Monthly Equities Report – 31 May 2021

After touching their all-time highs in mid-February, Sensex and Nifty moved in a lacklustre manner till the second week of May, the time when COIVD numbers saw a gradual decline across the country with new vaccines getting approved and imported into India. For the month of May, Sensex and Nifty gained 6.5% each with PSU banks leading the way with a whopping 18% gains, followed by Nifty media(13.79%).
Among the top gainers of the month in CNX500 were ANGELBRKG, aided by positive Q4 results, that doubled investors’ wealth with a 104% steep spike, followed by TCIEXP, LUXIND and HFCL, all of which gained 63% each. SWSOLAR(-24.7%) and VAKRANGEE(-17.7%) lost the most.
In the Nifty50, UPL(34%) and IOC(22.2%) and a host of PSUs were the top gainers. YES(-8.78%) bank and HUL(-2.76%) were the top losers.
Coming to the FII data of the month, gross purchases and sales were both up 25% from the previous month and ended with selling a net of Rs.6015 cr worth of shares, about half that of April’s. In the case with DIIs, the gross value of transactions was marginally up, but they bought a net of Rs.2067 cr worth of shares, less than 20% of April’s figures.