Tracking a mute start in the domestic financial market, it witnesses a drop taking cues from the global scenario. BSE Sensex falls 143 points to close at 36594, and NSE Nifty50 ends 45 points lower at 10768 losing 10800 high levels. Rising tension in the global market with reinstating lockdown measures in the United States have created a lousy start lowering recovery hopes.
The market continues the volatile session ending the week’s last meeting with negative numbers. Investors booked profits at high levels with fears of losing money, lowering the market sentiments. However, this week proved to be very successful for Indian traders registering a growth of more than 1.5%. This weekly gain took off mainly by liquidity and high hopes of COVID-19 infections to be over soon with economies coming to normal. Investors are advised to be cautious and remain stock-specific as recent volatility will hinder the rising stock values. Rupee loses further grounds against US Dollar amid dropping crude prices.
Top Gainers: S&P BSE Sensex and Nifty50
In the BSE market, Paisalo Digital surged the highest by 20%. Other top gainers include Tyche Industries, Kuantum Papers and SMS Pharma swelling by 19.58%, 17.36% and 13.32% respectively. In the NSE market, Inspirisys Solutions rises the most by 19.96%. Following that, by Poly Medicure, IOL Chemicals and Shiv Aum Steels rose by 12.39%, 11.53% and 8% respectively.
The BSE Sensex index, nine stocks remained in the gaining list. Reliance Industries topped the list by 2.95%. Other gainers include Sun Pharma, HUL, Bharti Airtel and Nestle increasing by 2.36%, 2.22%, 1.03% and 0.47% respectively. In NSE Nifty50 index, Reliance was the top gainer by 2.95%. Subsequently, Britannia, TCS, Coal India and Dr Reddy Laboratories gained by 1.44%, 0.82%, 0.61% and 0.23% respectively.
Losers: S&P BSE Sensex and Nifty50
In the BSE market, Synergy Green Industries loses the most by 14.80%. Other top losers include Gensol Engineer, Captain Pipes and Kamat Hotels dropping by 10.96%, 9.85% and 7.48% respectively. In the NSE market, KSS slips the highest by 12.50%. Alongside, Ramky Infra, TCPL Packaging and Oricon Enterprises dipped by 8.98%, 8.30% and 6.65% respectively.
On BSE Sensex index, Axis Bank drops the most by 3.14%. Other losers include Titan Company, ICICI Bank, HDFC Bank and Tech Mahindra dropping by 3.01%, 2.75%, 1.81% and 1.40% respectively. On NSE Nifty50 index, IndusInd Bank tops the losing list by 3.11%. Following that GAIL, Bharti Infratel, Shree Cements and Vedanta lost by 2.98%, 2.56%, 2.23% and 1.47% respectively.
FII and DII
Foreign Institutional Investors pulled out a massive amount of INR 1031 crores from the domestic equity market. During the session, foreign investors bought stocks of value INR 2489.45 crores and sell-off INR 3520.45 crores worth of shares making a negative impact. A weak equity performance weighed on investor sentiments dragging it low.
Domestic Institutional Investors brought INR 2777.56 crores and disposed-off stocks of value INR 3208.77 crores during the session. Local investors took out a total of INR 431.21 crores tracking weak global cues weighing on the domestic market.