In intraday trade, BSE Sensex surged 288 points to a fresh record high of 37,272.86, while the Nifty 50 rose 65.45 points to a new high of 11,237.45. Here
are the latest updates from the markets

Benchmark indices BSE Sensex and NSE’s Nifty 50 soared to fresh record highs on Friday as first-quarter earnings boosted investor sentiment amid mixed global cues. In intraday trade, BSE Sensex surged 288 points to a fresh record high of 37,272.86, while the Nifty 50 rose 65.45 points to a new high of 11,237.45. The Indian rupee strengthened for third sessions against US dollar tracking gains in local equities and Asian currencies. Asian stocks traded mixed following Wall Street as the worsening Sino-US trade dispute kept investors in the region cautious, despite signs of rapprochement between US and Europe. Oil prices extended their recovery, after Saudi Arabia suspended oil shipments through a strait in the Red Sea following an attack on two oil tankers.

9.55 am IST
RIL Q1 results today: Key things to watch out for  Reliance Industries is likely to report an increase in its June quarter profit led by stronger petrochemical margins, offsetting weaker refining margins. RIL shares traded 0.59% up at Rs 1,116.90.

9.25 am IST
Hindalco shares surge 6% on Aleris acquisition Hindalco Industries Ltd shares rose 6% to Rs 218.65 after the company said it has agreed to buy US aluminium sheet maker Aleris Corp. at an enterprise value of $2.58 billion to create the world’s second-largest aluminium maker.

9.43 am IST

Dr Reddy’s shares down 2% as AstraZeneca files suit against company   Dr Reddy’s Laboratories Ltd shares fell 2.4% to Rs 2,083.10.   AstraZeneca Plc has
filed a lawsuit in the Delhi High Court relating to infringement of three patents on generic version of heart disease drug Brilinta, Dr. Reddy’s says in an
exchange filing. Moreover, Dr. Reddy’s Labs net profit came in at Rs 476 crore ($69.31 million) in the quarter ended June 30, compared with Rs 66.6 crore a year earlier.

source: livemint.com