Nifty held By Idea And Vodafone Merger

Feb 27, 2017 | 06:20 PM IST

Share Market News - 27th February, 2017:

Stock market opens positive but bears snap the winning streak. The Sensex lost 80.09 points to 28812.88 Nifty 42.8 points to 8896.7 Reliance gained 4.63% to 1237.0

Top Gainers: Aurobindo Pharma by 2.03% to 679.8, Wipro by 1% to 490.95, Coal India by 0.73% to 330.1, Lupin by 0.69% to 1460.05.

Top Losers: Idea Cellular lost 4.72% to 113.95. Axis Bank by 3.61% to 509.1, Power Grid by 3.46% to 192.25, Infratel by 3.07% to 288.75, Zeel by 2.67% to 504.7.

Reliance Industries continued its run up on first day of the week as well, up 4.74% to close at Rs.1,238.60, the highest closing level since May 29, 2008. The stock gained more than 16% in four consecutive sessions, especially after Reliance Jio announced tariff plans effective from April 1, 2017.

Morgan Stanley raised Reliance’s target price to Rs.1,506 (from Rs.1,280) while retaining overweight ratings to factor in higher energy earnings and increased clarity on telecom investments. RIL stock has underperformed its peers by sixty percentage points in the last 4 years as its returns lagged peers.

Share Market Tips:

Stocks to watch - Reliance Industries is on up side while Infratel is on down side.

 

ABOUT AUTHOR

Niveza Editorial Desk : We are a team of stock market nerds trying to stay ahead of the herd. We spend our grey cells everyday to pave a smooth road for our clients in the shaky world of stock market. While...
FULL BIO

LEAVE A COMMENT

RECOMMENDED READING

Europe Election Zoomed India Market

Stock market news-24 April 2017 The market witnessed last hour selling and ended on the negative side. Sensex gained 290.54 points to
Read More>>

Market Cautious On Global Cues

Stock market news-21 April 2017 The market witnessed last hour selling and ended on the negative side. Sensex lost 57.09 points to 29365.3 Nifty lost 17 points to
Read More>>

Free Research Report - Indiabulls Real Estate

Indiabulls Real Estate (IBREL) is India’s third largest property company. IBREL, the de-merged real estate arm of Indiabulls Financial Services (IBFSL), listed on the Bombay Stock
Read More>>

Yes Bank Reports Profit; NPA Spoils The Show

Market This Week The market this week was too volatile compared to last week, but the primary trend was up. Domestic uncertainties were due to global worries like uncertain
Read More>>

What Works For Rakesh Jhunjhunwala May Not Work For You

Let's start with a pressing question - Why only a few investors make a profit in stock investment? The answer to this question is not as simple as it seems. To understand this issue we will have to do a micro-analysis of Indian investors and their
Read More>>