BULLS TAKE A BREATHE AFTER 7 DAYS OF WINNING STREAK

Domestic Equity Market showed a negative sign today dragged by heavy selling in banks, auto, financial services, media and metal stocks amid negative global cues.Net Buying in FII/FPI was at Rs.2,259.98 crore while Net selling in DII was at Rs.2,275.22 crore. The BSE Sensex settled at 45,959.88 levels, down 143.62 points, or 0.31 per cent with 12 scrips advanced and 18 scrips declined.The NSE's Nifty ended at 13,478.30, down 50.80 points, or 0.38 per cent with stocks like Nestle India, ITC, Britannia, HUL,Adani Ports, Kotak Bank, HDFC Life ,BPCL, Tata Steel Gained by 4.16%, 3.77%, 3.14%, 2.39%, 1.70%, 1.14%, 1.13%, 0.97% respectively while shares of UPL, Ultratech Cement, Shree Cement, Tata Motors, Mahindra & Mahindra, Gail, Eicher Motors, IOC ,HDFC Bank were the losers with a loss of 11.29%, 3.32%,2.79%,2.60%,2.42%, 2.04%,1.99%,1.60%, 1.44% respectively. FMCG Index stood at the outshiner with a gain of 2.81% followed by Realty and Metal Indexes with having a gain of 0.43%, 0.23% respectively while Media, Auto, Energy, Bank Indexes were the laggards with a loss of 1.62%,0.99%, 0.91%, 0.65% respectively.

TOP STOCKS IN NEWSCAST:

Nestle India gained over 4% as the company continue to grow at a faster pace on the demand front, packaged food, immunity-boosting products .

ITC surged nearly 4% as analysts maintained a positive stance on the company on the back of its robust growth prospects and efforts on the ESG (environmental, social, corporate governance) front.

Tata steel rose nearly 1% as the company has been recognised as the best organisation contributing to sports through Corporate Social Responsibility (CSR) at the FICCI India Sports Awards, 2020.

UPL plunged over 11% after a whistleblower alleged that the promoters have siphoned off money.

Ultratech Cement lose over 3% after the Competition Commission of India (CCI) initiated a probe against them.