Market Outlook- 23 June 2021

On Tuesday, banks and financials succumbed to profit- gained 0.7 percent and TCS added 0.9 taking at higher levels, bringing Indian stocks down from percent after they announced a collaboration to build 5G their day's highs. IT companies and automakers made networks in . gains, helping key benchmark indices finish the day in the black. India's record vaccine rollout of 8.3 million shots boosted investor confidence, as did a comeback in global markets On strong global signals, the 30-share BSE Sensex from four-week lows. The indexes were pulled down by soared to a record high of 53,057 earlier in the day before losses in financial companies and , as giving up all of its early gains to end the day up 14.25 well as a broader retreat in global markets.. points. India designated a novel coronavirus variety to be of After scaling a record high of 15,895 earlier in the day, the concern on Tuesday, citing over two dozen cases in three states. broader NSE Nifty index closed up 26.25 points, or 0.17 percent, at 15,772.75. According to NK Arora, the head of India's National Technical Advisory Group on Immunization, the After reporting an 8% drop in Q4 profit, fell 0.6 government has enough Covid vaccine supply, with 200- percent. 220 million doses available starting next month (NTAGI). Arora told ET that the goal is to vaccinate at least 10 India's stock jumped 5.2 percent after the million people per day. automaker announced it would raise its car prices starting in July. SBI Life, , , and UPL all increased by 2-4 percent, while , Nestle India, , and all declined by 1-2 percent. IOB and the Central both touched new 52-week highs before finishing with gains of 5.1 percent and 3.7 percent, respectively.

Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

MARUTI 7,257.50 5.18% ASIANPAINT 3,015.00 -1.75%

UPL 802.00 3.86% BAJFINANCE 6,018.00 -1.60%

SHREECEM 29,161.15 3.32% NESTLEIND 17,430.00 -1.24%

WIPRO 556.70 2.68% HINDUNILVR 2,487.00 -1.09%

SBILIFE 1,005.00 2.39% INDUSINDBK 999.00 -0.85% Market Outlook- 23 June 2021

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