Market Highlights - 27.05.2020

Market Highlights - 27.05.2020

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💎 PFC signs an agreement with Narmada Basin Projects Company to fund projects worth Rs.22,000 crore.      

💎 ITI starts manufacturing of Face Shield at Bengaluru unit.      

💎 Promoter Bharti Telecom on sold a 2.75% stake in telecom provider Bharti Airtel, raising more than Rs.8433 crore.      

💎 Kotak Mahindra Bank launches qualified institutional placement (QIP) to raise ~Rs.7,460.38 crore.      

💎 Quest Investment Advisors buys JMC Project’s 925660 shares at Rs.38.4/share.      

💎 Deepak Nitrite Q4FY20 PAT up to Rs.172.30 crore, revenue rises to Rs.1055.54 crore.      

💎 Hind Rectifiers resumes full manufacturing operations at Dehradun plant.      

💎 Cyclone AMPHAN in West Bengal makes extensive damage to Century Plyboards’ factory shed and building. Plant production has been partly shut down.

💎 Financials help Sensex and Nifty record the best trading day of this month

💎 Sensex and Nifty gain over 3% each, Nifty Bank surges over 7%

💎 Financials lift Nifty by 178 points with all Nifty Bank constituents in the green

💎 Nifty ends 286 points higher at 9,315 and Sensex 996 points higher at 31,605

💎 Nifty Bank advances 1,270 points to 18,711, the best trading day since April 7

💎 Midcap Gains the least amongst frontliners, ends 76 points higher at 12,911

💎 Except pharma and media, all indices close higher; Bank top gaining index

💎 Most banking stocks post biggest single-day gains since April 7

💎 Axis Bank, ICICI Bank, Wipro, Grasim, HDFC Bank top Nifty gainers

💎 Sun Pharma top Nifty loser after reporting Q4 earnings below exxpectations

💎 Torrent Pharma, VIP, Blue Dart slip up to 7% after Q4 earnings

💎 Midcap financials surge in trade too; Chola Mandalam, Bandhan Bank, RBL Bank, Federal Bank top gainers

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