NSE NIFTY50 and BSE SENSEX Regains Strength

BSE Sensex index traded 700 points higher to close at 34208 covering up some of the losses. NSE Nifty50 reclaims the 10000 crucial levels surging 210 points to end at 10091. Despite negative global sentiments and domestic border tensions, equity market regains strength. Rupee trades negative with rising crude prices.

Banking stocks helped the market stay in green after opening on a flat note. Supreme Court’s orders to allow extra time to the Department of Telecommunications(DOT) for reviewing the proposals by various telecom companies boosted banking index. Negative Fitch Rating could not degrade investors sentiments, and the economy stayed positive for a quick recovery amid rising Coronavirus cases. Analysts advise remaining cautious and Nifty50 to long for 10328 levels, after which it can look to move up beyond 10750.

Top Gainers: S&P BSE Sensex and Nifty50

In the BSE market, OM Metals Infra surged the highest to 20%. Other top gainers include Nectar Life, Orient Bell, Pondy Oxides and Birla Cable rising by 20%, 20%, 19.99% and 19.98% respectively. In NSE market, Birla Cable topped the list by 20%. Following that, Shanti Overseas, Skipper, Lokesh machines and Salzer Electro surge 20%, 20%, 20% and 19.99% respectively.

On BSE Sensex index, Bajaj Finance increased the most by 5.46%. Other gainers from the list include Kotak Mahindra, HDFC Bank, SBI and Tata Steel soaring 5.02%, 3.96%, 3.87% and 3.20% respectively. On NSE Nifty50 index, Bajaj Finserv topped the list by 7.75%. Subsequently, Coal India, Zee Entertainment, Vedanta and Axis Bank are rising by 6.30%, 5.70%, 4.80% and 4.06% respectively.

Losers: S&P BSE Sensex and Nifty50

In the BSE market, Prime Fresh topped the list by 20%. Other top losers include SBC Exports, Sinclairs Hotel, Chordia Food and Vipul Organics dropping by 7.90%, 7.44%, 7.33% and 6.45% respectively. In the NSE market, Dishman Carboge lost the most by 7.97%. Similarly, Cybertech, Zensar Tech, Guj Sidhee Cements and IGL dipping by 6.57%, 5.43%, 5.29% and 5.17% respectively.

On BSE Sensex index, ONGC lost the highest by 0.71%. Other losers include HUL, TCS, Bajaj Auto and Sun Pharma losing 0.63%, 0.53%, 0.43% and 0.35% respectively. On the other hand NSE Nifty50 index, ONGC slumped the most by 0.71%. Followed by TCS, Bharti Airtel, Maruti Suzuki and Nestle losing 0.47%, 0.45%, 0.21% and 0.12% respectively.


Foreign Institutional Investors invested a total of INR 366.57 crores in the domestic equity market tracking constructive run. Meanwhile, foreign investors bought a sum of INR 4918 crores and sold-off stocks of value INR 4551.43 crores making a positive impact in the stock market.

Domestic Institutional Investors bought stocks of value INR 3671.35 crores and sell-off a total of INR 2540.08 crores inducing a positive amount in the stock market. Further, local investors invested a total value of INR 1131.27 crores marking upliftment of economy and boosting stocks profit.

Leave a Reply

Get Verified Suppliers of Rice, Wheat, Dry Fruits, Pulses and Other Grains