Monday, May 18, 2020

BREAKDOWN IN NIFTY ,BANKNIFTY AND STOCKS

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On Monday Market  erased early gains and fell sharply , as investors fretted over the extension of the nationwide lockdown till May 31.Financials draged market to over 1-month low. ensex and Nifty slip over 3 percent each & Banknifty declines 7% today. 45 Nifty stocks end in the red with IndusInd Bank, Zee Entertainment and Axis Bank being top losers.  HDFC twins, ICICI Bank, Kotak Bank and RIL, IT stocks (Infosys and TCS)  also slipped,  Except IT and Pharma, all indices close lower.Cipla gains over 5% on positive management commentary after Q4 earnings.
TOP GAINERS-CIPLA,INFRATEL,INFY,ITC
TOP LOSERS-ZEEL,BPCL,AXISBNK,HDFC,MARUTI,ICICIBNK

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2 comments:

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