Market Highlights - 14.08.2020

Market Highlights - 14.08.2020

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πŸ’Ž Sharp decline in last hour of trade; indices turn negative for the week

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

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

πŸ’Ž Midcap Index slips nearly 400 points to end at 11,181

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

πŸ’Ž Six out of 12 Nifty gainers today are either pharma or metal stocks

πŸ’Ž Ashok Leyland holds on to gains in a falling market after CLSA upgrades stock to buy

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

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

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

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

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