Domestic Equity Market slipped over 1% on today’s trading session as widening COVID-19 restrictions weighed on market sentiment.
The BSE Sensex ended at 43,599.96, down 580.09 points, or 1.31 per cent .9 out of 30 stocks were in advance while 21 stocks were in decline. It touched intraday high of 44,230.00 and low of 43,518.11.
The NSE's Nifty settled at 12,771.70, down 166.55 points, or 1.29 per cent. 14 out of 50 stocks were in advance while 36 stocks were in decline. It touched intraday high of 12,963.00 and low of 12,745.75.
On Sectoral Front, FMCG, Media, Energy Indexes were the gainers with a gain of 0.43%, 0.26%, 0.25% respectively while Bank, Realty, IT, Metal, Auto, Pharma Indexes were the losers with a loss of 2.85%, 1.36%,0.94%, 0.72%, 0.67%,0.40% respectively .
On BSE, Shares of Powergrid, ITC, NTPC, Tata Steel, Titan, Bajaj Finserv, TCS, ONGC, Nestle India were the gainers with a gain of 2.43%, 2.06%, 1.64%,1.24%, 1.00%, 0.57%, 0.42%, 0.28%, 0.17% respectively while shares of SBI, Axis Bank, ICICI Bank, Ultratech Cement, Bajaj Finance, HDFC Bank, Bharti Airtel ,Tech Mahindra were the losers with a loss of 4.88%, 3.93%, 3.84%, 3.18%, 2.61%, 2.43%, 2.07%, 1.70% respectively.
On NSE, Shares of Powergrid, ITC, NTPC, Coal India, Tata steel, Titan, Britannia, TCS, Dr. Reddy, ONGC were the gainers with a gain of 2.59%, 2.17%, 1.70%,1.16%, 1.14%, 0.93%, 0.56%,0.52%, 0.45%, 0.35% respectively while shares of SBI, ICICI Bank, Axis Bank, Tata Motors, JSW steel, Ultratech Cement, Bajaj Finance, HDFC Bank, Eicher Motors, HDFC Life were the losers with a loss of 4.96%, 4.19%, 4.13%, 3.78%, 3.63%, 3.14%, 2.70%, 2.69%, 2.65%,2.62% respectively.
Asian stocks lower on Thursday as rising coronavirus infections in the United States and Europe clashed with optimism about a possible vaccine.
European stocks pulled back Thursday as a rally prompted by positive vaccine news starts to peter out amid renewed fears of shutdowns due to rising coronavirus cases.
Tata steel gained over 1% as several analysts have increased the target prices and earnings forecast for steel companies and expect the same performance to continue through the second half of FY 21.
Titan gained nearly 1% after the company saw good traction across all its businesses in the festive season.
TCS rose on today’s session after its shareholders approved its ₹16,000 crore share buyback plan.