The bull market continues with BSE Sensex surging by 595.37 points settling at 32200.59. Nifty closed at 175.15 points higher at 9490.10 crossing 9400-mark. Positive support from Banking, Auto and Metal indices helped financial market end 1.9% high.
A sharp buying continued in leading sectors covering up the derivatives expiry ahead in the month. In addition, the positive approach of the reopening of economies across the globe supported the gains. Sensex and Nifty50 closed with 1-month high.
Investors will be cautious by keeping a close eye on rising Coronavirus cases and its vaccine.
Top Gainers: BSE, NSE, Sensex and Nifty
In BSE, Premier Polyfil gained the most with 20%. Followed by Marg Techno Pro, Esab India, LG Balakrishnan and Lokesh Machines increasing 20%, 20%, 19.98% and 19.47% respectively. In the NSE market, ESAB India surged by 20%. Other gainers include LG Balakrishnan, Kothari Sugars and AMD Industries rising 19.87%, 19.74% and 19.72% respectively.
In BSE Sensex, L&T gained the most with 6.17%. Followed by Hero MotoCorp, IndusInd Bank, HDFC Bank and Tata Steel surging 5.52%, 4.95%, 4.56% and 2.50% respectively. On the Nifty 50 index, Zee Entertainment Ltd. rose 9.88%. Other gainers include Eicher Motors, L&T, Maruti Suzuki and Hindalco surging 8.48%, 6.42%, 4.27% and 3.83% respectively.
Losers: BSE, NSE, Sensex and Nifty
In BSE, Vaksons Auto was most affected by 14.29% and followed by Regency Investment, Innovative Idea and Dhabriya Poly losing 9.98%, 9.91% and 9.03% respectively. In NSE, Ugar Sugar Work lost the most share value by 5.79%. Other losers include Dynemic Product and Kokuyo Camlin dropping 5.41% and 5.07% respectively.
On BSE Sensex, only three stocks suffered losses. ITC, SBI and Bharti Airtel dipped 0.83%, 0.19% and 0.05% respectively. Other stocks closed in green. In the Nifty 50 index, Wipro affected the most with 0.94%. Other loss-making stocks included BPCL, Cipla, JSW Steel and SBI decreasing by 0.91%, 0.74%, 0.35% and 0.25% respectively.
FII and DII
Foreign Institutional Investors bought shares of around INR 8584.41 crores and sold shares of value INR 6230.37 crores. Foreign investors invested a net value of INR 2354.14 crores as an extra investment in the Indian financial market.
Domestic Institutional Investors bought shares of around INR 5044.02 crores during the session while sold shares of value INR 4899.19 crores. Domestic investors invested a net value of INR 144.83 crores for making profit.
Marking a strong domestic economy and stable Rupee against US Dollar, foreign and domestic investors have their hopes high about their investment in the equity market.