Domestic stock markets soared higher on the weekly futures & options expiry session on Thursday. S&P BSE Sensex rallied 515 points or 0.88% to settle at 59,332 while the NSE Nifty 50 index jumped for the fourth consecutive session to end at 17,659. India VIX has meanwhile, tanked 6% to sit just above 18 levels. …
A look at Reliance Industries’ (RIL’s) FY22 annual report provides insights into the way the company’s character has transformed over the past 3-4 years. The fiscal saw record profitability and margins for RIL’s consolidated operations, with growing scale of the consumer businesses complemented by recovery in ‘oil to chemicals’ (OTC) margins as well. However, substantially …