Daily Equities Report – 4 Jun 2021

It was another day of roller-coaster ride in the market as volatility prevailed as MPC’s second bi-monthly policy review laid out its stance on policy rates, which remained unchanged as expected, owing to increasing stress on rural economic activity. Accordingly, GDP forecast has been trimmed to 9.5% for 2021-22.
At close, the Sensex was down 132 points(0.25%) at 52,100 and the Nifty was down 20 points(0.13%), at 15,670.
Among the indices, metals(1.35%) continued its bullish run along with media(1%). All the finance and bank stocks as well as FMCG ones ended the day in red, though none exceeding one percent.
In the CNX500, IBULHSGFIN(14.23%) and MAHABANK (13%) were the top gainers whereas NILKAMAL(-5.68%) and SIS(-3.6%) lost the most.
TATAMOTORS(3.42%) and GRASIM(3.3%) gained the most in the Nifty50 whereas NESTLEIND(-2%) and SBIN(-1.2%) were the top losers.
In the volume charts, SFL(24x) and UBL(20.4x) garnered most interest. In the deliverables list, ZYDUSWELL(14.9x) and AAVAS(7.7x) were bought the most.
FIIs continued their buying spree in the cash segment as they bought a net of Rs.1499cr and DIIs sold a net of Rs.1175cr.