Market Closing:
Market ended flat on Friday as muted cues from global markets and spiking COVID-19 cases in the country kept investors on the edge. Nifty gained marginally by 14 points to close at 11214.
However, boarder market remained strong as Advance Decline Ratio was in favour of the Bulls. Nifty small cap and mid-cap Index gained over 1% each after change in circuit filter.
However, market sentiments turned choppy tracking weak cues from global indices amid reports that the Trump administration was considering a proposal to crackdown on Chinese companies listed in the US.
Spiking COVID-19 cases too kept investors jitter. Both Asian and European markets declined half to one percent.
Back home, Tech stocks were major losers today. While select Auto, Metal, NBFC and Banking stocks gained.
Among the Metal stocks, Hindustan Zinc gained over 7% to close at Rs253 as it is a beneficial of rising silver price. Silver price spiked to above Rs7600 mark.
Among the banking and NBFC stocks, RBL Bank gained 10% to close at Rs191. Bajaj Finance surged around 4% to close at Rs3464.
Housing Finance stocks like LIC Housing, Can Fin Homes and PNB Housing witnessed fresh buying after the RBI says that the additional special liquidity facility of Rs10,000cr to be provided to NABARD and NHB gained.
Emami gained 8% to close at Rs257 after it announced Q1 results.
Tech stocks like Infosys, HCL Tech and TCS declined 1-2% on account of profit booking.
Pharma stocks like Dr Reddy ended marginally negative at Rs4574 while it has touched all time high of Rs4707 on account of profit booking.
Sun Pharma, Glenmark and Aurobondo Pharma witnessed profit booking. However, Divis Lab advance 2% to close at Rs2785 ahead of Q1 results tomorrow.
Among the major gainers of mid and small cap space, stocks like Delta Corp, Federal Bank, Bombay Dyeing, Graphite India, SRF, RCF and BF Utilities gained by 5-10%.