Daily Equities Report – 8 Jun 2021

The markets adored green at the start of the day, but only to lose it within an hour. However, it was still very much volatile, but all in red.
Even amid the World Bank’s optimistic GDP projection of India, the markets failed to extend the green patch, Sensex closed the day 53 points(0.10%) lower at 52,275.57 while the Nifty settled with a negligible loss of 12 points(0.07%) at 15,740.
All the banks and finance indices ended in red along with the raging metal indices. IT lead the recovery as it gained 1.2%.
In the broader CNX500, PEL and ICIL gained 10.5% each whereas MAHABANK(-7.85%) and IBREALEST(-5.16%) were the top losers of the day. In the Nifty50, TATAMOTORS(3.18%) and TECHM(2.28%) were the top gainers while metal stocks lost the most, lead by HINDALCO(-1.77%) and TATASTEEL(-1.66%).
GREAVESCOT(11.8x) and PFIZER(10x) saw highest volume spikes while ABBOTINDIA(9.7x) was bought for delivery the most.
FIIs today bought a net of Rs.1422cr worth of securities whereas DIIs sold a net of Rs.1626cr worth of securities.