In Nifty50 5 stocks today closed with more than 2% gains by end of the day : EICHERMOT (4.2%), ADANIPORTS (4.1%), BHARTIARTL (4.1%), HEROMOTOCO (2.6%) & NTPC (2.0%). Also stocks like INFRATEL (1.9%), BAJAJ-AUTO (1.9%), GRASIM (1.9%), TATAMOTORS (1.8%), TCS (1.8%), TITAN (1.7%), RELIANCE (1.6%), HCLTECH (1.6%), AXISBANK (1.4%), GAIL (1.3%) closed in green with good gains today – 3rd July 2020.
JSWSTEEL (-1.8%), TATASTEEL (-1.8%), INDUSINDBK (-1.5%), ZEEL (-1.4%), HDFCBANK (-1.3%), CIPLA (-1.2%), HINDALCO (-1.1%), BAJFINANCE (-1.1%), BAJAJFINSV (-0.6%), MARUTI (-0.6%), NESTLEIND (-0.6%), IOC (-0.6%), ICICIBANK (-0.6%), SBIN (-0.4%) and HDFC (-0.3%) are the main losers in the Nifty 50 Index. Mainly Banks, Financial companies and Steel stocks closed in red.
On the Volume front at the end of the trading ADANIPORTS (102.7%), BAJAJ-AUTO (42.9%), TCS (23.8%), HEROMOTOCO (21.4%), ITC (17.7%), TATAMOTORS (14.2%), POWERGRID (3.4%) and NESTLEIND (2.1%) closed with more volume compared to their respective 2 months average volume. Adani Ports witnessed almost double volume compared to historical average.
Major Recoveries Today : EICHERMOT (4.2%), BHARTIARTL (3.7%), ADANIPORTS (3.6%), NTPC (2.7%), GRASIM (2.7%), INFRATEL (2.4%), HEROMOTOCO (2.4%), VEDL (2.3%), TITAN (1.7%), GAIL (1.7%), TCS (1.6%), BAJAJ-AUTO (1.6%), M&M (1.5%), COALINDIA (1.4%) and HCLTECH (1.4%) recovered more compared other Nifty 50 stocks today from their respective day’s low value.
Major Drops Today : ZEEL (-3.1%), TATAMOTORS (-2.9%), JSWSTEEL (-2.9%), INDUSINDBK (-2.6%), TATASTEEL (-2.4%), CIPLA (-2.3%), HINDALCO (-2.3%), BAJFINANCE (-2.0%), HDFCBANK (-1.9%), WIPRO (-1.8%), UPL (-1.8%), NESTLEIND (-1.8%), ICICIBANK (-1.8%), ADANIPORTS (-1.6%) and VEDL (-1.6%) dropped more compared to their respective day’s high value.
Overall a muted market today with no major up or down movements in both Indian stock indices Nifty & Sensex. Being a friday and weekend coming traders seems to be careful because markets recovered a lot from their respective March month low but overall situation is very grim in domestic as well as world. No respite for corona virus cases and it is increasing rapidly in India and world wide. Markets are hoping for economic recovery as many countries relaxed lock down norms but still the exact impact of this covid-19 outbreak is yet to known. Many analysts already warned that markets are over optimistic about it.