Friday, May 8, 2020

BULLS CAPTURED DRIVER SEAT

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On the last day of the week market closed in gains after a volatile session on Friday and profit booking in the final hour of trade pulled the Nifty below 9,300. Reliance Industries still contributed the most to the market boom. However, Nifty has slipped from the height of day. The index has closed above 9250 with a gain of 0.5 %. At the same time, Nifty Bank lost all the gains in the last hour and closed down 130 points. At the same time, the Sensex has gained 199 points to close at 31,643. Today RIL, HUL, Infosys have supported the market the most. Pharma, FMCG shares were a good buy. However, auto and metal stocks put pressure. ICICI BK, HUL has also energized the market. CYIENT's fourth quarter results were weak. Profit has come down by 74%. RBL BANK has seen a 54% decrease in profits.
TOP GAINERS- DRREDDY, TECHM, RELIANCE, ZEEL
TOP LOSERS-   NTPC,,AXISBNK,SBI,MARUTI,TITAN

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