RIL’s statement on ZEEL-INVESCO dispute
Reliance regrets being named in the ZEE-INVESCO controversy. Confirmed the deal with Puneet Goenka and the promoter family through INVESCO, said – had made a reasonable offer for the merger, but the talks did not proceed due to the increasing dispute between INVESCO and ZEE management.
Best results of WIPRO
Wipro has also produced better Q2 results than expected. doller revenue has increased by about 7%. Margins are flat. At the same time, Mindtree has also had better results than expected. Profit growth of more than 16%. doller revenue has increased by 12.75%.
HCL TECH, CYIENT, IBULL REAL Result Today
HCL TECH 2nd quarter results will be out today. Dollar revenue is expected to grow by 4%. Cyient and Indiabulls Real will also announce the results today.
Expiry possible between 18200-18300: Poll
The market will keep an eye on the weekly expiry of Nifty and Nifty Bank today. According to 70 percent experts in Awaaz Traders Poll, the EXPIRE of Nifty can be between 18200 to 18300.
INFOSYS produced good results
IT giant INFOSYS posted better than anticipated results in the second quarter. Dollar Revenue is up about 6%. Profits have seen an increase of more than 4%. The company has also increased the revenue growth guidance to 17.5% for FY22.
Gold has risen on the back of a softening in dollar and bond yields. COMEX GOLD reached near $1800. Reports of a reduction in Fed bond purchases from November or December also supported.
Strength in Asia, SGX NIFTY and DOW FUTURES
Indications from the global market are looking positive. Asia has got off to a strong start. SGX NIFTY is seeing a gain of half percent. DOW FUTURES is also trading above 100 points. However, the US markets closed mixed yesterday.