Reliance Industries Driven D-Street
Feb 22, 2017 | 14:26 PM IST
Feb 22, 2017 | 14:26 PM IST
Market Walk 22nd February, 2017:
Reliance Industries driven market ended on positive note.
The Sensex gained 103.12 points to 28864.71
Nifty gained 19.05 points to 8926.09
Reliance gained 11.17% to 1209.8
Top Gainers: Idea Cellular by 5.17% to 113.95, Axis Bank by 3.94% to 524.2, Asian Paints by 2.87% to 1020.0, Coal India by 2.63% to 328.0.
Top Losers: NTPC lost 3.59% to 166.3. Ambuja Cements by 2.39% to 233.25, Power Grid by 2.35% to 201.35, TCS by 2.25% to 2409.95, Infosys by 2.23% to 991.0.
Petrochemical major Reliance Industries was the biggest gainer as well as the biggest contributor to Sensex & Niftys gains today. The stock jumped 11% to Rs.1,207.65, the highest closing level since May 29, 2008, especially after Mukesh Ambani, Chairman and Managing Director announced Reliance Jio's new tariff plans. Coal India shares rose 2.6 percent.
Company official today said that the company will appoint lead investment bank within 15-20 days to identify coal assets. SBICAP along with few foreign banks are among those that have shown interest.
Stocks To Watch: Reliance Industries is on up side while Infratel is on down side.
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