Market Highlights - 19.11.2020
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💎 Market reverses 4 days of gains to end lower, Nifty below 12,800; financials slip
💎 Indian indices ended over 1 percent lower on Thursday after 4 sessions of gains, following losses in global peers, as widening COVID-19 restrictions weighed on market sentiment.
💎 The domestic indices were mainly dragged by financials but IT and metal sectors also contributed to the fall.
💎 The Sensex ended 580 points lower at 43,600 while the Nifty fell 166 points to settle at 12,772. Broader markets were also lower with the Nifty Midcap down 0.7 percent while the Nifty Smallcap index fell 0.23 percent.
💎 Among sectors, Nifty Bank declined 3 percent while Nifty Fin Services shed 2.4 percent. IT, Metal and Pharma indices also ended in the red for the day, down 0.5-1 percent. However, Nifty FMCG rose 0.4 percent.
💎 On the Nifty50 index, Powergrid, ITC, NTPC, Coal India and Tata Steel were the top gainers while SBI, ICICI Bank, Axis Bank, Tata Motors and JSW Steel led the losses.
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