Performing Sector: IT And Pharma

  • Market Overview

Performing Sector: IT And Pharma

Market Action - This Week (17-August-20 to 21-August-20)

Last Week Index Performance

As per the previous one-month performance, sectors like IT has shown a growth of 28.33%, with top-performing stocks like MPhasis, Hexaware, HCL Tech, Infosys (NS: INFY ), etc. Pharma has shown an increment by 21.88%, with stocks like Divis Lab, Alkem Laboratories, IPCA, Abbot India, etc. Among the Minor sectors like Packaging, Defence and Construction, Supplies & Fixtures have shown a growth of 32.23%, 29.38% and 21.70% respectively.

In the current week, Nifty opened at 11248 today. It went up to 11458 and closed at 11371 yesterday. Indian Cash Market Index, Nifty Small Cap opened at 5432 this week, made a weekly high of 5686 and closed at 5659. The major players of the market, FII & PRO together hold a net position of (-) 31419 contracts in Index Option as on 21st August 2020. Nifty and Bank Nifty Trend indicate “Buy-Bias” but can switch to “Sell Bias” or “Buy” swiftly.

On the Global front, in the current week the US Index, S&P 500 opened at 3386, went up to 3400 and closed near its high at 3397. Hong Kong Benchmark Index, Hang Seng opened at 25007, made a weekly high of 25605 and closed at 25113. The Japan Benchmark Index, Nikkei opened at 23022 and closed at 22920.

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Sector Performance as on 21st August
Sector Performance as on 21st August

Small Cap Gainers as on 21st August
Smallcap Gainers as on 21st August

Small Cap Losers as on 21st August
Small Cap losers as on 21st August

Large Cap Gainers & Losers as on 21st August
Large Cap Gainers & Losers as on 21st August

Mid Cap Gainers & Losers as on 21st August
Mid Cap Gainers & Losers as on 21st August

RESULTS TODAY
RESULTS TODAY

DISCLAIMER:


There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of the research team. You are advised to rely on your judgment while investing/ Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.

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