Sensex tanked by 242.37 points to settle at INR 31443.38, while Nifty failed to hold 9200 mark dropping by 71.85 points to INR 9199.05. Stocks that lost value today included ONGC, NTPC, Bharti Airtel and HDFC Bank.
Today’s market saw bears to be prominent, ending the session in red falling around 0.78%. All the sectors were down while the Midcap Index dropped by 0.5%, the Smallcap Index ended flat.
More and more shares were dumped in the afternoon session, as Coronavirus cases crossed 56000 today.
Top Gainers- Sensex and Nifty
Infratel was the top gainer today with surging by 7.15%. Other gainers included IndusInd Bank, Adani Ports, M&M and Reliance, registering an increase of 6.58%, 4.39%, 3.68% and 3.51% respectively in their stock value.
Reliance Industries jumped by over 3%, helping the market gain momentum. Yes Bank shares surged 20% during intraday due to high 4th quarter profits as compared to the previous year. Media, public sector banks and metal sectors marked a growth while other sectors ended declined.
Losers- Sensex and Nifty
NTPC dropped the most in today’s session dropping by 4.33%, followed by BPCL, ONGC, Kotak Bank and GAIL falling by 4.25%, 4.16%, 3.69% and 3.59% respectively. Other shares that ended in red today were Bharti Airtel, Titan, UPL and Zee Entertainment Ltd that fell around 3%.
Today’s market saw a steep decline in stocks of HDFC and Kotak bank. Also, the increasing cases of Coronavirus across the country created negative sentiment all around.
Foreign Institutional Investors marked a significant hike in investment in the Indian equity market as stocks worth INR 23369.82 crores were bought and 4314.33 crores sold in intraday. Foreign investors invested a net value of INR 19056.49 crores in the Indian market.
Domestic Institutional Investors saw an increase of INR 3818.41 crores of investment in today’s session. Shares of value INR 7050.9 crores bought while stocks worth INR 3232.49 crores sold today.
Today marked a great increase of investment in Indian equity market from foreign as well as domestic investors as lockdown restrictions ease throughout India. Investors’ sentiments turned positive on future outlook.