Thursday, August 13, 2020

Market Highlights - 13.08.2020

Market Highlights - 13.08.2020

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💎 Market erases early gains, Nifty gives up 50 points from top to end at 11,300

💎 Midcap Index outperforms peers, back at 5-month high reclaiming 16,500 mark

💎 Nifty Bank ends in the red for 2nd day; HDFC Bank & Axis Bank top contributors

💎 Hindalco ends 3% higher ahead of Q1 earnings tomorrow; Novelis reported 27% drop in EBITDA/tonne

💎 L&T and Titan lead gains for Nifty while ITC drags; stock snaps 6-day gaining streak

💎 Nifty Pharma lower for the 3rd day followed by Nifty PSU Bank among sectoral indices

💎 Bharti Airtel ends off lows after report says MSCI weightage cut of company could be reversed

💎 MSCI cut Bharti Airtel's weightage to 1.8% from 3.5% today

💎 Market Breadth remains in favour of advances as midcaps surge; ratio at 3:2

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