Closing Update 3:00PM: Astrazeneca outlines Cobvid-19 treatment trials. Nifty tests 9490 but fails to hold grounds. Bank Nifty failed to hold above 19400 and trading at 19140 as of 3PM today, EU shines on hopes of stimulus package amid the US-China tensions. Astrazenca shares though are not showing any impact on the news of outlining the treatment trials on Covid-19. Financials lead gain in Nifty50.
Nifty50 Open9364.95, High- 9490.55 Low- 9336.5 and Low- 9314.95. We contined our buying spree on all beaten down counters and short covering taking index to to monthly highs. Top Gainers from Nifty200 are Bombay Burmah 11%, Zeel 10.5%, Aditya Birla Fashions +9.02%, Eicher +8.5% and IndHotels +8.2%.
Top Losers are McDowel -2.6%, PNB -2.6%, Emami -2.5%, BPCL -2.2% and AdaniPower -2.1%. 40 shares from this pack is in red while 160 shares are in green from Nifty200. All Major indices are up with surprise of all around 1.7% gains on Sectoral Indices Pharma and PSUBank are in red while Media is outshining along with Auto and Realty. FinService and Banks are also +2%