The Indian markets pared gains after hitting fresh record highs on Tuesday. The S&P BSE Sensex climbed Mount 75K for the first time to hit a record high of 75,124 while the Nifty50 hit a record high of 22,768.
Historically, we have seen that RIL stock price follows price action and breakout most of the time for intraday trading and should be in any long-term portfolio, says Co-Founder of Financial Independence Services Ankit Choudhary
RBL Bank share price gains over 4% due to substantial growth in deposits and advances; MRPL gains 12% giving a handsome pole and flag breakout above Rs 81, forming a pattern that may see a target of Rs 92-93. Samvardhana Motherson International opens gap up, jumping 6%, but remains in the range of Rs 88 to Rs 94 throughout the day