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

Dussehra Flash Deal: Flat 15% Discount On Our Stock Advisory Services

Explore long term investment options other than fixed deposit, mutual funds, gold or real estate. Here's how you can become a smart investor: Why Stock Market Is A Smart Investment Option? Stock
Read More>>

Stop! Read Before You Invest In These Trending Stock Market Tips

Various popular stock market news portals and TV channels discuss trending stocks and provide free tips but without in-depth research. We create well-researched equity analysis on these trending stock tips in a single place so you don't waste your
Read More>>

Investment Opportunities Aplenty As Correction Hits The Market

Market this Week This week started on a positive note but due to geopolitical cues and US Fed Status quo on interest rate kept the market in a range-bound mode. However, the
Read More>>

Market Tanked As Tension Rises Over Korean Peninsula

Share Market News – 22 September 2017 The market opened downside over increasing tension in the Korean peninsula and panic selling was seen in each and every sector but IT
Read More>>

Looking For Multibagger Stocks? Here’s How To Find Them

What Is A Multibagger Stock? If you are a stock investor, you don't need any introduction to the word--multibagger. A multi-bagger stock is the one whose value has risen multiple times and it has given manifold growth on the capital
Read More>>