Friday, May 22, 2020

Market Highlights - 22.05.2020

Market Highlights - 22.05.2020

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💎 Bharti Airtel acquires a strategic stake in Voicezen.     

💎 Hindustan Zinc reportes 33% lower PAT at Rs.1339 crore for the March quarter.     

💎 IRB Infrastructure raises Rs.200 crore through issuance of non-convertible debentures on a private placement basis.     

💎 Hawkins Cookers reports 31% lower PAT at Rs.9.36 crore for the March quarter.     

💎 Automotive Axles resumes offices and manufacturing at Jamshedpur and Hosur.     

💎 Nahar Spinning manufacturing facilities in Punjab and Madhya Pradesh partially resumes operations.     

💎 Quick Heal Technologies Q4 PAT stands at Rs.8 crore and revenue stands at Rs.64.25 crore.

💎 Market ends lower with Nifty Bank underperforming Sensex and Nifty

💎 Banks slip after RBI announces an extension of 3 months for moratorium

💎 Sensex slips 260 points to 30,673 and Nifty 67 points to 9,039

💎 Nifty Bank closes 456 points lower at 17,129 and midcap 95 points lower at 12,668

💎 All top 5 Nifty losers are financials, Axis Bank, HDFC, Bajaj twins and ICICI Bank slip up to 5 percent​

💎 HDFC twins and ICICI drag Nifty by 72 points; Infosys supports with 18 points

💎 Infosys gains 3% after US Court dismisses class action lawsuit filed in 2019

💎 Zee Entertainment, M&M, Cipla and Shree Cement top Nifty gainers

💎 Equitas, M&M Financial, Shriram Transport, Indiabulls Housing, AU Small Bank amongst top F&O losers

💎 Market Breadth favours declines; advance-decline ration at 2:3

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