Nifty Closing Update: Astrazeneca to supply 400M doses for potential virus Vaccine

Nifty Closing Update
Nifty Closing Update

21052020 Closing Update 14:50: Astrazeneca to supply 400M doses for potential virus Vaccine, Domestic Airlines to resume operations next week. Global Corona Virus Cases cross 5Mn, UK to start trials Hydroxychloroquine for Covid-19. SoftBank to sell $3Bn worth Telecom Unit. ITC showing strength on daily charts.

Nifty Open- 9079.45, Low-9056.10, High 9178.55 and Current: 9098. VIX is down 7% at 33.35% today and Nifty has been facing pressure since last one hour by the selling mounted in BankNifty following the results by BajajFinServ, the company reported a Net Profit at Rs. 1.94Bn against Rs.8.39Bn that shook markets.

Today we may have the US releasing data on Unemployment, Housing and Manufacturing which could trigger the movements in the evening. Nifty has critical supports at 9020 and 8978. A Close today above 9158 will be vital for fresh bullishness in markets. Top Gainers from Nifty200 today are Aditya Birla Fashions, Indian Hotels, Indigo, Hindalco and ITC while top losers are IBVentures, Bandhan Bank, CholaFin, Varun Beverages and BajajFinServ.

128 Stocks are in Green from Nifty200 while 72 stocks in Red. All Key Indices are in Green with maximum gains recorded in Mid-Cap. On Sectoral Indices we have BankNifty -0.6%, FinService -0.7, Realty -0.4% while max Gains from Auto +2.6%, Metal  +1.8%  and FMCG +1.9%.

FnO Top Gainers are Indigo, ITC, Hindalco, McDowel and UBL while Top Losres are Bandhan, Chola, IndusInd, BajFinserv and BajFinance.  We could see fresh longs in ITC, Balkrishma, AMaraja, Hindalco and TorntPharma while  Shorts in Colgate, HDFC, Bandhan, KotakBank and IDFCFirst. Already Rollovers visible inKotakbank, AdaniPower, Sail, IDFCFirst and LTFH. Stay Tuned to our Website, Twitter and Telegram handles for more updates