Indian equities

As part of the said transfer of stake of KSEZ and in terms of regulatory requirements, the 74 per cent equity stake of Kakinada Gateway Port Limited ("KGPL") held by KSEZ is also being transferred to Aurobindo Realty. Total revised consideration for the sale of equity stake as well as the sub-debt in KSEZ is Rs 2,719 crore.

As per the data furnished by the Association of Mutual Funds in India (AMFI) on Monday, the net inflows stood at Rs 22,583.52 crore. In June, the net inflows had stood over Rs 5,980 crore, while in May, the total sum was over Rs 10,000 crore. In April, equity-linked mutual fund schemes saw a net inflow at Rs 3,437 crore. Besides, the contributions through systematic investment rose on a sequential basis last month.

Consequently, the BSE Sensex traded at 52,744.44 points, at 9.50 a.m., higher by 91.37 points or 0.17 per cent from its previous close. The Nifty50 on the National Stock Exchange traded at 15,811.65, higher by 33.20 points or 0.21 per cent from its previous close.

Accordingly, the gains came on the back of recovery in the Asian markets -- especially the Hongkong and Chinese indices - and a day after US Fed kept its interest rates unchanged. Besides, expectations of healthy quarterly results and encouraging response to metal stocks pushed the markets higher. Around 2.30 p.m., Sensex was trading at 52,682.39, higher by 238.68 points or 0.46 per cent from its previous close.

Accordingly, the NSE Nifty50 scored the biggest one day gain in two months. Initially, both the key indices opened higher and rose through the day with a brief correction in early afternoon. Besides, almost all sectors ended in the green with the sole exception of FMCG. Consequently, the S&P BSE Sensex closed at 52,837.21, higher by 638.70 points, or 1.22 per cent, from its previous close.

Initially, equity markets had a gap-down opening on fears of lower than expected quarterly results of banks and financial sector in Q1FY22, due to fears over the impact on asset quality after the second Covid wave. Sectorally, banking, financials and metal sectors edged lower. The BSE Sensex ended the day's trade at 52,553.40 points, lower by 586.66 points, or 1.10 per cent, from its previous close.

Initially, the equity markets had a gap-down opening due to negative global cues. Consequently, the BSE Sensex traded at 52,756.55 points, at 10.30 a.m., lower by 383.51 points or 0.72 per cent from its previous close. The Nifty50 on the National Stock Exchange traded at 15,822.25, lower by 101.15 points or 0.64 per cent from its previous close.

Analysts said, the concerns over the 'Delta' variant of Covid-19 and rising oil prices have weighed in on the investor sentiments. The sell-off comes after FPIs were net buyers of Indian equities in June. Last month, FPIs made a net investment of Rs 17,215 crore in the equities segment. With the net selling in July so far, the net FPI investment in 2021 stands at Rs 55,829 crore, backed by robust investment in January-March.