Market Movers: RIL, Tata Motors bolt higher; cash turnover hits 2-month high
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Synopsis
As many as 42 stocks on the NSE gave a buy signal based on MACD indicators, including prominent names like JSW Energy, Bank of India, Tata Coffee, Coal India, State Bank of India and Nippon Life India AMC.
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In the broader market, aggressive risk appetite among investors was visible as Nifty Midcap 100 and Nifty Smallcap 100 ended 0.7 per cent and 0.1 per cent, respectively.
MUMBAI: In a sign of the insatiable appetite of investors on the Street, benchmark equity indices shrugged off their initial weakness to end the day at their lifetime closing highs spurred by likely buying from foreign investors, said dealers.
Synopsis
The RIL stock has fallen 15 per cent in the last three months, compared with a 21 per cent rise in Nifty50.
Reliance Industries chairman Mukesh Ambani
NEW DELHI: At some point last year, Reliance Industries (RIL) played a major role in the rebound that the benchmark equity indices stages from their March lows.
The rally in RIL shares was such that it helped Mukesh Ambani climb up the billionaires’ ranks to become the world’s fourth richest with a fortune of nearly $90 billion.
This was when the stock hit a record high of Rs 2,368.80 in September 2020. Since then, the stock has come off 19 per cent, and Ambani s fortunes have dropped to $73.9 billion. He is no more in the top 10 billionaires list. The dominance of RIL shares in the market benchmarks has also reduced significantly, though most brokerages still remain bullish on the stock.
List Of Reliance Jio In-Flight Connectivity Packs
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Updated: Friday, December 25, 2020, 23:57 [IST]
Reliance Jio is known for bringing new initiatives and to offer connectivity in the flight, it has announced the launch of In-Flight services for its users. Besides, the company has announced the launch of In-Flight Connectivity postpaid and prepaid plans. Notably, the In-flights plans of the company is providing three plans that are priced at Rs. 499, Rs. 699, and Rs. 999. With in-flight connectivity plans, users will get data, calling, and messages.
However, this facility is available with Jio s 22 partners. The telecom operator has joined hands with Malindo Air, SAS Scandinavian Airlines, Singapore Airlines, SWISS, Asiana Airlines, Biman Bangladesh Airlines, Cathay Pacific, Egypt Air, Emirates, Etihad Airways, Euro wings, Virgin Atlantic, TAP Air Portugal, Turkish Airlines, Aer Lingus, Alitalia, Uzbekistan Airways, Air Serbia EVA Air, Kuwait Airways, Lufthansa, and Malays