INDIAN EQUITY MARKET ENDED FLAT ON TODAY’S TRADING SESSION

Domestic Equity Market ended flat with positive bias notes on Tuesday tracking gains in IT ,Energy and Metal stocks.

The BSE Sensex ended at 40,625.51 levels, up 31.71 points or 0.08%.9 out of 30 stocks were in advance and 20 stocks were in decline and 1 stock was unchanged. It touched intraday high of 40,786.82 and low of 40,461.97.

The Nifty50 index settled at 11,934.5 levels, up 3.55 points, or 0.03 per cent.22 stocks were in advance while 28 stocks were in decline .It touched intraday high of 11,988.20 and low of 11,888.90.

On Sectoral front, IT, Energy, Metal Indexes were the gainers with a gain of 1.31%, 1.07%, 0.39% respectively whereas Pharma, Media, Bank, Auto, FMCG, Realty Indexes were the losers with a loss of 1.79%, 1.66%, 0.93%, 0.61%, 0.32%, 0.31% respectively.

On BSE, Shares of HCL Tech, Kotak Bank, Infosys, Reliance, Ultratech Cement, Tech Mahindra ,Powergrid, Bajaj Auto, Bharti Airtel were the gainers with a gain of 3.94%, 2.40%, 2.27%, 1.95%, 1.81%, 1.22%,0.66%, 0.29%, 0.02% respectively while shares of Titan, Sun Pharma, ICICI Bank, Bajaj Finance, SBI, Maruti, Axis Bank, Nestle India were the losers with a loss of 2.18%, 2.07%, 1.91%, 1.56%, 1.51%, 1.48%, 1.45%, 1.44% respectively.

On NSE, HCL Tech, Infosys, Kotak Bank, Reliance, Ultratech, Eicher Motors, JSW steel, Coal India, Tech Mahindra were the gainers with a gain of 4.05%, 2.46%, 2.15%, 1.88%, 1.73%, 1.57%, 1.44%, 0.84%, 0.82% respectively while shares of Cipla, Titan, Adani Paints, Divi’s Lab, ICICI Bank, Sun Pharma, Axis Bank, SBI, Bajaj Finance, Maruti were the losers with a loss of 3.58%, 2.58%, 2.53%, 2.24%, 2.13%, 2.02%, 1.70%, 1.61%, 1.61%, 1.60%, 1.52% respectively.

Asian Markets were mixed on Tuesday, but improved after data that showed China’s exports grew at a faster pace last month.

European stocks retreated slightly on Tuesday with investors waiting for earnings season to kick off in the U.S., while watching the latest China data and coronavirus developments.

TOP STOCKS IN NEWS:

HCL Tech gained nearly 4% as HCL tech launched the 1PLMCloud solution that helps manufacturing companies transform their computer-aided design (CAD) and product lifecycle management (PLM) infrastructure into an on-demand, scalable and agile environment to drive the business innovation needed for the new normal.

Infosys gained nearly 3% as the company is likely to report double-digit profit growth for the September quarter on Wednesday on account of strong deal wins and solid comeback from all verticals including BFSI, retail and communications.

Reliance jumped over 2% as the company after regulator Trai said the company's telecom arm Reliance Jio (RJio) added maximum customers in July.

Cipla lose nearly 4% as The drug major said that its step-down US-based subsidiary received complete response letter (CRL) from the US drug regulator for IV Trambol.