Daily Equities Report – 11 May 2021
The markets broke its four-day gaining streak as BSE Sensex settled 0.69% down at 49,161 and the broader Nifty 50 index settled at 14,850, down by 0.61% due to rising commodity prices and a fear of rising inflation globally, with CPI data due tomorrow.
In the Nifty50, Coal India and NTPC were the top gainers with 5.85% and 4.87% respectively. While JSW Steel (-3.38%) and Hindalco (-2.99%) were the top losers as metal stocks witnessed mild profit booking whereas NLC India, MMTC, KSCL and BHEL were the top gainers in the broader CNX 500 market gaining 11-19%. Intellect Design, Indiamart, Sun-Clay and Jindal Stainless lost most traction by losing 4-8%.
Ingersoll(13x) and Container Corp(7.5x) saw unusual spikes in their traded volumes. FII were net buyers, pumping in Rs. 583 cr. and DII pulled out a net amount of Rs. 476.0 cr.
India VIX fell by 1.98 percent from 20.22 to 19.83 levels, first time below the 20 mark since April 9th.
