Friday, August 14, 2020

Market Highlights - 14.08.2020

Market Highlights - 14.08.2020

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💎 Sharp decline in last hour of trade; indices turn negative for the week

💎 Nifty sees biggest intra-day fall in 8 sessions; private banks drag index the most

💎 Nifty Bank slips over 3% from top; HDFC Bank, ICICI Bank contribute half of losses

💎 Midcap Index slips nearly 400 points to end at 11,181

💎 Eicher Motors ends 7% lower after VECV reports a loss amid weak CV demand for Q1

💎 Six out of 12 Nifty gainers today are either pharma or metal stocks

💎 Ashok Leyland holds on to gains in a falling market after CLSA upgrades stock to buy

💎 Tata Steel higher after management says Q2 EBITDA/tonne will be up by at least Rs 3,000

💎 Hindalco reports Q1 aluminium EBITDA at Rs 856 crore v/s Rs 853 crore YoY; stock up 0.3%

💎 34.2% margin for Q1 v/s 27.4% YoY sends NTPC higher; stock up 1%

💎 Market Breadth turns in favour of declines for 1st time this week; ratio at 2:3

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