After Bell Market Wrap-up: 1st July 2021

1 Jul 2021  Read 1039 Views

“Calm after the storm” - a perfect line to describe today’s market. In contrast to yesterday’s roller-coaster, market enthusiasts witnessed a pretty boring stock market day today!

Most Asian markets opened lower, and it’s a no-brainer that the effect was seen on the Indian stock markets too. The Indian stock market opened on a decent note, with Nifty at 15,735 and Sensex up by 50 points. In the initial trading hours, the auto sector stocks witnessed great demand. Bitcoin and Dogecoin dropped by around 3% each, and Ethereum by about 0.26%.

Significant updates for the day

  • Share allotment of India Pesticides was finalized today.

  • As of June 30, Foreign institutional investors (FIIs) net sold shares worth Rs 1,646.66 crore, while domestic institutional investors (DIIs) net purchased shares worth Rs 1,520.18 crore in the Indian equity market.

  • The audited report of Vodafone Idea reveals that there is material uncertainty relating to the group’s ability to continue as a going concern, dependent on a few factors.

  • Zomato is all set to acquire about a 9.3% stake in Grofers.

  • Around ten companies, including Glenmark Life Sciences, Utkarsh Small Finance Bank & Vijaya Diagnostic Centre are lined up to release their IPOs in July. 

  • NALCO is under an F&O ban for the day.

Stocks in the news today

 

 

Quarterly results of companies

The Q4 results of a few companies that were released today are:

 

Index performance

Indices

Previous close

Closing price

Change %

Sensex 

52,482.71

52,318.60

-0.31%

Nifty 

15,721.50

15,680.00

-0.26%

Nifty bank

34,772.20

34,684.00

-0.25%

Nifty PSU bank

2,518.80

2,522.20

+0.13%

S&P BSE Midcap

22,535.95

22,494.14

-0.19%

S&P BSE 500

21,463.09

21,430.82

-0.15%

 

Top gainers and losers of the day

Vodafone Idea share prices witnessed a dip of around 9% after reporting a net loss of almost Rs.7,000 crore in the fourth quarter. India VIX drops by more than 1%. The stock price of Maruti Suzuki rose by almost  1% after the company reported a three-fold increase in its total sales. Jet Airways stock also dropped by 5% after reporting a net loss of Rs.153.35 crore.

Companies that gained the most today:

 

Companies that lost the most today:

 

Final words

It was a calm day for the market. The market closed in the red. Midcaps were down. Pharma and hospital sector stocks did pretty well today. Metal stocks did not perform well. Experts believe that the markets are just taking some time to revive from all the fluctuations that happened in the last couple of trading sessions. 

That’s it for today. See you tomorrow…

Happy Investing!

About the Author: Kaveri Iyer | 54 Post(s)

Kaveri is currently pursuing a Master of Commerce specializing in Applied Finance. the Varied areas of interest include finance, music, literature, psychology and metaphysics. She loves the art of storytelling and has an unquenchable thirst for knowledge.

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