Sensex off day’s low, Nifty above 10,200; RIL crosses Rs 900 level

Epic Update Reliance IndustriesEpic Update Reliance Industries

The 30-share BSE Sensex was down 40.25 points at 32,568.91 and the 50-share NSE Nifty fell 24.20 points to 10,210.30, dragged by banks.

On last Friday, Reliance Industries reported net profit of Rs 8,097 crore for September quarter (up 12.8 percent YoY) on revenue of Rs 101,169 crore (up 24 percent YoY). Its gross refining margins came at USD 12 per barrel against street expectations of USD 12.5 a barrel, which outperformed benchmark Singapore Complex margins by USD 3.7 per barrel.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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