Monday, May 4, 2020

NIFTY BRAKES BROKE AT A RAPID PACE


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On May 4 Market  slipped nearly 6 % and broke the 4-day winning streak amid rising tension between US-China over coronavirus. Nifty has fallen 566 points to close at 9294 today. The May series has begun with a fall. All sectors except pharma were sold in the index. After three days, shopping in pharma stocks has returned. GLENMARK, CADILA and LUPIN have run up 2 % in a weak market. Banking was the biggest seller among auto stocks. IT, metal and oil-gas stocks also declined. However, liquor stocks were bought. The Nifty has fallen 566 points to 9294. At the same time, the Sensex fell 2002 points to close at 31,715. Banking shares today showed the highest pressure, due to which the Bank Nifty fell 1791 points to close at 19,744. There was a sale in friends. At the same time, 28 out of 30 stocks of Sensex were seen selling. All 12 stocks of Bank Nifty have closed in red mark. BHEL ran 10%. The stock hit an all-time high of one and a half months.
TOP GAINERS - CIPLA,BHARTIAIRTEL,SUNPHARMA
TOP LOSERS-HINDALCO,ICICIBNK,VEDL,HDFC, JSWSTEEL


3 comments:

  1. today's market was negative , Will it go down further?

    ReplyDelete
  2. today i bought nifty 9500 call @ 110 but now it very down it will come up tomorrow or not pls suggest

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  3. Hello sir we can guide u but please contact on 7772909587

    ReplyDelete