High-frequency trading firms – or algo firms in market lingo – use complex algorithms and powerful computers to execute trades at lightning speeds and pocket a gain in milliseconds at times

Reliance Infrastructure and Reliance Power, two companies under the Anil Ambani group, are raising ₹1,043 crore from Reliance Commercial Finance, a subsidiary of Authum Investment & Infrastructure. Reliance Commercial will hold 11% equity in Reliance Infrastructure and 2% in Reliance Power after the transaction.

They like playing in derivatives, F&O that gives them the bang for the buck. They are levered on that. I think we need smart anchors like you guys to help them there. That is the only thing I will say.

"I find a strong logic in buying an NTPC or a Tata Power. NTPC being the largest power utility in the country, they have pivoted very well from traditional energy to becoming a green energy power generator. They have fantastic back-end and front-end integration. And the performance has been consistently improving. The price also has moved up."

A small negative candle was formed on the daily chart with a minor upper shadow. Technically, this indicates a range-bound movement in the market at the highs

A division bench of the court had on August 2 told the lenders not to declare the winner of the Swiss auction until the next hearing scheduled for this month-end, but refrained from staying the loan sale process on a petition filed by Anil Ambani-promoted Vidarbha Industries, people aware of the court ruling said.

@abhiee RPower me ye 2 seen h

A small negative candle was formed on the daily chart with minor upper and lower shadows. Technically, this pattern indicates sideways movement in the market with a weak bias at the crucial resistance of 19,650 levels

Boards of RInfra and RPower approved the preferential allotment on Saturday following which a notice was issued for shareholder approval on Sunday. Authum had completed the takeover of Anil Ambani companies RCFL and RHFL through a lender-led process in October and March, respectively.

Nifty inched higher to levels just below 19600, while Sensex added 232 points and closed at 65,953. Sectorally, healthcare and IT indices led the gains

Lenders of Vidarbha Industries Power will hold a Swiss challenge auction on August 8 among the three shortlisted asset reconstruction companies (ARCs), said people aware of the development. Lenders have shortlisted Aditya Birla ARC, Avenue Capital-backed Asset Reconstruction Company of India (Arcil) and Reliance ARC as eligible candidates to submit counter offers for the sale of the distressed power company, the people said.

Indian equities rallied to a record high on the back of positive Q1 earnings from some counters and strong global cues. However, on Friday, the market may be influenced by Infosys. Market analysts believe if the index fails to surpass the 20,000 level, investors may engage in profit-taking.

The Nifty Bank index closed 1.13 per cent up at 46186.9.

The Nifty Auto index closed 0.41 per cent up at 15577.0.

The Nifty IT index closed 0.66 per cent down at 31145.95.

The Nifty Auto index was trading 0.31 per cent down at 15465.0.

The Nifty Bank index was trading 0.1 per cent up at 45716.0.

The Nifty Bank index closed 0.57 per cent up at 45669.3.

The Nifty Bank index was trading 0.28 per cent up at 45536.65.

The Nifty Realty index was trading 0.78 per cent up at 539.25.

Vidarbha Industries is a subsidiary of Anil Ambani's Reliance Power. Varde Partners, bidding alongside Aditya Birla ARC, had also offered to fund the promoter's one-time settlement offer of ₹1,260 crore, but the lenders did not proceed with it

The Nifty Auto index closed 0.08 per cent down at 15513.8.

The Nifty Realty index closed 0.85 per cent down at 535.05.

The Nifty Bank index closed 0.09 per cent down at 45410.85.

The Nifty Pharma index closed 0.26 per cent down at 14017.15.

The Nifty Realty index closed 1.16 per cent up at 539.8.

The Nifty Bank index closed 0.35 per cent up at 44819.3.

The Nifty Pharma index closed 0.5 per cent up at 13945.65.

The Nifty Bank index was trading 0.05 per cent up at 44687.6.

The Nifty Auto index was trading 0.28 per cent up at 15562.5.

The Nifty Auto index closed 0.61 per cent down at 15519.7.

The Nifty IT index closed 1.75 per cent up at 29628.2.

The Nifty Bank index closed 0.06 per cent up at 44665.05.

The Nifty Pharma index closed 0.43 per cent down at 13876.55.

The Nifty Realty index closed 1.02 per cent up at 533.6.

The Nifty Bank index was trading 0.86 per cent up at 45024.0.

The Nifty Auto index was trading 0.54 per cent up at 15699.15.

The Nifty Realty index was trading 1.56 per cent up at 536.45.

The Nifty Pharma index was trading 0.04 per cent up at 13942.4.

The Nifty Auto index closed 0.02 per cent down at 15614.9.

The Nifty Realty index closed 0.26 per cent up at 528.2.

The Nifty Pharma index closed 0.3 per cent up at 13936.7.

The Nifty Auto index was trading 0.1 per cent up at 15633.05.

The Nifty Bank index was trading 0.31 per cent up at 44882.1.

The Nifty Realty index was trading 0.41 per cent down at 524.7.

The Nifty Pharma index was trading 0.33 per cent up at 13940.95.

The Nifty IT index was trading 0.47 per cent down at 29185.85.

​Adani, fresh from a $2.8 billion capital raising, may face intense competition for Vidarbha Industries Power Ltd., which operates the 600-megawatt generation facilities in central India, according to the people, who asked not to be identified as the plans are private.

Indian billionaire Gautam Adani and Anil Ambani's firm, Reliance Power, are considering bidding for coal-fired power plants being auctioned by the Indian bankruptcy court. If Adani wins the auction, it will add to the conglomerate's growing portfolio of coal power projects, which is seen as a way of recovering from a recent short-seller attack. Reliance Power's consideration of bidding for the asset is to win back control of the firm.

The Nifty Pharma index closed 1.04 per cent up at 13895.4.

The Nifty IT index closed 0.45 per cent up at 29324.8.

The Nifty Bank index closed 0.26 per cent down at 44745.05.

The Nifty Realty index closed 0.01 per cent down at 526.85.

The Nifty Pharma index was trading 0.85 per cent up at 13869.05.

The Nifty IT index was trading 0.38 per cent up at 29305.45.

The Nifty Auto index was trading 1.08 per cent up at 15570.05.

In the last few weeks, CFM ARC and the promoter have been outbidding each other in making unsolicited offers to the lenders for the distressed thermal power company, as reported by ET on June 22.

Indian equities were supported by strong buying in heavyweight Reliance Industries stocks, which helped the Nifty defend the support of 19,300 and end at 19,356 on Monday. However, broader markets saw losses as IT stocks underperformed, leading to weakness. Meanwhile, analysts are keeping a close eye on the upcoming

The Nifty Pharma index closed 0.12 per cent down at 13751.8.

The Nifty Auto index closed 0.62 per cent down at 15403.2.

The Nifty Bank index closed 0.14 per cent down at 44860.85.

The Nifty Realty index closed 0.85 per cent down at 526.9.

The Nifty IT index closed 1.24 per cent down at 29194.75.

The Nifty Realty index was trading 0.72 per cent down at 527.55.

The Nifty Pharma index was trading 0.09 per cent down at 13756.75.

The Nifty Bank index was trading 0.21 per cent up at 45020.7.

The Nifty Auto index was trading 0.67 per cent up at 15602.6.

The Nifty IT index was trading 0.86 per cent down at 29307.3.

The Nifty Pharma index closed 0.74 per cent down at 13769.0.

The Nifty Bank index closed 0.92 per cent down at 44925.0.

The Nifty Realty index closed 1.18 per cent down at 531.4.

The Nifty Auto index closed 0.29 per cent up at 15498.85.

The Nifty IT index closed 0.82 per cent down at 29560.45.

The Nifty IT index was trading 0.44 per cent down at 29674.35.

The Nifty Pharma index was trading 0.3 per cent up at 13913.1.

The Nifty Realty index was trading 0.21 per cent up at 538.9.

The Nifty Auto index was trading 0.16 per cent up at 15478.35.

The Nifty IT index closed 0.12 per cent down at 29805.2.

The Nifty Pharma index closed 0.72 per cent up at 13871.6.