Wednesday, 22 February 2017

RIL's 11% run lifts Sensex 103pts despite fall in IT, HDFC twins; Free Stock Cash Tips

Reliance Industries, which posted biggest single day gain since May 18 (2009), propelled equity benchmarks to fresh five-month highs Wednesday ahead of expiry of February derivative contracts on Thursday. However, the correction in technology and HDFC Group stocks limited gains. 

After rising as much as 202 points intraday, the 30-share BSE Sensex settled with 103.12 points gains at 28864.71 amid consolidation. The 50-share NSE Nifty failed to hold 8950 level, up 19.05 points at 8926.90. Both indices were at highest closing level since September 8, 2016, and continued uptrend for fifth consecutive session.

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