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Market Update - RIL, Yes Bank top down, Titan Gains

Yes, Bank shares tanked by nearly 2%  - to Rs 155, to emerge among the biggest Sensex losers.  Reliance Industries share price tanked by more than 1.5% to Rs 1,280.15 after global firm Morgan Stanley downgraded the stock to Equalweight. 
Vodafone Idea Swings - After Founders, Pledge Shares Shares of the telecom operator fluctuated between gains and losses to trade 0.7 percent higher at Rs 14.40. Shareholders of Vodafone Promoter Mauritius and Vodafone Promoter Indian pledged about 44.39 percent stake, the company said in a filing. Vodafone Group owns the stake through 12 entities based in India and Mauritius. The stake is valued at close to Rs 18,304 crore. 

Yes Bank, Adani Ports, BPCL, UPL, Grasim, Gail, Cipla, HDFC, Power Grid, and RIL are trading lower, while on the other hand Hindalco, Britannia, Wipro, IOC, Coal India, and Hero Motocorp are among major gainers. Among sectors, except metal, all other sectors are trading lower.

Rupee Opens: The Indian rupee opened lower at 69.88 per dollar on Thursday versus previous close 69.71.

Titan Gains -  After Q4 Results Announcement Shares of the jewelry maker rose as much as 1.9 percent to Rs 1,110 after announcing its fourth-quarter results.


Market Update | Bank Nifty | Reliance Shares | Yes Bank Shares | Vodafone | Idea | Titan Shares

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