Sensex rebounded from low of 656.72 points to settle at 32424.10 surging 223.51 points. After rallying between 9598.85 and 9376.90, Nifty finally crossing 9500 levels surging by 90.20 points to 9580.30. The market witnessed a volatile session gaining 0.95%.
FMCG, Auto, Pharma and Metal stocks tracked massive buying with Banking sector surging 0.7%. After trading in red for a long time, bulls overpowered investor sentiments pulling the market to end positively. Besides, investors are actively waiting for US President’s reaction to China’s move over Hong Kong security law.
The financial market saw positive run this week recovering the market from losses.
Top Gainers: BSE, NSE, Sensex and Nifty
In the BSE market, Lykis gained the most with 17.84%. Followed by Aditya Consumer, Danlaw Tech, Tayo Rolls surging 16.42%, 16.15% and 16.08% respectively. In the NSE market, Beta Drugs was the top gainer with 14.89%. Further, stocks of Ador Welding, Prime Focus, HIL and Symphony Ltd increasing by 13.34%, 12.77%, 10.37% and 10% respectively.
On Sensex index, ONGC gained the most by 5.52%. Other gainers include Bajaj Auto, ITC, L&T and Nestle soaring 4.43%, 3.62%, 3.24% and 3.24% respectively. On the Nifty 50 index, IOC leads by 7.08%. Followed by Wipro, Coal India, BPCL and Dr Reddy’s Laboratories soaring 6.75%, 5.53%, 5.01% and 4.72% respectively.
Losers: BSE, NSE, Sensex and Nifty
In the BSE market, Deep Polymers lost the most by 19.10%. Followed by Megastar Foods, Kemistar Corporation and Anjani Cement dropping 18.49%, 11.43% and 9.99% respectively. In the NSE market, Anjani Cements dipped the most by 9.34%. Further stocks of Pashupati Cotspin, Vinyl Chemicals and Ramco System dropped by 9.08%, 8.06% and 6.58% respectively.
On BSE Sensex, Infosys dropped the most 2.25%. Other losers include Axis Bank, Bharti Airtel, TCS and M&M losing 1.96%, 1.83%, 1.68% and 0.83% respectively. On Nifty50 index, Adani Ports lost the most in Fridays’ session by 2.41%. Further Infosys, Titan Company and Kotak Mahindra fell by 2.32%, 1.05%, and 0.44% respectively.
FII and DII
Foreign Institutional Investors invested a considerable amount in Indian financial market buying stocks of value 25389.42 crores. Shares of value INR 23928.71 crores were sold during the session, making a net investment of INR 1460.71 crores.
Domestic Institutional Investors bought stocks of value INR 8144.45 crores and sold shares of value INR 7177.02 crores. Domestic investors invested a net value of INR 967.43 crores in the Indian financial market.
The afternoon session witnessed a bulk investment by foreign investors that helped the Indian financial market grow and end positively. In addition, Investors will keenly track new economic developments and Coronavirus cases.