February 23, 2017

What would have happened if RELIANCE was flat yesterday?

RELIANCE is an index heavy weight and yesterday the stock gained an amazing 11% in a single day.

This is the highest ever gain in past 8-10 years.

Question: what would have happened to Nifty if Reliance was flat yesterday?

Answer: Nifty would have been down 112 points. Advance Decline at 1:2 supports this.

Source: https://www.equitymaster.com/india-markets/nse-replica.asp

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