The bulls continuing the previous intense session, took control of the market pushing to reach higher levels performing the best in 4 months. BSE Sensex ends with a gain of 429 points to 35843 rising above 35000 levels during the session. The NSE Nifty50 climbs 121 points to close at 10551 rising above the 10500 basic levels. Marking positive cues from global markets, the domestic financial market zoomed higher supported by successful trial reports of COVID-19 vaccine.
Global markets are keenly awaiting the US employment figures to be out late on Thursday. For noticing the employment progress and its impact on global economic growth and welfare. Indian market rallied high with supports from IT and Auto sectors. And also positive trials of Pfizer showing potential human healing trials against Coronavirus. The market buoyed more than 1% tracking a significant jump since March. Rupee rises 81 paise against weak US Dollar gaining massive over positivity amid rising crude prices.
Top Gainers: S&P BSE Sensex and Nifty50
In the BSE market, Oriental Aromatics Ltd. surged the highest by 20%. Other top gainers include Patel Engineering, Zenith Fibres and Banco products rising by 19.97%, 19.61% and 16.30% respectively. In the NSE market, Shanti Overseas reached the highest by 19.94%. Followed by Lakshmi Finance, Kingfa Science & Technology and Orient Abrasive touching 19.93%, 15.35% and 13.58% respectively.
On BSE Sensex index, M&M topped the list by 6.05%. Other gainers include Hero Moto Corp, Titan Company, Tata Steel and HDFC rising by 4.93%, 3.98%, 3.43% and 2.95% respectively. On NSE Nifty50 index, M&M surges the highest by 6.16%. Following that Infosys, HCL Tech, IOC and Tech Mahindra rose 3.37%, 3.16%, 3.15% and 2.74% respectively.
Losers: S&P BSE Sensex and Nifty50
In the BSE market, Misquita Engine dropped the most by 20%. Other top losers include Faze Three Exports, Cybermate Infotek and Aditya Consumer losing 10.76%, 10% and 9.77% respectively. In the NSE market, Gayatri Highway lost the most by 11.11%. Subsequently, Omaxe, Karuturi Global and FCS Software dropped by 10%, 9.09% and 7.14% respectively.
On BSE Sensex index, a total of 8 stocks declined while the rest gained. Axis Bank slumps the highest by 2.24%. Other losers include HUL, Kotak Mahindra, ICICI Bank and Nestle losing 0.85%, 0.35%, 0.34% and 0.18% respectively. On NSE Nifty50 index, Vedanta lost the most by 1.21%. Also, UPL, Zee Entertainment, Britannia and NTPC dropped by 1.01%, 0.57%, 0.31% and 0.21% respectively.
FII and DII
Foreign Institutional Investors ended the session with a negative note. They took out a net value of INR 556.72 crores from the domestic equity market. Foreign investors bought stocks of value INR 4054.33 crores and sell-off INR 4611.05 crores worth of shares in a single session lowering the hopes for recovery despite decisive rally.
Domestic Institutional Investors bought stocks of value INR 5134.57 crores and disposed-off INR 4225.93 crores making a decisive rally and uplifting the local sentiments. A net value of INR 908.64 crores was invested in Thursday’s session support from a crucial run of the equity market.