7 July 2021, Post Market Report: FII's continue selling but Nifty still strong, can the bulls rise?

Good Evening everyone, So we are already here with another weekend and I am all excited to meet you all tomorrow in our weekly meet at 7 pm.

It was a very interesting week that also gave us a lot of learning. Coming to today, as you can see below, the market was completely flat and closed with not much difference from the opening.

On a daily chart, the candle looks indecisive, and hence as I told you in the pre-market report, we need to confirm the direction of Nifty only on Monday.

Sector Watch:

Realty & metals lead the day with Tata steel stealing the show as the top gainer after several weeks of consolidation. Banks were the top losers for the day as discussed in our discord group.

Top Gainers:

As discussed earlier, the market was lead by Tata steel, then again went up by 4% in the day as major analysts raised the target for the scrip, after rating agency CARE Ratings upgraded the long-term credit rating of the company to 'CARE AA+' with a stable outlook from 'CARE AA' with a negative outlook.

Top Gainer:

Among the top losing scrips were Bajaj Auto, TCS, HDFC Bank, Reliance etc.. If you noticed, even when the biggies like Reliance & HDFC bank fell through the day, it was the steel sector that held the nifty stable.

DIIs have again turned net buyers for the day for 106 crores and FIIs continued to sell for a net of 1124 crores.

As this is the weekend report, leaving to rest of the discussions on our weekly meet tomorrow. See you then.