Dolat Capital: Nifty 50 Performance And Outlook - August 2020 

Dolat Capital: Nifty 50 Performance And Outlook - August 2020

Signage for the CNX Nifty Index is displayed in the atrium of the National Stock Exchange of India Ltd. (NSE) building in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Nifty gave a positive return of 5.2% (positive 5.6% return in U.S. dollar term) during the month.

The biggest gainer in the index during the month was Zee Entertainment Enterprises Ltd., with a month on month return of 47%, followed by Tata Motors Ltd. with a MoM return of 37%.

The biggest losers during the month were HDFC Standard Life Insurance Company Ltd. with negative MoM return of down 8.3%, followed by Bharti Airtel Ltd. with negative MoM return of down 7.6%.

20 stocks outperformed the index and the rest 30 underperformed. Most of the stocks in Metals and Mining and banking, financial services and insurance outperformed the Index.

Major stocks in the energy and IT Services sector underperformed the index.

Among the Indices, Media index outperformed with a return of 30% while IT index underperformed with a return of 0.3% during the month.

Click on the attachment to read the full report:

Dolat Capital Nifty Performance and Outlook - August 2020.pdf
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DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

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