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17.08.2020 Share Market Update

Dear Millionaires,

Market Update is a new playlist in our MMM channel introduced to cover the important data like previous day chart, results, top stocks, dividend and break out stocks for trading with ease.

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News Corner

Sensex closed 433 points, or 1.13 percent, lower at 37,877.34 and the Nifty ended at 11,178.40, down 122 points or 1.08 percent.

PM address :The biggest announcement made by PM @narendramodi - laying optical fiber in all Indian villages (6 lakh) in next 1000 days.

Beneficial for companies like Himachal Futuristic Communications (HFCL), Aksh Optifibre, Finolex Cables, Sterlite Technologies, Birla Cable, Vindhya Telelink, Paramount Communications etc.

Wipro has completed the acquisition of Brazilian IT firm IVIA Serviços de Informatica Ltda.

Pragati India Fund sells 15% stake in PTC. PTC Industries share price was locked in 20 percent upper circuit on August 14 at Rs 582.50.

Elgi Equipments share price jumped 20 percent intraday on August 14 after the board approved a bonus issue.

NLC India raises Rs 1,000 cr by issuing commercial paper

Important Data – Result Impact

Balkrishna Ind drops 5% post weak June quarter result

Parag Milk Foods surges 7% after it launches a new product

Hero MotoCorp slips 2% after Q1 profit plunges 95%

Greaves Cotton dips 3% post Q1 nos; MD & CEO resigns

Eicher Motors dips 3% on Rs 55 cr loss in June quarter

3M India slides 4% on net loss of Rs 43 crore in Q1

NTPC profit slumps 6% in June quarter, income down at Rs 26,795 cr

City Union Bank PBT in Q1 down 15% to Rs 199 cr on provisions

Hindalco Industries Q1 loss at Rs 709 cr; revenue drops to Rs 25,283 cr

Indian Bank Q1 profit up 1% at Rs 369 cr; income doubles to Rs 11,446.7 cr

Sun TV pre-tax profit drops by 40% to Rs 352 cr in Q1, revenue at Rs.606 cr

Ramco Cements slips over 2.5% as Q1 PBT drops 43% YoY

Redington India shares jump 18% post June quarter nos

Glenmark Pharmaceuticals Q1 net jumps over two-fold to Rs 254 crore

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