After Bell Market Wrap-up: 18th June 2021

18 Jun 2021  Read 1297 Views

Hey, fellow stock market maniacs. A busy day at the office/home? Missed the market chimes? Worry not, Finology presents you with all things important from the markets today. Hop in.

Though the markets opened on a positive note today, they closed in the red. Quite a few sectors like metals and auto witnessed high momentum. Indian Rupee ended 22 paise higher at 73.86 per dollar.

Significant market updates

  • Shares of SBI card and payment services drop by almost 6% today, as Carlyle Group decides to sell its stake worth Rs.5,000 crore.

  • The stocks of BHEL, Adani port, Escorts, Canara Bank, and Punjab National Bank were banned in the F&O sector for the day.

  • Paytm is intending to release its IPO, which could be India’s largest IPO ever.

  • KIMS IPO issue was fully subscribed today, the last day of the IPO.

  • Dodla Dairy IPO subscribed 16 times.

Index performance

Indices

Previous close

Closing price

Change %

Sensex

52,323.33

52,344.45

+0.040%

Nifty

15,691.40

15,683.35

-0.051%

Nifty Bank

34,605.40

34,558.00

-0.41%

Nifty midcap 100 

36,183.55

36,287.15

+0.29%

Nifty IT

28,611.35

28,445.6

-0.58%

 

Here’re some stocks which were in the news today:

Quarterly results

The reasoning behind some highlights of the day

  • Adani enterprises share prices have picked up well, and it witnessed a sudden surge during the closing of the market.
  • Though crude oil prices continue to rise, they haven’t benefited the stocks of ONGC and other similar companies.
  • Gaming company Nazara Technologies’ shares plunged drastically as it was initially overvalued.
  • Companies like Ashok Leyland and others in the automobile industry also witnessed a drop in their share prices due to the increase in subsidies provided for EVs.
  • Eveready Industries’ financials reveal a loss, but the operating efficiency is outstanding according to the company. It also benefited other business areas, which prevented the share price from dropping, rather increased it.

Top gainers of the day

Top losers of the day

Wrapping up...

In conclusion, the markets today witnessed a roller coaster, with most indices falling continuously. But by the time of closing, they did pick up. Market experts do believe that these fluctuations are a sign of warning about the few stocks that have been trading at a higher price than they should have been. That's it for today.

See you on Monday...

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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