Thursday, March 19, 2020

NIFTY TAKES A BREATH BEFORE FRESH SELLING


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There is a strong short covering in the stock market before the Weekly Expiry.Nifty  closed
at a 38-month low.The Nifty has fallen 205 points to close at 8263 in todays trade. At the same time, the Sensex has fallen 581 points to close at 28,288. The midcap index has fallen 531 points to close at 12,065. At the same time,banknifty fell 497 points to close at 20084.Today metal index closed at an 11-year low & huge sell-off saw in metal & auto stocks today. The auto index has closed at a 6-year low today. Kotak bank 18%, hdfc bank 12%, then hero moto and bajaj auto have also recovered 10-10% from the lower level. HDFC Bank, Reliance, ICICI Bank was the most under pressure overall Bank Nifty has lost about 40% in 1 month.
TOP GAINERS-ITC, BHARTIARTL, INFY, IOC, JSWSTEEL
TOP LOSERS-INFRATEL, ZEEL, ONGC, M&M, MARUTI

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