INSUBCONTINENT EXCLUSIVE:
Reliance Industries has gained over 1% after it signed a pact with Abu Dhabi National Oil CompanyThe benchmark indices are firm in noon
trading on the back of gains in index bellweather Reliance Industries and information technology stocks such as Infosys and TCS
The broader markets are also trading firm, with the BSE Midcap index and BSE Smallcap index adding 0.3 per cent and 0.7 per cent
respectively.In the currency market, the rupee has depreciated 5 paise to 74.28 against the US dollar in early trading as the firm American
currency and rising crude oil prices weighed on investor sentiment
At the interbank foreign exchange, the rupee opened at 74.23 against the dollar and thereafter slid to 74.28, registering a fall of 5 paise
1,591 as the IT services giant is in the midst of a Rs 9,200 crore share buyback, which started on June 25.Tech Mahindra and TCS have also
gained around a per cent each on the BSE.Reliance Industries has gained over a per cent on the BSE after it signed a pact with Abu Dhabi
National Oil Company to jointly build a petrochemical facility in Ruwais, Abu Dhabi
The facility will manufacture chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC).Kotak Mahindra Bank, Tata Steel and Maruti
Suzuki are the other significant gainers among Sensex stocks.On the flipside, Power Grid, ICICI Bank and Hindustan Unilever are the laggards
on the BSE, losing upto a per cent eaach.And Indian Railway Catering and Tourism Corporation (IRCTC) shed around a per cent on the BSE after
the company reported a 23 per cent decline in net profit in the March 2021 quarter on the back of muted demand for rail travel amid the
