After Bell Market Wrap-up: 16th June, 2021

16 Jun 2021  Read 275 Views

Hey! We are back with our market updates for the day! 

In the global markets, a tiny action of the footballer Ronaldo dropped the share price of Coca Cola by 1.6%. This is followed by the surge of bitcoin prices that happened after Elon Musk's tweets supporting it a while ago. Individuals like these do have a huge impact on the stock market.

But let's focus on the Indian financial markets. The Indian market today did not witness any fluctuations beyond expectations. But it can also not be called a great day! 

Some significant market updates:

  • The promoters of Newgen Software Technologies sold 10.57% stake. Surprisingly, this move led to an increase in the share price. Today, it hit a 52 week high.
  • IPO of KIMS that opened today witnessed a 9% subscription.
  • Sona Comstar IPO subscribed 83% on the final day, that is, today.

Indices 

Previous close

Closing price 

Change %

Sensex

52,773.05

52,501.98

-0.51%

Nifty

15,869.25

15,767.55

-0.64%

Nifty PSU bank

2,482.40

2,457.25

-1.01%

Nifty FMCG

35,921.50

36,131.25

+0.58%

Top gainers of the day

The increasing crude oil prices have surprisingly impacted the stock price of ONGC and other companies in this sector positively. Though this is not favourable for the economy, investors are well benefitted, as the stock gained 1% to close at 126.7 today.

On similar lines, promoter selling was predicted to adversely affect the stock price of NewgenSoftware Technologies. Surprisingly the move proved to be advantageous, and it rose 0.15% to close at 500.

Apart from that, here’s a list of other top gainers of the day:

Top losers of the day

The stock price of Adani enterprises does not seem to have recovered from the hit experienced 2 days ago, and most of Adani group’s stocks fell by ~5% today.

LIC Housing Finance Ltd. released its Q4 results, which adversely affected its share price.

Apart from that, here’s the list of other top losers of the day:

Today was an interesting but slightly gloomy day, with most indices closing at a low. But there’s always hope for a better future!

See you tomorrow.

To know more visit Ticker 

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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Finology Blog / Stock Market Concepts / After Bell Market Wrap-up: 16th June, 2021

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