BSE Sensex index trades positive nearing the 36000 points surging 519 points to end at 35430. While Nifty50 crosses 10400 and aims for 10500 levels by gaining 159 points to close higher at 10471. Today’s market witnessed a powerful rally after opening on a flat note and picking up momentum for achieving the last session’s target.
Steady hold of global economies and de-engagement on LAC supported the bulls to pull the rally to reach new targets. Positive assurance from US President on US-China trade deal helped the investors’ sentiments stay put. An even spread of liquidity in the domestic market across sectors with positive sync in global markets backed the gains. Investors were optimistic on de-engagement over India-China border and introduction of COVID-19 vaccine to battle fast pace rising Coronavirus cases.
Top Gainers: S&P BSE Sensex and Nifty50
In the BSE market, Rane Holdings surged the highest by 20%. Other top gainers include Rane Brake, Astec Life, JBM Auto and Oswal Agro rising by 19.99%, 19.99%, 19.98% and 19.96% respectively. In the NSE market, Skipper topped the list by 20%. Followed by Rane Madras, Indo National, Chennai petro and Nitin Spinners gaining 20%, 19.99%, 19.99% and 17.49% respectively.
On BSE Sensex index, L&T reached the highest by 6.68%. Followed by Bajaj Finance, IndusInd Bank, NTPC and M&M soaring 6.54%, 6.29%, 5.83% and 3.52% respectively. On NSE Nifty50 index, Bajaj Finance topped the list by 6.52%. Other gainers include Hindalco, Power Grid Corporation, Bharti Infratel and Shree Cements 5.50%, 4.96%, 4.26% and 3.35% respectively.
Losers: S&P BSE Sensex and Nifty50
In the BSE market, GKP Printing lost the most today by 20%. Following that, by Banaras Beads, Dolfin Rubbers, SMS Life science and Ansal Buildwell losing 9.21%, 8.28%, 7.67% and 7.29% respectively. In the NSE market, Worth Peripheral dipped the most by 8.03%. Other losers include Morepen Laboratories, Glenmark, Orient Bells and Jump Networks dropping by 7.04%, 6.69%, 6.67% and 5.92% respectively.
On BSE Sensex index, three stocks lost in today’s session with Reliance, Bharti Airtel and Maruti Suzuki slipping by 1.55%, 0.36% and 0.20% respectively. On the other hand, on NSE Nifty50 index, four stocks were in the losing section, led by Reliance Industries by 1.45%. Other stocks include Bharti Airtel, Maruti Suzuki and Vedanta losing 0.39%, 0.16% and 0.05% respectively.
FII and DII
Foreign Institutional Investors bought stocks of value INR 23234.73 crores and sell-off stocks of value INR 23065.77 crores marking positive increment in foreign funds. Further, the total amount of INR 168.96 crores was invested in domestic equity market supporting the gains and strong rally.
Domestic Institutional Investors invested a total of INR 454.48 crores in the equity market, tracking strong performance and upliftment in the economy. Meanwhile, in today’s session, stocks of value INR 4753.26 crores were bought, and a lump-sum amount of INR 4298.78 crores was disposed of making a positive investment.