INDIAN EQUITY MARKET CLOSED HIGHER LED BY GAINS IN BANKING, METALS AND REALTY STOCKS AMID POSITIVE GLOBAL CUES

Domestic Equity Market showed a positive sign following positive global cues after US President Donald Trump signed a USD 900 billion pandemic relief package.Net Buying of FII/FPI was at Rs.1,588.93 crore while Net selling of DII was at Rs.1,386.55 crore. The S&P BSE Sensex closed 380.21 points or 0.81% higher at 47,354 levels with shares of Titan, SBI, L & T, Ultratech Cement, IndusInd Bank, Asian Paints, Kotak Bank,ICICI Bank gained by 3.15%, 3.15%, 2.16%,1.96%, 1.67%, 1.29%, 1.28%, 1.28% respectively while shares of HUL, Sun Pharma were the losers with a loss of 0.46%, 0.39% respectively. The Nifty ended 0.90 percent or 123.95 points higher at 13,873.20 respectively. Barring Pharma Index all the Sectors were the gainers.Realty, Metal, Bank, Auto, Media Indexes were the outperformers with having a gain of 2.59%, 2.56%, 1.57%, 0.99%, 0.99% respectively.

TOP STOCKS IN NEWSCAST:

Shares of SBI jumped over 3% in today’s session as the bank saw a significant fall in non-performing assets in the fiscal’s second quarter. Its GNPA ratio fell to 5.3 per cent in September 2020, compared to 7.2 per cent in the same month last year.

L & T rose over 2% as the company s looking to recruit close to 1,100 graduate and post graduate engineer trainees in 2021 and deploy them across various business verticals.

Ultratech Cement surged nearly 2% as the company is considering a proposal to raise funds by issuance of 10,000 rated, listed, non-convertible, redeemable, unsecured NCDs of Rs10 lakh each aggregating to Rs1,000cr, on private placement basis, including the terms and conditions of the issue, on or after December 30, 2020.