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Market update 27th May 2020. Nifty, Sensex witness the best trading day of May.

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Market update 27th May 2020. Nifty, Sensex witness the best trading day of May.

 

Overall performance:

Today, Indian indices ended on strong note with NIFTY above 9,300 and SENSEX crossed 31,000 mark supported by banking stocks. When market closed, SENSEX was up by 995.92 points or 3.25%, closing at 31,605.22 and NIFTY was up by 285.90 points or 3.17%, closing at 9,314.95. The S&P BSE midcap index was up by 61.25 points or 0.54%, closing at 11,467.83 and S&P BSE Small cap increased by 28.59 points or 0.27%, closing at 10,619.01. NIFTY Midcap 100 closed at 12,911.25, up by 75.60 points or 0.59%, closing at 12,911.25 and NIFTY Small cap 100 closed at 3,905.60, up by 25.40 points or 0.65%.

 

Global indices and commodities:

When Indian market closed, DAX was trading at 11,694.73 up by 190.08 points or 1.65%. NASDAQ was trading at 9,340.22 up by 15.63 points or 0.17% and CAC was trading at 4,685.20, up by 1.71% or 4,687.35 points. While, SGX Nifty was up by 275.50 points or 3.05% and trading at 9,297. Currently, Gold is trading at 46,105 down by 217 points and 0.47%, Silver is trading at 47,900 up by 79 points and 0.17% and Crude oil is trading at 2,574.

 

Currency:

At the closing time of Indian indices, almost all the currencies were trading on a high note. USD was trading at Rs 75.72, up by 0.07% or 0.05 points. EURO was trading at 83.34, up by 0.63% or 0.52 points and GBP was trading at Rs 93.22, up by 0.22% or 0.21 points.

 

Sector:

Today, almost all other sectors ended on higher note, expect for Pharma sector. The S&P BSE Auto index increased by 110.43 points or by 0.83%, closing at 13,390.53 and BSE Bankex gained 1,465.45 points or 7.31%. While, S&P BSE Health care fell by 129.96 points or 0.84%. When market closed, NIFTY BANK was up by 1,270.20 points or 7.28%, closing at 18,710.55. NIFTY IT increased by 377.95 points or 2.78%, closing at 13,952.90 and NIFTY Auto increased by 42.65 points, closing at 5,896.95. While, NIFTY Pharma fell by 19.80 points and closed at 9,463.70.

 

Top 5 gainers:

Today, banking and financial sector performed well as most of the gainers are from banking sector. Share price of Axis bank increased by 45.70 points or 13.39%, closing at Rs 387, ICICI Bank gained 26.15 points or 8.93% and closed at Rs 318.85. Wipro shares increased by 12.45 points or 6.59%, closing at Rs 201.25. Share price of Grasim gained 34 points or 6.38%, closing at Rs 566.65, HDFC Bank was up by 51.25 points or 6.01% and closed at Rs 903.65 and Bajaj Finance increased by 107.45 points, closing at Rs 1936.45.

 

Top 5 losers:

Today, Sun Pharma declined by 8.25 points or 1.80%, closing at Rs 450.90. Ultra tech cement which is increasing from last few days, today declined by 1.55% or 58.60 points, closing at Rs 3,727.40, Shree Cements decreased by 189.75 points or by 0.92%, closing at Rs 20,477.55. Share price of Titan Company fell by 6.90 points or 0.77%, closing at Rs 885.85 and Asian Paints shares declined by 10.40 points or 0.64%, closing at Rs 1,619.45.

 

Stock in news:

Most active stock by volume were stocks such as Vodafone Idea, ICICI Bank, IDFC First Bank, Axis Bank, ITC, Adani power, Tata power, BHEL and SBI. Today most of the stocks of banking sectors were in news as their stocks hiked over 8%, which includes stocks such as Axis bank which increased by 13.39%, closing at Rs 387. ICICI Bank increased by 8.93% and closed at Rs 318.85.

 

 

Market Update 26th May 2020. Pharma and IT stocks decline.

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