Market Highlights - 13.07.2020

Market Highlights - 13.07.2020

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πŸ’Ž Sensex & Nifty close with minor gains while midcap and Nifty Bank end lower

πŸ’Ž 4 of top-5 Nifty losers are financials; except 2, all Nifty Bank constituents in the red

πŸ’Ž Reliance Industries lifts Nifty by 50 points while HDFC twins and ICICI Bank drag by 53 points

πŸ’Ž Sensex gains 100 points to 36,694 and Nifty 35 points to 10,803

πŸ’Ž Nifty Bank slips 309 points to 22,089 and Midcap 36 points to 15,217

πŸ’Ž PSU Bank slips while IT gains the most amongst sectoral indices

πŸ’Ž Reliance Industries surges to record high after Qualcomm deal for Jio Platforms

πŸ’Ž Reliance Industries’ market capitalisation at over Rs 12 lakh crore; adds Rs 1 lakh crore in last 16 sessions

πŸ’Ž IT stocks higher ahead of earnings this week; Tech Mahindra up 5.5%, HCL Technologies up 4%

πŸ’Ž Bharti Airtel higher while Vodafone Idea slips after TRAI blocks premium plans

πŸ’Ž Yes Bank falls 14% as investors likely to have sold shares ahead of FPO

πŸ’Ž Market breadth favours declines; advance-decline ratio at 2:3

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