BSE sensex: The week that was in 10 actions: brokerage actions increase up to 34%, Tata Motors bleeds

BSE Sensex was down 0.19%, while Nifty50 was down 0.2% for the week ended July 9. On the sector front, a mixed trend was observed: metals, real estate, telecommunications closed higher, while autos, IT and oil and gas lagged behind.
Rising U.S. bond yields and a slight increase in cases of new variant Covid-19 have dampened feelings. The week also marked the start of the results season.
âWith the start of the earnings season, we expect volatility to increase on the equity specific front as well. In the midst of it all, it is prudent to remain very cautious in selecting sectors and stocks for trading. short term and limit the leverage of bare positions, âsaid Ajit Mishra, vice president of research, Religare Broking.
âInvestors, on the other hand, shouldn’t worry about the interim corrective phase and focus on the results season for the indices,â he added.
In the BSE 500 index, 280 stocks ended the week on a positive note while the rest closed with cuts. More than two dozen counters posted double-digit gains during the week.
Here are the 10 actions that have been the most buzzed during the week:
Brokerage companies: Brokerage firms were once again the center of attention as demat accounts at CDSL hit the 4 crore mark in June, underscoring the growing interest of retail investors in stocks. Brokers like IIFL Securities jumped 34% to Rs 100.55. Dolat Investments gained 23 percent to Rs 93.35, while
jumped 22% to Rs 987.2 during the week.
Rain industries: The coal producer was on a roll, jumping 23% to Rs 235.3 during the week, due to the rise of its world-famous product, calcined petroleum coke (CPC) in the international market for metals. Renowned investor Dolly Khanna reduced her stake in the company in the June 2021 quarter.
Kitex clothing: The world’s second-largest maker of children’s clothing added 25 percent to Rs 140.55 during the week. The government of Kerala has withdrawn the presentation notices issued to the company on the issue of minimum wage. The Telangana government extended an invitation to him for the establishment of a clothing unit in the state.
HFCL: Shares in telecommunications equipment manufacturing jumped 23% to Rs 88.95 last week. The company is one of the biggest beneficiaries of the central government’s PLI scheme. IO, a product of HFCL, has deployed a âPM-WANI Villageâ network in the village of Baidebattu in Karnataka. It will announce its results for the June 2021 quarter on July 12.
Sobha: The Bengaluru-based reality TV company gained 20% to Rs 555.95 after the company provided an update on its performance for the June 2021 quarter. Total sales value of Sobha in the first quarter of fiscal 22 rose 40% to Rs 682.9 crore, compared to total sales of Rs 487.7 crore in the same quarter of the previous year.
AU Small Finance Bank: The lender’s share price rose 15% to Rs 1,195.7 in the week following the June 2021 quarterly update. The numbers have relieved investors who expected the worst impact of the second wave on small financial lenders.
Shree Renuka Sugars: Investors saw profits in the sugar producer as the company became the most valuable sugar producer by market capitalization after its shares have climbed more than 300% in the past three months. The script fell 14% to Rs 37.1 during the week.
Trusted communications: The telecommunications company headed by Anil Ambani fell 14% to Rs 3.14. The telecommunications operator has been on a downward trend since the Telecommunications Ministry refused to renew its license unless it s ‘pays its statutory contributions of Rs 26,000 crore.
Tata Engines: Jaguar Land Rover (JLR) Plc has sharply reduced its sales forecast for this quarter as the
the unit is battling a serious shortage of chipsets. The large local auto company lost 11% to Rs 306.35 during the week.
NDMC: The state-owned miner fell 8% to Rs 167.5 after the launch of the company’s offer to sell (OFS). The Indian government got rid of 7.49% of the company’s capital. The government held 68.29% of the capital of NMDC as of March 31, 2021.