction, does not involve any of Reliance's promoters or other group companies. Additionally, no governmental or regulatory approvals were required for the deal. Reliance Industries (RIL) is India's largest private sector company. Its activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, renewables (solar and hydrogen), retail and digital services. RIL had reported 3.6% fall in consolidated net profit to Rs 19,101 crore in Q2 FY25 from Rs 19,820 crore in Q2 FY24. Gross revenue rose by 0.8% year-over-year to Rs 258,027 crore in the second quarter. The scrip rose 0.67% to Rs 1,279.85 on the BSE.Powered by Capital Market - Live

Stocks to watch: Reliance Industries' subsidiary, Reliance Finance and Investments USA LLC (RFIUL) entered into stock purchase agreement with Wavetech Helium, Inc. (WHI) and subscribed to 21% stake of WHI for an aggregate consideration of $12 million. Fine Organic Industries shall resume its Badlapur plant operations from 28 November 2024 and is actively working on fully restoring all other plant activities to normalcy. Nuvoco Vistas Corp The company incorporated its wholly owned subsidiary in the name of Vanya Corp. to carry on the business of manufacturing cementitious products. PC Jeweller India's board has set 16 December 2024 as the record date for the 10:1 share split. KEI Industries raised Rs 2,000 crore through the allocation of 52,163,157 equity shares to 104 qualified institutional buyers at an issue price of Rs 3,800 per share, which is at a discount of 2.07% to the floor price of Rs 3880.54 per share. Adani Power has achieved a score of 67 out of 100 in the corporate sustainability assessment by S& P Global for fiscal 2024. IIFL Finance's subsidiary, IIFL Home Finance (IFC) has filed tranche I prospectus to raise funds upto Rs 100 crore through NCDs, with the option to retain oversubscription of upto Rs 400 crore. Zomato has closed its qualified institutional Placement (QIP) issue and raised Rs 8,500 crore through the allocation of 33.64 crore equity shares at a price of Rs 252.62 per share, which is at a 5% discount to the floor price of Rs 265.91 per share.Powered by Capital Market - Live

The Nifty November 2024 futures closed at 23,912.55, a discount of 1.6 points compared with the Nifty's closing 23,914.15 in the cash market. In the cash market, the Nifty 50 dropped 360.75 points or 1.49% to 23,914.15. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 3.96% to 15.21. Reliance Industries, Tata Motors and State Bank of India were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024.Powered by Capital Market - Live

The Nifty November 2024 futures closed at 23,900.20, a discount of 7.05 points compared with the Nifty's closing 23,907.25 in the cash market. In the cash market, the Nifty 50 surged 557.35 points or 2.39% to 23,907.25. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, rose 0.67% to 16.10. Reliance Industries, State Bank of India and Adani Ports and Special Economic Zone were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live

The Nifty November 2024 futures closed at 23,513.15, a premium of 59.35 points compared with the Nifty's closing 23,453.80 in the cash market. In the cash market, the Nifty 50 lost 78.90 points or 0.34% to 23,453.80. The NSE's India VIX, a gauge of market's expectation of volatility over the near term, advanced 2.65% to 15.17. Reliance Industries, National Aluminium Company and Tata Motors were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live

Reliance Industries (RIL), Viacom 18 Media'(Viacom18) and The Walt Disney Company (NYSE:DIS) (Disney) today announced that following the approval by the Hon'ble NCLT Mumbai, Competition Commission of India and other regulatory authorities, the merger of the media and JioCinema businesses of Viacom18 into Star India (SIPL) has become effective (the JV). In addition, RIL has invested'Rs 11,500 crore (~US$ 1.4 billion) into the JV for its growth. The JV has allotted shares to Viacom18 and RIL as consideration for the assets and cash, respectively. The transaction values the JV at'Rs 70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding synergies. At the closing of the transactions noted above, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney. Nita M. Ambani will be the Chairperson of the JV, with Uday Shankar as Vice Chairperson providing strategic guidance to the JV. The JV will be one of the largest Media & Entertainment companies in India with pro forma combined revenue of approximately'Rs 26,000 crore (~US$ 3.1 billion) for the fiscal year ended in March 2024. The JV operates over 100 TV channels and produces 30,000+ hours of TV entertainment content annually. The JioCinema and Hotstar digital platforms have an aggregate subscription base of over 50 million. The JV holds a portfolio of sports rights across cricket, football and other sports. In a separate transaction, RIL has bought out Paramount Global's entire stake of 13.01% in Viacom18 for ₹ 4,286 crore. As a result, Viacom18 is owned 70.49% by RIL, 13.54% by Network18 Media & Investments Ltd. and 15.97% by Bodhi Tree Systems, on a fully-diluted basis. Powered by Capital Market - Live

The Nifty November 2024 futures closed at 23,621.40, a premium of 88.7 points compared with the Nifty's closing 23,532.70 in the cash market. In the cash market, the Nifty 50 lost 26.35 points or 0.11% to 23,532.70. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, declined 4.27% to 14.78. Reliance Industries, HDFC Bank and Hindustan Aeronautics and were the top traded individual stock futures contracts in F&O segment of NSE. The November 2024 F&O contracts will expire on 28 November 2024. Powered by Capital Market - Live