Market Highlights - 08.06.2020

Market Highlights - 08.06.2020

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πŸ’Ž Silver Lake and Co-Investors to invest additional Rs.4546.80 crore in Jio Platforms.      

πŸ’Ž Abu Dhabi Investment Authority announces an investment of Rs.5,683.5 crore for 1.16% stake in Jio Platforms.      

πŸ’Ž Star Paper partially resumed operations at plant in UP.      

πŸ’Ž Sahyadri Industries has resumed production and manufacturing operations at its Manufacturing Facilities.      

πŸ’Ž NCLT has approved demerger of Hind Lamps from Bajaj Electricals.      

πŸ’Ž IndusInd Bank’s promoters IndusInd International Holdings Ltd and IndusInd Ltd will buy additional shares from open market in India.      

πŸ’Ž Nirayu Pvt Ltd buys 39,26,391 Alembic shares at Rs.54/share.      

πŸ’Ž L&T Technologies re-appoints AM Naik as non-executive chairman for three years.      

πŸ’Ž Greaves Q4FY20 Profit seen at Rs.10.0 crore versus Rs.37 crore, Revenues seen at Rs.359 crore versus Rs.528 crore YoY.      

πŸ’Ž Jyothi labs Q4 Profit at Rs.23.0 crore versus Rs.64.0 crore, Revenues at Rs.393 crore versus Rs.515 crore.      

πŸ’Ž AB Capital’s Net profit in Q4FY20 fell 44.2% to Rs.144 crore from Rs.258 crore while revenue rose to Rs.5,122 crore from Rs.5,050 crore, YoY.      

πŸ’Ž HFCL’s net profit in Q4FY20 plunged 86% to Rs.9.68 crore.
πŸ’Ž Sensex and Nifty slip nearly 2% from highs to close Monday trade with minor gains

πŸ’Ž HDFC Twins, Reliance & ITC drag market while Infosys, Axis Bank and Bajaj Finance support

πŸ’Ž Sensex falls 557 points from highs to close 83 points higher at 34,371

πŸ’Ž Nifty fails to hold 100-DMA, slips 161 points from highs to end 25 points higher at 10,167

πŸ’Ž Nifty Bank drops 620 points from highs to close 153 points higher at 21,187

πŸ’Ž Midcap Index ends 65 points higher at 14,223; market breadth favours advances

πŸ’Ž IndusInd Bank amongst top Nifty gainers on promoters' plan to buy add shares

πŸ’Ž Most PSU companies end higher; BPCL, GAIL, ONGC, HPCL, IOCL, Oil India top gainers

πŸ’Ž Zee Entertainment, Shree Cement, Eicher Motors, M&M, Bharti Infratel, Cipla top Nifty losers

πŸ’Ž In the aviation space, SpiceJet surges 10% while IndiGo slips 6%

πŸ’Ž Vodafone Idea continues to move higher, doubles in one week

πŸ’Ž Indiabulls gains more than 14% to close at nearly 3-month high

πŸ’Ž AstraZeneca at 52-week high on parent company's plan for a merger with Gilead Sciences

πŸ’Ž Abbott India slips 3% after reporting weak January-March earnings YoY

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