Weekly Equities Report – 18 Jun 2021

It was a week that saw record closings of the major benchmarks but also a lot of resistance to sustain the month-long trend that pushed the volatility index 5% up. Adding to that was Federal Reserve’s interest rate update giving a mild jolt to all major indices across the globe.
For the week, Nifty50 ended a marginal 0.73% lower at 15683 and Sensex ended at 52344, a nominal 0.28% lower, signalling towards a likely sideways movement in the following week.
Among the sectors, FMCG and IT were the only ones to end the week with gains of 1.8% and 0.81% respectively whereas metals(-6.6%) and realty(-3.91%) were the top losers with auto, pharma, energy and PSU banks slipping 3-4% each.
In CNX500, TCNSBRANDS(15%) and RADICO(11%) gained the most whereas ADANITRANS and ATGL slipped 22.6% each.
In Nifty50, HUL(4.9%) and INFOSYS(3.9%) gained the most while ADANIPORTS(-17.3%) and COALINDIA(-10%) were the top losers.
SBICARD(116x) and KNRCON(46x) saw biggest jump in deliverable quantities over the week.
In the capital market segment, there was a 30% jump in overall value of trades by the FIIs and 40% dip in net purchases amounting to Rs.1060cr. The DIIs were again the net sellers this week of Rs.487cr worth of shares, almost 40% lesser than the previous week’s figure.