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Indian multinational conglomerate
Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 88th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports.
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Indian private sector bank
ICICI Bank is an Indian multinational private bank and financial services company headquartered in Mumbai.It was established in 1955 at the initiative of the World Bank, the Government of India and representatives of Indian industry. It offers services to corporate and retail customers, and has subsidiaries for investment banking, life and non-life insurance, venture capital, and asset management.
More on Wikipedia ↗Indian stock market index
The NIFTY 50 is an Indian stock market index that represents the float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange (NSE). Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the NSE. The Nifty 50 index was launched on 22 April 1996 with a base date of 3 November 1995 and with 1,000 as its base value.
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Nifty added 0.44 per cent during the week and gained 1.30 per cent on the last trading day to reach 22,520.
Markets will watch Indian inflation data, US economic releases, corporate earnings, crude prices and rupee movements for direction next week. IT results from HCL Technologies, Wipro and Tech Mahindra may shape sector sentiment, while high US yields and persistent FII selling could weigh on equities.