Market Highlights - 18 May, 2020

Market Highlights - 18 May, 2020

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💎 Closing Bell: Sensex slips 1068.98 points to close at 30028.98; Nifty ends 313.60 points lower at 8823.25.      

💎 Reserve Bank makes $21-billion cut to US treasury holdings during March.       

💎 India to export non-medical and non-surgical masks worth $1 billion in next 3 months.       

💎 Sterling and Wilson Solar wins an EPC contract in Australia for Rs.2600 crore.       

💎 General Atlantic buys 1.34% stake in Jio platforms for Rs.6598.38 crore.       

💎 Maruti to resume operations at Gurugram plant.       

💎 PFRDA proposes composite social security scheme.

💎 Financials drag market to over 1-month low

💎 Sensex and Nifty slip over 3 percent each, Nifty Bank declines 7%

💎 Nifty ends 314 points lower to 8,823 and Sensex 1,069 points lower to 30,029

💎 Midcap Index falls 583 points to 12,409

💎 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 drag Nifty by 164 points

💎 IT stocks (Infosys and TCS) support Nifty with 24 points as rupee slips to 76/$

💎 Cipla gains over 5% on positive management commentary after Q4 earnings

💎 Banks slip after governemnt says no fresh insolvency proceedings for 1 year

💎 Except IT and Pharma, all indices close lower

💎 Volatility Index, India VIX surges nearly 8% to close at 41

💎 Market Breadth favours declines; advance-decline ratio at 1:4

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