NSE NIFTY50 and BSE SENSEX Continues Losses

BSE Sensex index slumps 552.09 points to 33228.80. Nifty 50 index drops to 9813.70 losing 159.20 points. Meanwhile, the equity market took off the 3rd week of June on a negative note continuing the last week’s losing streak by 1.7%. The current market conditions globally impacted the fall. After trading positive in the previous three weeks, global markets start to fear the new rising Coronavirus cases. Rupee strengthens today following a weak US Dollar index.

2nd wave of Coronavirus is expected to hit major parts of the USA and Japan. In India, cases are rising at an average pace of 11000 per day crossing 330000 till now. People are expecting lockdown restrictions to impose again in fear of increasing incidents of Coronavirus. Banking and financial stocks which are primary market driving factors are losing momentum. Nifty Bank drops 3.6% and Financial services stocks fell by 2.9%.  

Top Gainers: S&P BSE Sensex and Nifty50

In the BSE market, Mastek gained the highest by 19.99%. Other gainers include TPL Plastech, Alembic, GPT Infra and Bank of India rising by 19.94%, 19.74%, 19.09% and 18.14% respectively. In the NSE market, GPT Infra rose the highest by 19.96%. Followed by Bank of India, Geojit Fin, Hi-tech Pipes and Lokesh Machines surging 18.01%, 16.67%, 15.89% and 13.14% respectively.

On BSE Sensex index, four stocks surged in today’s market. Reliance Industries surged by 1.65%. Followed by HCL Tech, Sun Pharma and ONGC rose by 1.22%, 1.18% and 0.18% respectively. On NSE Nifty50 index, Gail topped the list by 3.43%. Followed by Wipro, Reliance, Dr Reddy Labs and Cipla increasing by 2.84%, 1.62%, 0.11% and 0.01% respectively.

Losers: S&P BSE Sensex and Nifty50

In the BSE market, Regency Investments dropped the highest by 14.02%. Other losers include Vimta labs, Nahar Capital, Sumedha Fiscal and JTEKT India losing by 13.81%, 11.55%, 10.20% and 9.94% respectively. In the NSE market, Vimta Labs lost the most by 13.44%. Further, following this IOL Chemicals, Gujarat Apollo, Signet Industries and BHEL dropping by 9.24%, 8.64%, 8.22% and 7.32% respectively.

On BSE Sensex index, IndusInd Bank is at the top of the list by 7.27%. Other losers include Axis Bank, ICICI Bank, NTPC and ITC dipping by 4.55%, 3.88%, 3.87% and 3.51% respectively. In case of NSE Nifty50 index, Tata Motors slumps the most by 4.56%. Followed by Bajaj Finance, Tata Steel and BPCL and HDFC Bank losing 4.03%, 3.59%, 3.45% and 3.35% respectively.


Foreign Institutional Investors bought stocks of value INR 3247.57 crores and during the session sell-off a total of INR 6207.9 crores. Foreign investors took out a net value of INR 2960.33 crores tracking continuous losses in the domestic equity market and uncertainty.

Domestic Institutional Investors invested a net value of INR 1076.38 crores in the equity market tracking positivity and excellent performance amid rising Coronavirus cases. During the session, Stocks of value INR 3826.07 crores were bought, and a total of INR 2749.69 crores were sold-off.

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