INDIAN EQUITY BENCHMARK INDICES SURGED FOR THE FIFTH TRADING SESSION

Domestic Equity Market ended the volatility session with a positive note mainly led by gains in banks, financial and IT stocks. Net Buying of FII/FPI was at Rs.2,349.53 crore while Net selling of DII was at Rs.2,010.50 crore. The BSE Sensex ended 259.33 points or 0.55 per cent higher at 47,613.08 levels with shares of IndusInd Bank, Axis Bank, Tech Mahindra, HDFC, ICICI Bank, HCL Tech ,HDFC Bank ,SBI were the gainers with a gain of 5.41%, 2.06%, 1.95%, 1.92%, 1.68%, 1.54%,1.01% respectively while shares of Nestle India, NTPC ,Powergrid, Dr. Reddy, Reliance, ONGC, Mahindra & Mahindra were the losers with a loss of 1.77%, 1.69%, 1.02%, 0.80%, 0.70%, 0.69%, 0.65% respectively. The Nifty was up 59.40 points or 0.43% at 13,932.60 with Bank and IT Indexes traded higher at 1.43%, 0.72% respectively while Media, Metal, Energy indexes traded lower with a loss of 1.45%, 1.09%, 0.62% respectively.

TOP STOCKS IN NEWSCAST:

Axis Bank gained over 2% as the bank is pruning its overseas operation as part of a strategy of focusing Indian market. The Bank has allotted 76,287 equity shares of Rs. 2/- each of the Bank on 28 December 2020, pursuant to exercise of stock options under its ESOP Scheme.

ICICI Bank rose over 1% as the bank will acquire 9.09 per cent stake in online school management platform My class board Educational Solutions.

HDFC Bank gained over 1% as the bank has cleared the name of Atanu Chakraborty for the post of new part-time chairperson of the bank .The currently offers 5.50 per cent interest on fixed deposit account below ₹ 5 crore with tenure of 5 years 1 day - 10 years.