NSE NIFTY50 and BSE SENSEX Reclaims High Levels

Financial market defeating the 2-day losing streak picked up momentum to close in green reclaiming basic levels. BSE Sensex gains 498 points to close at 35414 regaining 35000 levels. NSE Nifty50 climbs 127 points to end the session at 10430 beyond the 10400 standards. Positivity in the global market, robust macro data and high GST collection reports uplifted the investor sentiments.

Benchmark indices showed positive data over economic recovery and stability amid rising Coronavirus cases. Banking index led the rally pulling the market in green. Investors hopes are high with the economy to emerge and prosper from one of the worst-hit periods of all time. However, the rapid rise in COVID-19 infections and lockdown extensions in many states and areas can hinder the recovery. Gains are being capped by fears of worse to hit the economy. Rupee loses against US Dollar index to settle low with rising crude prices.

Top Gainers: S&P BSE Sensex and Nifty50

In the BSE market, DRA Consultants topped the list by 20%. Other top gainers include Riddhi Steel, FIEM Industries and Nelcast gaining 20%, 18.97% and 17.33% respectively. In the NSE market, The Byke Hospitality attained the highest by 20%. Following that, Indian Hume Pipe Company, NRB Bearings and Kiri Industries rise by 17.23%, 15.47% and 14.58% respectively.

On BSE Sensex index, Axis Bank rose the highest by 6.58%. Other gainers include HDFC, Bajaj Finance, ITC and SBI rising by 4.59%, 4.43%, 4.16% and 3.59% respectively. On NSE Nifty50 index, Bajaj Finserv gained the highest by 5.55%. Subsequently, UPL, IndusInd Bank, ICICI Bank and Tata Motors gained 5.12%, 3.72%, 3.59% and 2.54% respectively.

Losers: S&P BSE Sensex and Nifty50

In the BSE market, Evans Electric dropped the most by 20%. Other losers include Aditya Consumer, Mesquita Engine and TGV Sraac dropping by 20%, 19.93% and 10.35% respectively. On the NSE market, Opal Luxury dipped the highest by 18.46%. Also, Gallant Ispat, Gayatri Highway and Transformers saw dipping by 10.43%, 10% and 9.81% respectively.

On BSE Sensex index, NTPC lost the most by 2.40%. Other top losers include Nestle, M&M, L&T and ONGC losing 2.23%, 2.18%, 2.10% and 1.11% respectively. On NSE Nifty50 index, M&M topped the list by 2.30%. Meanwhile, Cipla, Shree Cements, Britannia and Sun Pharma also lost 2.05%, 1.68%, 1.61% and 1.01% respectively.


Foreign Institutional Investors took out the total amount of INR 1696.45 crores from the domestic equity market, tracking low hopes of economic recovery. Foreign investors bought stocks of value INR 3629.77 crores and sell-off INR 5326.22 crores of shares during the session, making a negative impact on the investors.

Domestic Institutional Investors invested INR 1377.13 crores in the financial market, making a positive impact and keeping hopes high. Local investors bought stocks of value INR 3669.48 and disposed-off INR 2292.35 crores during the session uplifting the economy and tracking decisive equity run.

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