By Aamar Deo Singh, Head Advisory, Angel Broking Ltd

The five-day winning streak came to an end as the markets traded lower in today’s trading session with selling seen in auto, IT, and state-run lenders.
Nifty went down by 0.27% or 29.65 points and closed at 11,132.60, while S&P BSE Sensex tripped down by 0.16% or 58.81 points and closed at 37,871.52.
Around 1448 shares declined, 1164 shares advanced, while 147 shares remained unchanged.
Axis Bank (6.68%), Titan (4.96%), Power Grid (3.60%), Zee Entertainment (3.09%), and ITC (2.44%) were top Nifty gainers, while Hero MotoCorp (3.32%), BPCL (3.08%), HUL (3.06%), Tata Motors (2.77%), and Tata Steel (2.49%) were top Nifty losers.
BSE Midcap went up by 0.19% while BSE Smallcap went down by 0.23%.

Jindal Steel & Power Limited
The company’s net profit stood at Rs.267 crore while the revenue of the company was down by 6.7%. The stocks of the company went down by 3.33% and traded at Rs. 172.65.
IndiaMART InterMESH Limited
Stocks of the company went up by 4.03% and traded at Rs.2,244.00 after the company’s consolidated net profit doubled during the first quarter of the FY21. The company’s revenue from operation too went up by 3.9% during the June quarter.

Reliance Industries Limited stocks became the first Indian company to cross the market capitalization of Rs.12 Lakh crore. This happened because of the multiple investments in the company’s Jio Platform. Stocks of RIL went up by 1.65% and traded at Rs.2,004.00 in today’s trading session.

HUL reported a standalone net profit of Rs. 1,881 crore in the first quarter of the FY21 while the revenue from operations for the period stood at Rs.10,560.00 crore. However, the stocks of the company went down by 3.06% and traded at Rs.2,247.00 post the earnings were reported by the company.

NOCIL Limited
Stocks of NOCIL Limited went up by 5.37% and traded at Rs.110.85 despite a decrease in Ashish Kacholia’s stake in the company. Investor Dolly Khanna too reduced her stake in the company to 1.5%.

Bajaj Finance Limited
Stocks of Bajaj Finance Limited went down by 1.29% and traded at Rs.3,250 after the company reported a decline of 19.4% in its consolidated net profit for the first quarter of FY21. The net interest income of the NBFC, however, rose by 12%.

Indian Rupee
Negative sentiments among investors in the domestic equity markets resulted in the Indian rupee ending with a little change. Indian rupee ended lower at Rs. 74.76 against the US Dollar.

Gold prices recorded all time high at Rs.50,000 per 10 gm on the MCX in today’s trading session. Weaker dollar and a rise in international spot prices of gold resulted in the same.

Global Markets traded lower
Gains in global markets too were washed off amid the rising number of coronavirus cases despite the positive news of COVID-19 vaccine trials. Nasdaq went down by 0.81%, FTSE MIB and FTSE 100 declined by 0.96% and 0.91% respectively, Nikkei went down by 0.58%, while Hang Seng tripped down by 2.25%.

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