Domestic Equity Market continued a strong momentum and ended positively on today’s session led by buying in financial, and FMCG counters.Net Buyers of FII/FPI stood at Rs.3,792.06 crore while Net Sellers of DII stood at Rs.2767.09 crore. The BSE Sensex rallied 347.42 points, or 0.77 per cent to settle at 45,426.97 levels with shares of HUL, Bharti Airtel, HDFC, ITC, IndusInd Bank, SBI gained by 3.09%, 3.05%, 2.54%, 2.50%, 2.41%,. 2.41% ,2.37% respectively whereas shares of Nestle India, Kotak Bank, Tata Steel, Bajaj Finance, HDFC Bank ,Titan lose by 1.49%,1.37%, 1.31%, 1.02%, 0.94%, 0.85% respectively . The NSE's Nifty ended at 13,355.75, up 97.20 points, or 0.73 per cent with 31 stocks advanced and 19 stocks declined. Media, Pharma, FMCG Indexes were the top gainers with a gain of 2.79%, 1.64%, 1.58% respectively whereas Realty Index was the loser with a loss of 0.34%.
TOP STOCKS IN NEWSCAST:
Bharti Airtel Rose over 3% after the data release of subscriber by TRAI (Telecom Regulatory Authority of India) shows market leader Reliance Jio might be losing steam.
ITC share has crossed ₹200 for the first in almost last four months. ITC's FMCG business delivered a decent sales growth of 15.4% year-on-year, one of the highest among peers.
IndusInd Bank gained over 2% as BofA Securities Europe SA bought 20,70,000 shares of IndusInd Bank from UBS Principal Capital Asia at Rs 891.40 per share.