Reliance Industries Ltd on Friday named Anant M. Ambani, the youngest son of Chairman Mukesh Ambani, as a whole-time director of the company. Anant M. Ambani, a Brown University graduate, is the youngest whole-time director at Reliance Industries.The board, acting on the recommendation of the Human Resources, Nomination and Remuneration Committee, approved Anant Ambani’s appointment for a five-year term beginning May 1, 2025, subject to shareholder approval, the company said in a stock exchange filing.
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Closing Bell: Nifty above 24,300, Sensex gains 521 points; IT stocks rally
Reliance Industries Ltd on Friday named Anant M. Ambani, the youngest son of Chairman Mukesh Ambani, as a whole-time director of the company. Anant M. Ambani, a Brown University graduate, is the youngest whole-time director at Reliance Industries.The board, acting on the recommendation of the Human Resources, Nomination and Remuneration Committee, approved Anant Ambani’s appointment for a five-year term beginning May 1, 2025, subject to shareholder approval, the company said in a stock exchange filing.
Anant Ambani, who has served as a non-executive director on Reliance’s board, will now take on a more active executive role at India’s most valuable company. Anant Ambani also serves on the boards of several Reliance group companies, including Jio Platforms since March 2020, Reliance Retail Ventures since May 2022, and Reliance New Energy and Reliance New Solar Energy since June 2021. He has also been a board member of Reliance Foundation since September 2022.
Anant Ambani, who has a Bachelor’s degree from Brown University in the US, is also very passionate about animal welfare and is involved in several initiatives focused on rehabilitating at-risk animals and providing care and dignity in their later years.
Anant’s older siblings Akash and Isha Ambani, too, serve on the board of RIL as non-executive directors.
Akash is also the chairman of Reliance Jio Infocomm, the telecom and digital services arm of the group, and Isha is an executive director at Reliance Retail Ventures Ltd, the group’s retail arm.
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Sensex falls over 800 pts while Nifty lands at 24,683 with all sectoral indices ending in red
At closing, the Sensex was down 872.98 points or 1.06 percent at 81,186.44, and the Nifty was down 261.55 points or 1.05 percent at 24,683.90. About 1398 shares advanced, 2415 shares declined, and 127 shares unchanged.
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Taking Stock: Markets extend gains for 7th day; Nifty above 24,300, Sensex up 521 pts, led by IT stocks
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The company's subsidiary, NTPC Renewable Energy, has declared commercial operation of the third and final phase of its 60 MW capacity, part of the 150 MW Gujarat Solar PV project. With this, the total installed and commercial capacity of the NTPC Group has reached 80,155 MW.
Mahindra & Mahindra, Indian Hotels Company, Coforge, Bombay Dyeing & Manufacturing Company, Computer Age Management Services, CCL Products, Capri Global Capital, Cigniti Technologies, Ethos, Jammu & Kashmir Bank, Nureca, Unicommerce Esolutions, and Zee Media Corporation will release their quarterly earnings on May 5.
Sensex Today | Gainers and Losers on the BSE Sensex in the early trade:
Sensex Today | Gainers and Losers on the BSE Sensex in the early trade:
#1 Market gains for 3rd straight week, longest streak since December 2024
#2 Sensex, Nifty & Nifty Bank gain 1% each, Midcap index up 0.3%
#3 Oil & Gas is top gaining index led by Reliance Industries
#4 RIL is top Nifty gainer, rises 10% to record the best week in 5 years
In the last week, the benchmark indices continued their positive momentum. The Nifty ends 1.2 percent higher, while the Sensex was up by 1300 points. Among sectors, the Defense index outperformed, rallying over 6 percent, whereas the Media index shed 1.70 percent. During the week, the market comfortably traded above the 200-day SMA (Simple Moving Average). Technically, it has formed a bullish candle on weekly charts and is also holding an uptrend continuation formation on daily charts, which is largely positive.
We are of the view that 24,200/79900 would act as a sacrosanct support zone for trend-following traders. Above this level, the market could continue its positive momentum up to 24,600–24,800/81000-81700 . On the flip side, below 24,200/79900, the uptrend would become vulnerable. Falling below this level, the chances of hitting the 200-day SMA or 24,050/79500 would increase. Further downside may also continue, potentially dragging the index down to 23,900/79000.
For Bank Nifty, a lower top formation has formed on daily and intraday charts. For traders, 55,800 would be the immediate breakout level. Above this, it could move up to 56,100–56,500. However, a dismissal of 54,700 could accelerate selling pressure. Below this level, it could slip to 54,000–53,700.
Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
BSE Power Top Stock Losers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Torrent Power | 1,493.55 | -2.74 | 4.01k |
| JSW Energy | 471.25 | -1.64 | 108.40k |
| NTPC | 349.50 | -1.41 | 272.05k |
| Power Grid Corp | 304.40 | -0.73 | 72.71k |
| Adani Power | 528.85 | -0.58 | 426.70k |
| ABB India | 5,477.85 | -0.57 | 3.18k |
| CG Power | 623.25 | -0.54 | 27.79k |
| BHEL | 225.40 | -0.51 | 196.96k |
| Tata Power | 382.35 | -0.48 | 413.87k |
| NHPC | 85.15 | -0.44 | 438.82k |
Nifty traded within a narrow 100-point range in the last session
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Sensex Today | Gainers and Losers on the BSE Sensex in the early trade:
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BSE Consumer Durables Top Stock Losers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Blue Star | 1,673.60 | -1.83 | 5.15k |
| Voltas | 1,217.00 | -1.42 | 9.94k |
| Havells India | 1,583.15 | -1.18 | 3.98k |
| Supreme Ind | 3,497.80 | -1.14 | 869 |
| CG Consumer | 333.70 | -0.94 | 2.97k |
| Titan Company | 3,348.00 | -0.83 | 2.02k |
| Kalyan Jeweller | 514.65 | -0.4 | 41.08k |
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Sensex Today | Gainers and Losers on the BSE Sensex in the early trade:
Brokerage Call | Jefferies retains 'hold' rating on Havells, target price at Rs 1,800
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#2 50 percent of C&W growth was value-led
#3 Lloyd benefited from strong primary sales in Q4
#4 Caution warranted due to urban demand softness & commodity volatility
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#6 Stock trades at 60x FY26 PE, 30 percent above 10-year historical average
Results Today | Tata Consumer Products, , Astec Lifesciences, Bajaj Housing Finance, among others to announce earnings today
Tata Consumer Products, , Astec Lifesciences, Bajaj Housing Finance, 360 ONE WAM, Can Fin Homes, Dalmia Bharat, Den Networks, Gravity India, Rallis India, Supreme Petrochem, Syngene International, Thyrocare Technologies, Tamilnad Mercantile Bank, Tata Teleservices (Maharashtra), and Wendt (India) will release quarterly earnings on April 23.
