Global Market: China backs IMF scrutiny of fiscal risks in major economies
Reliance Industries moved lower.
· Economic Times Markets
China backed the IMF’s efforts to monitor fiscal risks in major advanced economies and assess global spillover effects. PBOC Governor Pan Gongsheng highlighted rising debt, financial imbalances and cross-border capital flows, while opposing protectionism. The IMF urged China to strengthen domestic consumption and reduce reliance on exports.
The analysis
Against that, the stock is -0.4% on the day at ₹1,206.20, and has returned -9.1% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -3.6% over the same period, so Reliance Industries is running 5.5 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy, Financial Services, Capital Goods & Engineering.
In this story
Related coverage
Brookfield's $2.53 bn bid for Reliance Worldwide clears 'go shop' hurdle
Jio’s mega IPO breaks all records with Rs 2.5 lakh crore anchor demand: BlackRock, GIC, LIC participate
IIFL Finance plans to raise ₹2,500-5,000 crore by selling stake amid Fairfax exit rumors
Jio IPO’s grey market hints at 20% listing pop. What are Emkay, SBI Securities saying?
SBI Research urges tax clarity on G-Secs, ECB rules to deepen domestic borrowing markets