Sensex crossed 34000 mark to close at 34287 surging 306 points. Nifty50 goes past 10000 levels to gain 113 points settling at 10142. This week, BSE Sensex and NSE Nifty50 were up by 5.7% and 5.8% respectively, with bulls pushing the market high.
Global markets closed high amid the rising Coronavirus cases and support from the European Central Bank to introduce stimulus for boosting the economy. A sharp buying was seen in Metals, Banking and Telecom sector, while IT and FMCG stocks witnessed selling. Banking sector makes a strong comeback against yesterday’s drop with positive sentiments prevailing in the market. The domestic financial market can be seen volatile for the next week for investors as projected by analysts.
Top Gainers: S&P BSE Sensex and Nifty50
In the BSE market, Vodafone India topped the list with 21.90%. Other gainers include Polson, Vardhman Steels, Alphageo and BF Investment rising by 20%, 20%, 19.99% and 19.99% respectively. In the NSE market, Hexaware Tech surged the most by 20%. Further, Gabriel India, Nahar Poly Film, Royal Orchid and Liberty Shoes surged by 19.99%, 19.98%, 19.96% and 19.96% respectively.
On BSE Sensex index, SBI gained the most by 7.90%. Followed by Tata Steel, HDFC Bank and ICICI Bank rising by 6%, 3.14% and 2.70% respectively. On NSE Nifty50 index, Tata Motors topped the list by 12.44%. Other gainers include Bharti Infratel, Hindalco, UPL and Grasim surging by 7.93%, 4.63%, 4.11% and 3.64% respectively.
Losers: S&P BSE Sensex and Nifty50
In the BSE market, Lex Nimble Solutions dipped the most by 11.11%. Further, Innovative Idea, Mysore Petro, Sacheta Metals and GeeCee Ventures fell by 10%, 9.02%, 8.07% and 6.78% respectively. In the NSE market, Atlas Cycles dropped the most by 4.99%. Other losers include Global Education, Kothari Product, Welspun Invest and Total transport declining by 4.96%, 4.95%, 4.94% and 4.90% respectively.
On BSE Sensex index, TCS affected the most by 2.19%. Other losers include HUL, Bajaj Auto, Infosys and Nestle dropping by 1.56%, 1.48%, 0.57% and 0.57% respectively. On NSE Nifty50 index, TCS lost the most by 2.07%. Further, Cipla, Infosys, HCL Tech, Tech Mahindra lost sen1.46%, 0.59%, 0.52% and 0.39% respectively.
FII and DII
Foreign Institutional Investors invested a net value of INR 97.61 crores tracking positivity in the Indian financial market. During the session, a total of INR 4585.79 crores were bought and INR 4488.18 crores were sold-off intraday.
Domestic Institutional Investors bought shares of value INR 3539.03 crores and sold-off shares of value INR 3491.74 crores during the session. They invested a net amount of INR 47.29 crores marking positivity in the financial market.
Introduction of foreign funds in Indian equity market projects a good sign after the announcement of reopening of the domestic economy in phases.