Market Highlights - 24 April, 2020

Market Highlights - 24 April, 2020

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πŸ’Ž ArcelorMittal Nippon Steel India logs record output of 7.23 MT in FY20.     

πŸ’Ž Coal India sets 2020-21 production target at 710 MT.     

πŸ’Ž Tata Motors’ JLR to restart some production in Europe.     

πŸ’Ž Mahindra & Mahindra Board approves issuance of unsecured, redeemable NCDs of Rs.1000 crore on private placement basis.     

πŸ’Ž Bharti Infratel Q4 PAT up 7% to Rs.650 crore, revenue up 1% at Rs.3624 crore YoY.     

πŸ’Ž Britannia declares an interim dividend of Rs.35/share for FY20.     

πŸ’Ž SBI Card reported borrowings worth Rs.17362.86 crore at the end of March, 2020.     

πŸ’Ž For Q4FY20, Alembic Pharma posted 81% higher PAT of Rs 224.93 crore.     

πŸ’Ž NHPC raises Rs.750 crore through issuance of bonds on private placement basis.

πŸ’Ž Market erases half of its gains seen in previous two days

πŸ’Ž Sensex slips 536 points to 31,327 and Nifty 160 points to 9,154

πŸ’Ž Nifty Bank underperforms frontliners, falls 681 points

πŸ’Ž Market breadth favours declines with Midcap index falling 269 points to 12,696

πŸ’Ž RIL and L&T support while financials and IT drag including ICICI, HDFC twins, Infosys, TCS

πŸ’Ž Facebook deal helps RIL post biggest weekly gains in 11 years, up 16 percent this week

πŸ’Ž Bajaj Finance slips below Rs 2,000 to end at a 7-month closing

πŸ’Ž Bajaj Finance, Bharti Infratel, Zee Entertainment, Bajaj Finserv top Nifty losers

πŸ’Ž Britannia, RIL, Sun Pharma, Cipla and L&T top Nifty gainers

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