Positivity in 19th June’s session uplifted investors’ sentiments pushing the indices above basic levels. BSE Sensex index closed with a surge of 564 points at 34772 near the 35000 marks. NSE Nifty50 closes at 10257 rising 168 points reclaiming the 10200 fundamental levels. Rupee appreciates tracking weak US Dollar amid rising crude prices.
Positive global rally and smart market capitalization of Reliance above 11 lakh crores helped the market to a great took-off and ending on a positive note. Escalation of geopolitical issues between India and China and rapidly increasing Coronavirus cases were ignored by the investors to gain momentum. Sector-wise, buying was seen in Energy, Telecom and Realty while IT and Metal sectors witnessed selling. Volatility could be experienced in the market, and investors receive advice to look out for the same. Analysts advise booking profits if Nifty50 fails to touch 10328 the next week.
Top Gainers: S&P BSE Sensex and Nifty50
In the BSE market, Indiabulls Housing surged the highest by 31.75% on Friday. Other top gainers include Godavari Drugs, HIL and Banaras Beads rising by 20%, 19.99% and 19.97% respectively. In the NSE market, Zee Learning was at the top with 20%. Followed by AMJ Land, Red Infra and Jumps Network rising 20%, 19.99% and 19.34% respectively.
On BSE Sensex index, Bajaj Finance topped the list by 6.74%. Following that, Reliance Industries, Maruti Suzuki, Axis Bank and Asian Paints surges by 6.23%, 3.19%, 2.86% and 1.46% respectively. On NSE Nifty50 index, Bajaj Finserv was at the top with 8.70%. Other gainers include Tata Motors, Bharti Infratel, Power Grid Corporation and BPCL soaring by 6.38%, 4.56%, 3.60% and 2.78% respectively.
Losers: S&P BSE Sensex and Nifty50
In the BSE market, Prime Fresh was the top loser with 20%. Other top losers include Mac Hotels, Megastar Foods and Sarthak Metals losing 20%, 14.91% and 9.95% respectively. Meanwhile, in the NSE market, Morepan Laboratories dropped the most by 9.95%. Following that, Confidence Petro, DCW and City Union Bank lost 8.99%, 7.55% and 7.09% respectively.
On BSE Sensex index, IndusInd Bank dropped the highest by 2.94%. Followed by ITC, M&M, HDFC and Hero Moto Corporation 1.37%, 1.35%, 0.87% and 0.51% respectively. On the other hand, on the NSE Nifty50 index, IndusInd Bank slumped the most by 3.11%. Other top losers include Vedanta, HCL Tech, Infosys and Cipla losing 1.64%, 1.61%, 1.17% and 0.91% respectively.
FII and DII
Foreign Institutional Investors acquired stocks of value INR 14764.29 crores the highest in the month and sold-off a total of INR 13527.29 crores. Also, foreign investors invested a total amount of INR 1237 crores in the domestic equity market, bringing back positivity from last couple sessions.
Domestic Institutional Investors opted out a total of INR 880.66 crores from the equity market, hoping negative returns in future amid positive performance. Further, the local investors in Friday’s session bought stocks of value INR 6511.56 crores and sell-off a total of INR 7392.22 crores stocks.