Market Highlights - 19.08.2020

Market Highlights - 19.08.2020

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๐Ÿ’Ž Market erases early gains, Nifty gives up 50 points from top to end at 11,300

๐Ÿ’Ž Midcap Index outperforms peers, back at 5-month high reclaiming 16,500 mark

๐Ÿ’Ž Nifty Bank ends in the red for 2nd day; HDFC Bank & Axis Bank top contributors

๐Ÿ’Ž Hindalco ends 3% higher ahead of Q1 earnings tomorrow; Novelis reported 27% drop in EBITDA/tonne

๐Ÿ’Ž L&T and Titan lead gains for Nifty while ITC drags; stock snaps 6-day gaining streak

๐Ÿ’Ž Nifty Pharma lower for the 3rd day followed by Nifty PSU Bank among sectoral indices

๐Ÿ’Ž Bharti Airtel ends off lows after report says MSCI weightage cut of company could be reversed

๐Ÿ’Ž MSCI cut Bharti Airtel's weightage to 1.8% from 3.5% today

๐Ÿ’Ž Market Breadth remains in favour of advances as midcaps surge; ratio at 3:2

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