Goodwill Investor Education Eagle’s Eyes – Stock Market Review.

Goodwill Investors’ Education:                                   12th June 2020

Eagle’s Eyes:  Stock Market Today- A review:

MARKET NEWS TODAY: Bank Nifty19834 .NIFTY 9696 SENSEX:32801…now

IndusInd Bank Ltd fell 5.78% today to trade at Rs 498. It is almost 6 % down. It touched all time high of Rs 1601 last June 2019.

Similarly Kotak bank down by 4 %  and RBL bank -down 4.7 %are also in lower range. bank Nifty has lost around 1000 points compared to last session.

Biocon showed upward trend – up 1.07 %  and at Rs 391 after getting the USFDA approval for its Type 2 Diabetes insulin. Biocon has collaborated with Mylan which has distribution rights in many countries like U S , Australia etc.,  Biocon is a script to watch for short term gain.

Today Infy, TCS, HCL Tech and other Tech firms are quoting lower on account of profit booking.

Infy @ Rs 681- down by 3 % and TCS at Rs 2022- 2.5 % low.

May be Tech and Bank shares are down on account of profit booking.

While BPCL is up over 1 %, IOC is down by 1 % due to Rupee and Oil maket uncertainties.

Telecom stocks are trading positive range and Telecom Index is up today @ 1284..up from yesterday closing.

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