Nifty rejig, Zomato & Jio Financial Share Price Highlights: Zomato & Mukesh Ambani-backed Jio Financial shares end in green, up 1%

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Jio Financial Services stock closed in 1.57% on the BSE at ₹225.90.

Shares of Zomato closed at 205.75 on the BSE, up 1.21% after hitting an intraday high of ₹208.75. Mcap stood at ₹1.98 lakh crore.

Sensex ended 317.93 pts or 0.41% positive at 77,606.43, and Nifty 50 closed at 23,591.95, up 105.10 pts or 0.45%.

Shares of Jio Financial rose 1.26% on the NSE to ₹224.60 as at 3.13 pm.

After slipping nearly 1%, Zomato stock rose 1.57% on the NSE at ₹206.10 as at 3.12 pm, ahead of market close.

Shares of Jio traded flat at ₹223.30 as at 2.05 pm on the NSE.

Shares of Zomato slipped 0.79% to ₹201.68 as at 2 pm.

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Here are the top gainers & losers, and stocks that hit 52-week low. Read

Shares of Jio Financial traded flat at ₹222.80 on the NSE and at ₹222.65 on the BSE.

Shares of Zomato dipped 0.36% on the NSE to ₹202.55 as at 1.05 pm.

On the BSE, it slipped 0.22% to ₹202.85.

Zomato shares dipped 0.73% to ₹201.81 as at 12.41 pm, after hitting a high of ₹208.75.

Sell quantity out-numbered buy as per NSE data.

Jio shares traded at ₹222.96 on the NSE, up 0.13% as at 12.39 pm. 

Day’s high: ₹226.80

Day’s low: ₹221.33

Buy quantity: 20,44,998

Sell: 38,31,723

(NSE data as at 11.59 am)

The Nifty Indices Semi-Annual Rejig today coincides with the derivative expiry. 

TOP inflows: in ZOMATO ($391mn), JIOFIN ($200mn), INDHOTEL ($85mn), POWERGRID ($49mn) & CGPOWER ($47mn), and

Top outflows in BRITANNIA ($153mn), BPCL ($145mn), BAJFINANCE ($79mn), KOTAKBANK ($78mn) & NTPC ($72mn)

Shares of Jio Financial traded flat at ₹223.17 as at 11.26 am, after hitting a high of ₹226.80 in early trade.

According to Nuvama Alternative & Quantitative Research, the inclusion of Zomato to the Nifty index would lead to passive inflows of $602 million and inflows in Jio Financial would be $308 million.

Shares of Zomato traded flat at ₹204.32 on the NSE as at 10.23 am.

Shares of Jio gained 1.25% on the NSE to ₹225.45 as at 9.52 am.

Shares of Zomato gained nearly 3% in early trade to hit ₹208.75.

As at 9.50 am, it traded at ₹204.18 on the NSE, up 0.44%.

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Zomato, Swiggy shares today: decline as BofA downgrades, analysts flag slow growth in quick commerce space

Zomato and Swiggy shares drop after BofA downgrade, while analysts predict challenges ahead in quick commerce sector. Zomato dropped below 200 level in early trade.

​​Read more​​

Shares of Swiggy closed 4.12% lower on the BSE at ₹323.75, after hitting ₹321.30 intraday.

Shares of Zomato ended 3.10% lower on the BSE at ₹203.30 after hitting an intraday low of ₹199.90.

Sensex tumbled 728.69 pts or 0.93% to close at 77,288.50, and Nifty 50 declined 181.80 pts or 0.77% to 23,486.85.

Zomato shares declined 2.96% on the NSE to ₹203.59 as at 3.17 pm.

Shares traded at ₹323.95 on the NSE, down 4.01%, nearly 15 minutes ahead of market close.

Shares traded at ₹203.30 on the BSE, down 3.10% as at 2.40 pm.

Shares of Swiggy fell 3.92% on the BSE to ₹324.40. Sensex traded 575 pts lower at the time of writing.

Swiggy shares plunged 3.82% on the NSE to ₹324.60 as at 2.06 pm.

Shares of Zomato dipped 2.55% on the NSE to ₹204.47 as at 2.05 pm

(NSE data as at 1.27 pm)

Swiggy stock declined 2.39% on the NSE to ₹329.45. 

On the BSE, it traded at ₹329.65 as at 1.12 pm.

Shares of Zomato traded at ₹204.97 on the NSE, down 2.31% as at 1.06 pm. On the BSE, it traded 2.38% lower at ₹204.80.

ICICI Securities has maintained buy ratings on Zomato at ₹310 TP and on Swiggy at ₹740 TP.

Shares traded 2.77% lower on the NSE at ₹204 as at 12.08 pm.

Shares of Swiggy traded 2.25% lower on the NSE at ₹329.90 as at 12.07 pm.

Swiggy has received tax demand for the period April 2017 to March 2018, amounting of ₹53 lakh, with interest of ₹45 lakh from Income Tax Department, TDS Circle, Bangalore .

Shares declined 2.28% on the NSE to ₹329.80.

Swiggy shares traded 1.64% lower on the NSE at ₹331.95 as at 11.15 am. The stock hit a low of ₹326.50, down 3 per cent from previous close of ₹337.50.

Shares of Zomato traded at ₹203.73 on the NSE as at 11.13 am, down by 2.90%. 

The stock hit a low of ₹199.92 intraday, 5% lower than previous close of ₹209.81.

Shares of Zomato opened nearly 3.55% lower on the NSE at ₹202.35, down from previous close of ₹209.81.

Here’s why

Zomato, Swiggy shares today: decline as BofA downgrades, analysts flag slow growth in quick commerce space

Zomato and Swiggy shares drop after BofA downgrade, while analysts predict challenges ahead in quick commerce sector. Zomato dropped below 200 level in early trade.

Shares of Swiggy opened 2% lower on Wednesday at ₹330.70 (previous close ₹337.50)

BoFA Sec on Zomato: Downgrade to Neutral on Company, cut target price at Rs 250/Sh from Rs 300/Sh (Negative)

BoFA Sec on Swiggy : Downgrade to Underperform on Company, cut target price at Rs 325/Sh from Rs 420/Sh (Negative)

Shares of Swiggy traded at ₹333.45 on the NSE as at 10.04 am, after hitting a low of ₹326.50.

Shares of Zomato declined 1.82% on the NSE to trade at ₹205.99 as at 10.03 am, after hitting a low of ₹199.92.