Sensex closed with a rise of 83 points to 34370 after falling from intraday high of 34927 surging more than 500 points. Nifty50 gained 25 points to reach 10167 losing the 10200 level mark. Sharp selling was seen in Healthcare, Auto and Metal sectors while Oil and Gas, IT and Banking sector witnessed buying.
The domestic financial market opened higher with positivity from the opening of Shopping malls, Hotels and Restaurants outside the containment zones. Also, positive report of a surge in US employment declared on Friday helped in the upliftment of the stock market. But, sudden implementation of lockdown restrictions in European markets amid the spread of COVID-19 forced domestic equity market to lose early gains settling low.
Coronavirus vaccine is expected to release in September as confirmed by Specialists. Investors will be more cautious on the new reforms introduced by the Government, changes in world economies and performance of the stock market.
Top Gainers: S&P BSE Sensex and Nifty50
In the BSE market, Prime Focus topped the list with 20%. Followed by Alphageo, Compuage Info., Apex Frozen and Insilco rising by 20%, 19.99%, 19.99% and 19.98% respectively. In the NSE market, Zen Tech surged the most by 20%. Other gainers include Signet Industries, Ahluwalia, Swan Energy and GFL gaining 20%, 19.98%, 19.98% and 19.98% respectively.
On BSE Sensex index, IndusInd Bank gained the most by 6.89%. Other gainers in the list include Axis Bank, ONGC and Infosys surging by 6.18%, 4.60% and 2.39% respectively. On NSE Nifty50 index, GAIL rose the highest by 7.05%. Followed by BPCL, Bajaj Finance, Tata Motors and Wipro gaining 6.63%, 4.89%, 4.24% and 3.52% respectively.
Losers: S&P BSE Sensex and Nifty50
In the BSE market, Regency Investment drops the most by 19.86%. Further, Mitsui India, Gensol Engineer, Northern Spirit and Sarthak Metals lost around 11.78%, 11.07%, 10% and 9.95% respectively. In the NSE market, Filatex India lost the most by 8.50%. Other losers in the list include Exide Industries, Arihant Found, RKEX Projects and Wendt losing 8.35%, 7%, 6.76% and 6.76% respectively.
On BSE Sensex index, M&M dipped the highest by 2.73%. Other losers include Ultra Tech Cement, HDFC Bank, Nestle and ITC dropping 2.36%, 1.87%, 1.58% and 1.10% respectively. On NSE Nifty50 index, Zee Entertainment Ltd. slumped the highest by 4.44%. Followed by Shree Cements, Eicher Motors, Bharti Infratel and Cipla losing 4.11%, 3.43%, 2.56% and 2.43% respectively.
FII and DII
Foreign Institutional Investors invested an amount of INR 813.27 crores in the Indian financial market. They bought stocks of value INR 6081.97 crores and sold-off stocks of around INR 5268.7 crores during the session.
Domestic Institutional Investors bought stocks of around INR 4212.26 crores and sold-off stocks of value INR 5450.49 crores during the session. They took out a total of INR 1238.23 crores from the domestic financial market witnessing sharp selling during afternoon session booking profits.