The financial market recovered partly late in Monday’s session after dropping major but closed in the red. BSE Sensex ends the course in loss dropping 210 points to 34962 losing 35000 basic levels recovering from the drop of 509 points. Meanwhile, NSE Nifty50 closes at 10312 losing 71 points taking the market in the red.
Investors’ hopes were low with rising COVID-19 cases domestically and worldwide. World economies were clueless, and remaining emotions prevailed derailing the promises of a quick recovery. Indian states extend lockdown restrictions in some areas tracking a rapid rise in cases. A close follow-up of the global market will help domestic investors monitor market trends. Rupee rises against US Dollar marking positivity amid rising crude prices.
Top Gainers: S&P BSE Sensex and Nifty50
In the BSE market, Onward Tech surged the highest by 20%. Following that, Andhra Paper, HUDCO and Madison Metals increase by 19.98%, 19.93% and 18.33% respectively. Meanwhile, in the NSE market, Splendid Metal surged the highest by 25%. Other top gainers include Sakar Healthcare, Shekhawati Polymers and KSS gaining 20%, 16.67% and 14.29% respectively.
On BSE Sensex index, HDFC Bank rose the most by 1.97%. Other gainers include HUL, Kotak Mahindra and M&M gaining 1.30%, 1.27% and 1.17% respectively. On NSE Nifty50 index, Britannia topped the list by 1.82%. Subsequently, Cipla, Bharti Airtel, ITC and Sun Pharma rose by 1.58%, 1.20%, 1.05% and 0.43% respectively.
Losers: S&P BSE Sensex and Nifty50
In the BSE market, Omaxe lost the most by 20%. Successively, High Energy, DRA Consultants and Indo National dropped by 17.45%, 14.93% and 11.14% respectively. On the other hand, in the NSE market, Winsome Yarns dropped the highest by 20%. Other losers include Blue Chip, Bharat Forge and TPL Plastech dipping by 16.67%, 10.21% and 10.05% respectively.
On BSE Sensex index, Axis Bank lost the most by 4.78%. Other losers include Tech Mahindra, SBI, L&T and Infosys losing 3.47%, 2.87%, 2.65% and 2.23% respectively. On NSE Nifty50 index, Coal India lost by 5.10%. Alongside, Hindalco, BPCL, IndusInd Bank and IOC lost 3.44%, 2.62%, 2.55% and 2.30% respectively.
FII and DII
Foreign Institutional Investors took out a massive amount of INR 1937.06 crores from the domestic equity market tracking losses in week’s opening session. Further, they bought stocks of value INR 3964.64 crores and sold-off INR 5901.7 crores of shares making a dent in the market and making investors lose hopes.
Domestic Institutional Investors invested a total value of INR 1036.13 crores in the financial market, hoping for quick recovery and boost in the market. They induced amount of INR 4337.18 crores and disposed-off stocks of value INR 3301.05 crores making a positive investment.