Nifty 50 Closing Update: HDFCBank Leads Nifty and BankNifty Rally

27052020 Closing Summary: Nifty Open- 9082.2, High- 9328.7, Low- 9004.25 and Last- 9278. HDFCBank Leads Nifty and BankNifty Rally.  BankNifty rallies over 1300 points and Nifty over 320 Points. China Foreign Ministry spokesperson says the situation is overall stable and controllable in the border. Monsoon in Kerala Expected by 4th or 5th June. Metals are looking Hot.

All Major Indices are in green with Nifty50 leading the show, and Except Media and Pharma, all sectoral indices are also shining with BankNifty leading by over 7%. Top Gainers from Nifty200 are Axis Bank +11.5%, CholaFin +9.2%, ICICIBank +8.6%,  Bandhan Bank +8.11% and GodrejInd +6.86 while top Losers were TorntPharm -6.72%, EMAMI -5.09%, Alkem Lab -4.75%, IPCA Lab -4.24% and D-Mart -3.65%. Coramandel hit fresh 52 weeks high today while UnionBk, PFC, AUBank, BajFinaserv and IBVentures hit fresh 52 week lows. 136 shares from Nifty200 are in Positive territory while 64 stocks are negative.  

VIX is marginally up at 31.48% and on OI Long Buildup in HCLTech, Hindalco, TataPower, ICICIPru, IBHousing wbile Short-Buildup seen in SBILIfe, LUPIN, PowerGrid, BharatForge and ACC.  Adanient has seen highest rollover % at 79% followed by Grasim at 76% JSWSteel and AdaniPorts at 73% and PNB at 72% 

Closing Above 9302 will shower some more bullish signals for Markets while close below 9248 will push the index further down. For more updates stay tuned to our Twitter, Telegram and Website.