Financial market regains the crucial levels to end the week high. BSE Sensex surged 329 points to close at 35171 reclaiming 35000 levels. While NSE Nifty50 ends higher at 10383 gaining 94 points nearing 10400 levels. Friday’s session marks a rise of around 1% with positivity coming back in the economy.
With rainfall exceeding than average, Rural market attracted attention with the rise in buying a share of oil companies. Equity market ends the session high after recovering the previous day’s losses. The rupee was seen volatile with trading low against the US Dollar index. Upliftment in hopes of the global market supported the domestic gains with bulls running the market. Buying action was seen in IT, Oil and Gas and Energy stocks while, FMCG, Healthcare and Auto sector market high selling.
Top Gainers: S&P BSE Sensex and Nifty50
In the BSE market, Inflame Appliances surged the highest by 20%. Other top gainers include Menon Bearings, Captain Pipes, UCO bank and High Energy rising 19.88%, 19.07%, 15.53% and 15.17% respectively. In the NSE market, Elgi Rubber topped the list by 20%. Following that, by KSS, Balaji Amines and Gayatri Highway also increased 16.67%, 15.03% and 14.29% respectively.
On BSE Sensex index, Infosys was on the top by 6.94%. Other gainers include TCS, IndusInd Bank, ONGC and L&T gaining 5.21%, 3.64%, 2.87% and 2.05% respectively. On NSE Nifty50 index, BPCL surged the most by 6.32%. Subsequently, IOC, Wipro, Hindalco and HDFC Bank rises 4.82%, 3.32%, 3.04% and 2.69% respectively.
Losers: S&P BSE Sensex and Nifty50
In the BSE market, Mesquita Engine dropped the highest by 20%. Other losers include Wheels, Umang Diaries, Mac Hotels and Rasi Electrodes losing 10.93%, 10%, 10% and 9.97% respectively. In the NSE market, Wheels dropped the most by 10.87%. Also, Somany Ceramics, Global Vectra, Insecticides and IWML lost by 7.65%, 7.32%, 7.12% and 6.73% respectively.
On BSE Sensex index, ITC dropped the most by 3.54%. Other losers include Bajaj Finance, Kotak Mahindra, Sun Pharma and M&M dipping by 3.33%, 3%, 1.58% and 1% respectively. On NSE Nifty index, Bharti Infratel slumps the highest by 3.44%. Meanwhile, Tata Motors, Bajaj Finserv, Vedanta and Titan Company also lost 2.31%, 1.24%, 1.17% and 1.17% respectively.
FII and DII
Foreign Institutional Investors took out an investment of INR 753.18 crores marking feeble market performance with uncertainty concerns. They bought a total of INR 4220.4 crores and sell-off stocks of value INR 4973.58 crores making a dent in the domestic equity market.
Domestic Institutional Investors invested a total amount of INR 1304.18 crores in the financial market, marking decisive market performance and hopes for quick recovery. They bought stocks of value INR 4763.5 crores and disposed of INR 3459.32 crores during the session marking positive investor sentiments.