BSE Sensex and Nifty50 Pared Initial Gains

Financial market loses initial gains to close in red tracking weak global market sentiments. BSE Sensex drops 45 points to end at 34915 losing the early benefits. NSE Nifty50 closes 10 points lower at 10302 holdings 10300 levels. Extension of lockdown restrictions posed by some states affected investor sentiments dragging the market down.

With a positive opening and right intraday rally, stocks could not hold momentum, giving up gains with negative bias. The continuation of rising COVID-19 cases and lockdown extensions derailed hopes for economic recovery. Also, uncertainty over PM’s announcement to the nation and weak global sentiments could not support the equity market. Rupee settles flat against US Dollar index with dropping crude prices.

Top Gainers: S&P BSE Sensex and Nifty50

In the BSE market, Mayur Uniquoter topped the list by 20%. Other top gainers include Banaras Beads, Humming Bird and DRA Consultants rising by 19.97%, 19.87% and 19.16% respectively. In the NSE market, Sakar Healthcare increases the highest by 19.97%. Following that, SPL Industries, Sharda Motor and KSS gain 19.89%, 15.93% and 12.50% respectively.

On BSE Sensex index, Maruti Suzuki tops the list by 2.77%. Other gainers include Nestle, ICICI Bank, Hero Moto Corp and NTPC increasing by 2.63%, 2.42%, 1.73% and 1% respectively. On NSE Nifty50 index, Shree Cements gained the highest by 3.17%. Subsequently, Britannia, Ultra tech Cement, Eicher Motors and HDFC gain 2.40%, 2.27%, 1.22% and 0.78% respectively.

Losers: S&P BSE Sensex and Nifty50

In the BSE market, Aditya Consumer lost the most by 20%. Other losers include Omaxe, Rama Phosphates and Diana Tea losing 19.98%, 14.11% and 12.83% respectively. In the NSE market, Omaxe dropped the highest by 19.98%. Meanwhile, Central Bank, BGR Energy and Xpro India saw dipping by 11.36%, 11.34% and 9.91% respectively.

On BSE Sensex index, Power Grid Corp dropped the most by 1.88%. Other losers include Sun Pharma, Bharti Airtel, ITC and Reliance Industries dropping by 1.84%, 1.34%, 1.32% and 1.15% respectively. On NSE Nifty50 index, BPCL slumps the highest by 2.44%. Also, IOC, UPL, Coal India and Vedanta declined by 2.01%, 1.55%, 1.48% and 1.44% respectively.


Foreign Institutional Investors took out a considerable amount of INR 2000.08 crores from the domestic equity market, making a dent and lowering hopes. Further, Foreign investors bought stocks of value INR 4796.39 crores and sell-off INR 6796.47 crores making a negative impact.

Domestic Institutional Investors invested a lump-sum amount of INR 2051.31 crores raising high hopes and making a positive impact. Also, Local investors bought stocks of value INR 5247.06 crores and disposed-off INR 3195.75 crores value of shares hoping for quick recovery.

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