Daily Equities Report – 8 Jul 2021

Markets snapped the green shoots in a big way today as benchmark indices fell nearly one percent each, owing much  to the weakness in the Asian markets following the Chinese tech crackdown and a cut in India’s GDP growth forecast.
At close, the Sensex was 486 points(0.92%), down at 52,569 while the Nifty50 was 152 points(0.96%), down at 15,728.
Among the sectors, only Nifty IT could end the day with gains, though marginally, of 0.05%. Metals(-2.2%) and PSU banks(-2%) contributed the most to the day’s losses.
In CNX500, TASTYBITE(13.3%) and JUSTDIAL(7.5%) gained the most whereas HINDPETRO(-7.3%) and UJJIVANSFB(-4.3%) were the top losers.
In Nifty50, TECHM(1.4%) and SBILIFE(0.9%) gained the most while, TATAMOTORS(-3.45%) and JSWSTEEL(-3.1%) were the top losers.
In the volume charts, TASTYBITE(26.5x) and WESTLIFE(26.1x) garnered the most interest as well as the two saw the highest deliverables change accompanied by NH(14x) and CESC(9.5x).
Both, FIIs and DIIs, were the net sellers of Rs.555cr and Rs.949cr worth of shares.