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During the quarter, Reliance Retail records highest ever footfall at 249 million across all formats. "Retail business delivered robust growth, with fast-paced store additions and steady growth in footfalls. The contribution of Digital and New Commerce initiatives is scaling up, delivering value to consumers and providing synergistic benefits to merchant partners," says RIL chairman Mukesh Ambani

Reliance Industries (RIL) has announced a dividend of INR 9 ($0.12) per share for the fiscal year ended March 31, 2023, subject to company approval, marking the first dividend for nearly a year. The conglomerate also reported Q1 net profit of INR 160.11bn ($2.14bn), down 11% YoY, and revenue of INR 211,000 crore, down 5% YoY.

The profit figure, however, is higher than the estimate of Rs 1200 crore. The company reports an EBITDA of Rs 6,975 crore for the April-June period, down 35% from Rs 10,741 crore in the same period last year

The Dow Jones Industrial Average rose 49.14 points, or 0.14%, at the open to 35,274.32.

Rekha Jhunjhunwala, the wife of deceased investor Rakesh Jhunjhunwala, has sold a further 6.2586% holding in Rallis India this week, taking her shares in the firm to 2.278% of all outstanding shares. Between July 2013 and July 20th of the current year, Jhunjunwala has sold over 37 million shares

Oil prices rose on Friday as evidence of tightening supplies and economic stimulus in slow-recovering China buoyed the market. Brent futures were up $1.02 at $80.66 a barrel, while US West Texas Intermediate crude climbed $1 to $76.65 a barrel. Commerzbank analysts said the "supply deficit that had been looming in the second half

Net interest income may zoom 35% YoY to Rs 6,337 crore, observe analysts. The private sector lender is set to report its first quarter earnings on Saturday

Now, it has to hold above 19700 zones to extend the move towards 19900 then 20000 zones, while on the downside, support is placed at 19650 and 19550 zones, said Chandan Taparia of Motilal Oswal.

​Herein this implies that the bearish reversal has occurred and one should sell when the price moves below 80 from the overbought zone. Primarily, this indicates that the price has become bearish and moving forward to the oversold territory.​

Several prominent companies, including ICICI Bank, L&T, Sun Pharma, ITC, JSW Steel, ICICI Lombard General Insurance, and United Spirits, reached new 52-week highs in the BSE large cap stocks on July 21. The data was sourced from BSE at 2 pm, and the updates from the real-time data could come with a lag. The mentioned companies showcased their strong market positions and resilience, with ICICI Bank reaching a new 52-week high of Rs. 1,001.20 and L&T touching a new 52-week high of Rs. 2,592.55.