The Truth About Stock Market 2021.

The Truth About Stock Market 2021

Sensex reached its new peak of 56118 on Wednesday. At the end with a considerable decrease of 163 points, it reached 55629.

As the government changes in Afghanistan and Taliban has ruled over there. The tension has risen there. Even, the Delta Plus variant is rapidly increasing in the United States. Plus, New Zealand recorded its first Delta variant case and announced the lockdown. The coronavirus pandemic is getting under control in India. During all these things BSE has increased and reached its new peak of 56118.

On Wednesday, with an increase of 92 cents the Crude oil reached $69.5, and with an increase of 82 cents Nymex oil reached $67.41. Since the coronavirus pandemic is increasing in United State the market stayed down. Even Europe faced the same situation. Yet the Asian market had a significant increase and remained up 0n Wednesday. The Indian investors invested and traded in FMCG, Auto, Farma, and Cement and took the Sensex to its new peak. It turned out as a huge profit to Finance and IT. The value of the American Dollar decreased to INR 74.24. The market remained closed on 19th August Thursday due to Muharram.

The trading started very strongly. The Sensex opened 56073.31 against the previous close of 55792.27 with financial stocks. Surging in Bajaj Finserv, Bajaj Finance Sith, Cement Stocks including Ultratech cement. There were other companies such as Reliance Industries, Titan Company, TCS. This created new heights of 56118.57. Banking Finance stocks included Kotak Mahindra Bank, ICICI Bank, HDFC Bank Limited. The other banks are State Bank of India, Axis Bank, and IndusInd Bank. Even some of the power gird crops were included such as Bharti Airtel, Maruti Suzuki, HCL and HCL at one point. The cell off fell to 55514.89 endings at points 162.78 points, down 55629.49 points.

Nifty spot booms from start to top:

NSE, Nifty sport opened at 16697.95 against the previous close of 16614.60. Attractions from consumer products made a new history of 16701.85. That includes Nestle India, Hindustan Unilever, Britannia and Reliance Industries, and others. The rise of profit booking includes metal-mining stocks in Hindalco. Tata Steel, JSW Steel, and others. In India, the sell-off fell to 16535.85 and ended at 45.75 points, down 16568.85 points.

The bank down 41 points on profit-booking in banking stocks. Kotak Bank, ICICI Bank, IndusInd, Axis Bank down.

The banking finance funds were high. Investors made good profit bookings. Kotak Mahindra was down to INR 1750.65 with a decrease of INR 37.35. ICICI Bank was down to INR 989.40 with a decrease of INR 11.10. Axis Bank was down to INR 751 with a decrease of INR 5.60. AU Small Finance Bank was down to INR 1341.45 with a decrease of INR 9.35. State Bank of India was down to INR 419.85 with a decrease of INR 1.50. Plus, HDFC Bank and Reserve Bank of India had lifted the band over issuing a credit card. So, it increased to INR 1565.35 from INR 1514.65 and at the end stayed at INR 1513 with a decrease of INR 1.65.

Avas Finance, Shri Finance, General Insurance, India Bulls, and J.A. Finance broken. UTI AMC and Bajaj Finserv Advanced.

There was a mixed trend in the IT sector: Wipro, HCL Technology, and Oracle decreased. Sasken, Mindtree and Mastek jumped. 

In IT software services, funds kept buying stocks against the profit-booking. 

⦁ Wipro fell by INR 5.60 to INR 629.20

⦁ Oracle Finserv fell by INR 76.90 to INR 4523.95

⦁ HCL Technology fell by INR 7.40 to INR 1133.85

⦁ Infosys fell by INR 8.10 to INR 1733.35

⦁ L & T InfoTech fell by INR 16.40 to INR 4945 

⦁ Tanla Platforms fell by INR 8.25 to INR 917.25.

Whereas, 

⦁ Sensex Tech’s price had increased by INR 77.10 to INR 1340

⦁ Mind tree’s price had increased by INR 177.50 to INR 3196.05

⦁ Ramco System’s price had increased by INR 24.80 to INR 491.50

⦁ Master’s price had increased by INR 93.50 to INR 2591.40

⦁ Datamatics Global’s price had increased by INR 6.45 to INR 290.85

⦁ Quick Heal’s price had increased by INR 5.65 to INR 224.15.

Extensive offloading in Small and Mid-Cap shares: 215 stocks close negative and only sellers in 8 stocks bearish circuit.

Many Funds, Operators, Players, and High Network Investors bought stocks that were declining. Yet, they kept selling those stocks because the Market Breadth remained negative.

FPI/ FII had a net sale of worth INR 2 Crore and a net sell of worth INR 5 Crore in DII Cash.

FII foreign institutional investors, Foreign Portfolio Investors had a clean net sale of INR 595.32 Crore. A total of INR 10152.95 Crore sales was done against the buying of INR 9557.62 Crore. On the other hand, DIIs-domestic institutional investors made a net sale of INR 4.5 Crore in cash today. A total of INR 4.5 Crore was sold against a total sale of INR 4.5 Crore.

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