Daily Equities Report – 29 Jul 2021

The markets have once again made an upward movement post significant losses, like it has been happening for nearly two months. Fuelled by China’s decision to hike tariffs on steel exports and US Federal Reserve kept interest rates unchanged, the metal sector lead the recovery today as also indicated by momentum indicators that were in the oversold zone. At close, the Sensex was up 209 points(0.4%), at 52,653 and the Nifty was up 69 points(0.44%), at 15,779.
Among the sectors, Nifty metals(5%) and PSU banks(3.25%) topped the charts whereas, FMCG(-1%) and auto(-0.44%) witnessed the most losses.
In CNX500, SWANENERGY(19.7%) and VMART(13.8%) gained the most while, INTELLECT(-5.3%) and PRSMJOHNSN(-5.1%) were the top losers.
In Nifty50, HINDALCO(10.2%) and TATASTEEL(6.8%) gained the most whereas MARUTI(-2.3%) and POWERGRID(-2.1%) were the top losers.
In the volume charts, SHOPERSTOP(27.3x) and SWANENERGY(26.8x) drew the most attention as well witnessed the highest deliverable changes, lead by EMAMILTD(19.8x).
FIIs were again the net sellers of Rs.866cr worth of shares while DIIs continued to buy with further purchase of Rs.2047cr worth of shares