INDIAN EQUITY MARKET ENDED THE VOLATILE SESSION WITH A POSITIVE NOTE

Domestic Equity Market stayed slightly volatile on today’s trade and ended with a positive note amid buying in counters such as Reliance Industries (RIL), TCS, Infosys, and UltraTech Cement. Net Buying of FII/FPI was at Rs.2,909.60 Crore while Net Selling of DII was at Rs.2,640.93 crore.The BSE Sensex gained 181.54 points, or 0.40 per cent to settle at a fresh closing peak of 45,608.51 levels with shares of Ultratech Cement, TCS, Reliance, HCL Tech, Infosys, SBI were having gains of 3.15%, 2.21%,1.82%, 1.06%,0.86%, 0.83% respectively while shares of Sun Pharma, Indusind Bank, NTPC, Asian Paints, Tech Mahindra were the laggards with a loss of 2.36%,2.00%, 1.55%, 1.38%, 1.38% respectively. The NSE's Nifty ended at a record closing peak of 13,392.92, up 37.20 points, or 0.28 per cent with 19 stocks advanced and 30 stocks declined and 1 stock unchanged. Realty, IT, Bank Indexes out performed with a gain of 0.83%,0.79%, 0.17% respectively whereas Metal, Pharma, Media Indexes were the losers with a loss of 1.23%, 1.18%, 0.93% respectively.

TOP STOCKS IN NEWS:

Ultratech Cement has gained over 3% after the company’s board has approved increasing the firm's capacity by 12.8 mtpa, with a mix of brown field and green field expansion at a capex of Rs 5,477 crore. The Company joined the elite club of Rs 1.5-trillion market capitalization (m-cap) on the BSE on Today.

Reliance surged nearly 2% as the company will pioneer the 5G revolution in India in the second half of 2021.

Indusind Bank lose 2% as Ramesh Sobti, who retired as MD and CEO of IndusInd Bank in March this year, is likely to be private equity firm Advent’s nominee on AB Capital board.