Tuesday, August 20, 2019

MARKET SUMMARY OF 20 AUG 2019


After three days of gains, Sensex ended in negative on August 20, dragged by losses in bank, financial and energy heavyweights, including Reliance Industries, ICICI Bank and HDFC.After opening with gains, the market benchmark kept trading flat as investors kept awaiting government's clarity on reports of a corporate tax rate cut. Besides, the government is yet to reveal its cards on widely anticipated fiscal stimulus measure which is keeping investors on tenterhooks.Buzzing stocks Oberoi Realty, Capacit'e Infra fall up to 8% on reports of raid by I-T dept YES Bank falls for second straight day, down 15% against QIP price Vodafone Idea falls 6% as CEO Balesh Sharma resigns Karnataka govt cancels NMDC lease for Donimalai mine, opts for auction CG Power tanks 20% after Co recognises 'unauthorized transactions' by staff

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