Frontline equity indices turned highly volatile towards the fag-end of the session
Published On: Tuesday, July 6, 2021 | By: Team KnowMyStock
The frontline equity indices turned highly volatile towards the fag-end of the session today (6th July 2021) as profit-booking in all but the financial sector dragged them in the negative territory. The 30-share BSE barometer dropped 268 points from the record peak of 53,129, touched earlier today, to settle at 52,861 levels, down 19 points or 0.04 percent. Only 11 of the 30 constituents on the index managed to end in the green led by UltraTech Cement (up 3 percent), HDFC Bank, Bajaj twins, Kotak Bank, IndusInd Bank, and Tata Steel. On the NSE, the broader Nifty50 declined 16 points, or 0.10 percent, to end at 15,818 levels. Tata Motors, down 8.5 percent, ended as the top laggard on the index after its UK subsidiary Jaguar Land Rover (JLR) said it expects an operating cash outflow of about £1 billion, with negative earnings before interest tax (EBIT) margin in the second quarter ended September 2021 (Q2FY21), due to the supply constraints.
In the broader markets, the BSE MidCap index settled 0.12 per cent higher while the BSE SmallCap index closed 0.26 per cent lower.
The Nifty Bank was the top performing index, up 0.9 per cent, trailed by the Nifty Financial Services index, up 0.8 per cent. The Nifty Auto was the biggest loser, down 1.8 per cent.
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