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The net profit was below the ET Now poll of Rs 15,990 crore, and the revenue was a tad above the estimated Rs 2.18 lakh crore.

The Dow Jones Industrial Average rose 28.90 points, or 0.09%, at the open to 33,073.46

The overall weakness in the market and caution ahead of earnings pulled down the stock in trade on Friday. The stock ended 1.2% down at Rs 2,442.65 on the National Stock Exchange.

RIL plans to invest Rs 75,000 crore in its oil-to-chemicals business over the next three years to expand capacities in both existing and new value chains

In terms of geographies, North America grew 19.6% year on year while Europe just reported 0.2% growth. The company said Europe’s underperformance was largely due to currency impact seen previously and, going forward, the market is expected to be on a “good growth trajectory” due the strong deal wins this quarter.

"The Union Budget is likely to largely continue with the growth impetus that the last couple of Budgets have laid, by focusing on ‘quality’ expenditure and increase in CAPEX outlays, while also providing the necessary support and environment to promote domestic manufacturing"

Operating profit rose 25% on year to Rs 4,773 crore, and was also a highest-ever for the company

Sequentially, the profit rose nearly 3% while revenue declined 13.3%. The telecom major saw network operating expenses rise by nearly 16% YoY to Rs 7,227 crore.

These bonds were written off by the Reserve Bank of India (RBI) and a Yes Bank administrator on March 13, 2020, as part of a restructuring plan to rescue the bank.

Indicators like the RSI and MACD are weakening and trading sideways, indicating that the current weakness will persist unless there is a sharp move on either side. Options data suggests a trading range between 17800-18350 zones, while an immediate trading range between 17900-18200 zones.