Market Highlights - 27.05.2020

Market Highlights - 27.05.2020

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

πŸ’Ž ITI starts manufacturing of Face Shield at Bengaluru unit.      

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

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

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

πŸ’Ž Deepak Nitrite Q4FY20 PAT up to Rs.172.30 crore, revenue rises to Rs.1055.54 crore.      

πŸ’Ž Hind Rectifiers resumes full manufacturing operations at Dehradun plant.      

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

πŸ’Ž Financials help Sensex and Nifty record the best trading day of this month

πŸ’Ž Sensex and Nifty gain over 3% each, Nifty Bank surges over 7%

πŸ’Ž Financials lift Nifty by 178 points with all Nifty Bank constituents in the green

πŸ’Ž Nifty ends 286 points higher at 9,315 and Sensex 996 points higher at 31,605

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

πŸ’Ž Midcap Gains the least amongst frontliners, ends 76 points higher at 12,911

πŸ’Ž Except pharma and media, all indices close higher; Bank top gaining index

πŸ’Ž Most banking stocks post biggest single-day gains since April 7

πŸ’Ž Axis Bank, ICICI Bank, Wipro, Grasim, HDFC Bank top Nifty gainers

πŸ’Ž Sun Pharma top Nifty loser after reporting Q4 earnings below exxpectations

πŸ’Ž Torrent Pharma, VIP, Blue Dart slip up to 7% after Q4 earnings

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