Monday, August 17, 2020

BULLS RETURN IN THE MARKET BUT WERE CAUTIOUS

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Today markets began the new trading week with gains led by a recovery in banking stocks that bounced off their lows in the final 30 minutes of trade.nifty ended above the mark of 11250, up 0.72% While banknifty recovered 350 points from its day's low of 21404 to end 0.3% higher at 21754. The recovery was led by the banking stocks & among other sector- auto, media and metal stocks outperformed in today's session. The three sectoral indices ended with gains of 2.5% each & i.t. Stocks ended with gains of over 1% each. While pharma and psu banking stocks were the laggards in today's session. The pharma stocks fell 0.3% while the psu bank stocks fell 0.5%. Today ntpc, tata steel, l&t, titan and kotak bank were among the major gainers. While, ril, sbi, hdfc, hdfc bank, axis bank and icici bank were among the top laggards.
TOP GAINERS-NTPC,ZEEL,HEROMOTOCO,TECHM,IOC
TOP LOSERS-SBIN,BHARTIAIRTEL,RELIANCE,GRASIM

3 comments:

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