Finally, FIIs turn to net buying today. Post-market Report, 13 July, 2021

Good Evening everyone, Finally the news we have been waiting for has happened today. FIIs have turned net sellers though by a short margin today.

As I had told in the pre-market report, that the FIIs have been continuously selling for so many days and we could finally see them at net buying of Rs. 113.83 Crores & of course DIIs also bought for a net of Rs. 344.19 Crores.

In the morning, the entire world markets were positive and we did get a big gap up & opening by 100 points but as soon as the market opened, we could see big profit booking and a fall to 15744 by 11 am, but then onwards we could see the continuous buying in the market and that let to close higher at 15812.

On the daily charts, the Index has formed a small bullish candle which suggests that we can see some more bullish moves, but then we need to confirm that with the major IT results this week as discussed in the pre-market report.

Sector Watch:

The financial sector and Banks led the day and a good move was given to the Index by HDFC twins only. Media, IT & FMCG closed negative in the day. But like I have always been saying, IT is a giant which is still in deep sleep, and it can still make great moves in the coming days.

Top Gainers:

ICICI was the top gainer for the day. Though June Consumer Price Index inflation continued to remain above RBI's tolerance level, it eased to 6.26 percent from 6.30 percent in the previous month giving some relief to the market & hence this sudden move in the financial sector.

Top Losers:

Adani Ports and Special Economic Zone (APSEZ) on Friday announced that its board will meet on Wednesday (14 July) to consider raising up to $750 million through the issuance of US$ denominated foreign currency bonds, but still was the top loser for the day.

We could also see the IT giants TCS, HCL & TechM in the top losers of the day.

That's is for now team. Let us catch up tomorrow with the post-market report.

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