After Bell Market Wrap-up: 13th July 2021

13 Jul 2021  Read 607 Views

Following favourable economic outcomes and positive sentiments in the Asian markets, domestic markets traded in the green today. The Asian shares sparked a rally after Chinese economic data exceeded investor’s expectations. The BSE Sensex closed 397 points or 0.76 per cent higher at 52,769.73, while the Nifty ended with a gain of around 120 points or 0.76 per cent at 15,812.35.

A snippet of the markets today

  • SML Isuzu share price jumps 14% and hits a new 52-week high as Navodya Enterprises bought 1,26,429 equity shares in the company at Rs 584.6 per share on the NSE.

  • Ramkrishna Forgings share price at a new 52-week high after the company bagged a multi-year order from a European OEM worth EUR 15 million.

  • Jana Small Finance Bank has received the markets regulator’s go-ahead to raise funds through an initial public offering (IPO), comprising fresh issuance of equity shares worth ₹700 crores and an offer for sale of up to 92,53,659 shares.

  • Hybrid funds (are mutual fund schemes that typically invest in a combination of equity and debt securities) are getting traction from investors with such instruments witnessing a net inflow of ₹27,220 crores in three months ended June.

Stocks in the news

  • Reliance Industries has invested ₹1,00,000 in cash in 10,000 equity shares in the newly formed Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary, the company.

  • Ola Electric Mobility Pvt. Ltd, the electric vehicle (EV) arm of Ola, is raising $100 million from the state-run Bank of Baroda to partly finance the first phase of construction of the world’s largest electric two-wheeler factory.

  • Paytm’s parent One97 Communications Ltd (OCL) is in talks with several institutional investors and sovereign funds to raise $268 million ahead of its planned public listing on the domestic exchanges by November.

Quarterly results of companies

 

Index Performance

Indices

Closing price

Change %

Sensex 

52,769.73

+0.76%

Nifty 50

15,812.35

+0.76%

Nifty Bank

35,673.40

+1.35%

Nifty Realty

380.80

+0.38%

Nifty FMCG

36,110.30

-0.18%

Nifty Metal

5,295.60

+0.63%

Nifty Pharma

14,460.05

+0.61%

 

Top gainers of the day

Here’re a few companies that gained the most today:

(Source: Ticker Top Gainers)

Top losers of the day

Here’re a few companies that lost the most today:

(Source: Ticker Top Losers)

Wrapping up...

With a boost from Banking and Financials, Indian Indices ended higher on Tuesday, following a rally in Asian peers. Also, according to the government data released on Monday, the Indian retail inflation has eased slightly to 6.26 per cent in June but still has stayed above the Reserve Bank's tolerance range (2 -6%) for the second straight month.

In the crypto market, the prices continue to be in red. Although over the last day, the total crypto market volume saw an increase of 18.87%, the global cryptocurrency market cap saw a decline of around 3%. 

That’s it for today. See you tomorrow...

Happy Investing!

About the Author: Ishan Goyal | 14 Post(s)

Ishan Goyal has pursued BBA from ITM University, Raipur, with a finance & marketing specialisation. He was also Founder & Director of a start-up "Tac Cabs". Apart from being a financial enthusiast, he likes to explore new subject areas and has also got a certification in Digital Marketing & is aiming to be a Financial Analyst.

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