INDIAN EQUITY MARKET RECOVERED FROM THE LOSSES IN THE FINAL HOUR OF THE TRADE

Domestic equity market recovered from the losses and ended the session in positive territory led by gains in metal and Auto stocks. Broader indices, Nifty Smallcap100 and Nifty Midcap100 supported gains.Net buying of FII/FPI was at Rs.1,824.52 crore while Net selling of DII was at Rs.587.43 crore. The Sensex 133.14 Points or 0.28% higher at 47,746.22 levels with shares of Ultratech Cement, Bajaj Finance,Maruti,Mahindra & Mahindra,Tech Mahindra, Asian Paints, Kotak Bank were the gainers with a gain of 4.11%, 2.63%, 2.11%,1.93%,1.78%,1.38%, 0.97% respectively while shares of IndusInd Bank, Sun Pharma, Axis Bank,Bharti Airtel,TCS ,SBI were the losers with a loss of 1.62%, 1.08%, 0.84%, 0.83%, 0.74%, 0.38% respectively. The Nifty ended 49.35 points or 0.35% at 13,981.95 levels with indexes like Auto, Realty, Metal, FMCG were the gainers with a gain of 1.34%, 1.29%, 1.29%, 0.39% respectively while Pharma ,Bank Indexes were the losers with a loss of 0.16%, 0.06% respectively.

TOP STOCKS IN NEWSCAST:

Ultratech Cement gained over 4% as ICICI Securities has buy call on UltraTech Cement with a target price of Rs 5725. Ultratech Cement's consolidated net profit surged 113.5% to Rs 1,235.11 crore on 7.6% rise in net sales to Rs 10,354.21 crore in Q2 September 2020 over Q2 September 2019.

Bajaj Finance Ltd rose nearly 3% as Edelweiss has buy call on Bajaj Finance with a target price of Rs 5800.

Mahindra & Mahindra gained over 2% as the company is preparing to launch the next generation XUV500 and Scorpio and they have been spotted testing a number of times over the last few months.