Opposing stiff competition from Reliance Jio, the company reported increase of 1.9 per cent YoY in customer base at the end of FY20 as well as average revenue per user of Rs 154 which is still one of the highest in the industry.

Reliance Industries has made an announcement today of yet another investment it has received in its Jio platforms. Mubadala Investment Company, an Abu Dhabi-based sovereign investor, is set to invest Rs 9,093.60 crore in the company which will reflect a 1.85 per cent equity stake in Jio Platforms on a fully diluted basis.

The stock of Berger Paints India Limited has formed a bearish engulfing candlestick pattern on the daily timeframe. This pattern is considered to be a bearish reversal pattern and usually occurs at the top of an uptrend.

The high of the shooting star candle is likely to act as a big hurdle for the bulls on the upside. On the downside, the level of 9,944 is likely to act as an immediate support and breach of this support could result into a further downside towards the levels of 9,824-9,800 mark. Stocks in news: Reliance Industries, Power Grid, Wipro, HCL Technologies, RITES, Lupin.

The global markets have been edgy ahead of the release of the closely-monitored US jobs report for May later today. SGX Nifty at 7:50 am was trading at 10,038.50 up by 14 points suggests that Indian markets are likely to open on a flat note.

On Thursday, auto manufacturer Ashok Leyland announced the launch of its range of modular trucks, AVTR with i-Gen6 BS-VI technology. The AVTR line-up is India's first modular truck platform in the CV industry offering various options of axle configurations, loading spans, suspensions, cabins and drivetrains on a single platform for the entire range of rigid trucks, tractors and tippers in the 18.5T to 55T category.

Tata Coffee Limited has announced that since the lockdown situation is now being relaxed, its operations have restarted at full capacity in their instant coffee plants in India as well as other locations, including at the plantations. The harvesting of coffee and pepper has been completed while the hulling of coffee is still in progress.

While putting an end to their gaining streak, domestic benchmark indices such as Nifty dropped by 32.45 points or 0.32 per cent to settle at the level of 10,029.10, whereas Sensex closed down by 128.84 points or 0.38 per cent at 33,980.70, in today's trading session.

Madhav Infra Projects' most recent market value was reflected at Rs 154 crore while the value of the order it received is almost double that, giving a positive boost to the investor sentiments in the current fiscal year.

The Board of directors of Chennai Petroleum Corporation Limited (CPCL) has proposed the implementation of the 9 MMTPA Refinery Project at Cauvery Basin Refinery, Nagapattinam district, to the Board of Indian Oil Corporation Limited (IOCL). CPCL plans to do this through a joint venture, at an anticipated cost of Rs 28,983 crore.