INDIAN EQUITY MARKET BENCHMARK INDICES ENDED THE DAY WITH HIGHER NOTE
Domestic Equity Market ended higher on Friday amid mixed global equities, backed by heavy buying in banking and financial stocks.
The BSE Sensex ended 254.57 points, or 0.64 per cent higher at 39,982.98 levels.24 out of 30 stocks were in advance while 6 stocks were in decline. It touched intraday high of 40,125.71 and low of 39,699.42.
On Sectoral Front, Metal, Realty, Bank, Pharma, Energy, Auto, FMCG Indexes were the gainers with a gain of 3.97%, 2.62%, 2.005, 1.51%, 0.71%, 0.30%,0.09% respectively whereas Media, IT Indexes were the losers with a loss of 0.39%, 0.14% respectively.
The NSE's Nifty ended at 11,762 .45 levels, up 82.10 points, or 0.70 per cent.39 out of 50 stocks were in advance while 11 stocks were in decline.It touched intraday high of 11,789.75 and low of 11,667.85.
On BSE, Shares of Tata Steel, HDFC Bank, Ultratech Cement, Powergrid, Kotak Bank, Axis Bank, ONGC, NTPC, Infosys were the gainers with a gain of 5.38%, 2.55%, 2.23%, 2.19%, 2.10%, 2.05%, 1.82%, 1.77%, 1.77% respectively while shares of HCL Tech,Mahindra & Mahindra, Reliance,Asian Paints,Nestle India,Sun Pharma were the losers with a loss of 3.76%, 1.72%, 1.36%, 1.02%, 0.72% respectively.
On NSE, Shares of JSW Steel, Tata steel, BPCL, Hindalco, Divi’s Lab, HDFC Bank, Adani Ports, Grasim were in the gainer side with a gain of 6.79%, 5.32%, 4.39%, 3.66%, 3.63%, 2.92%, 2.68%, 2.52% respectively while shares of UPL,HCL Tech,Mahindra & Mahindra, Reliance,Asian Paint,Nestle India,Sun pharma,Wipro,SBI Life were the losers with a loss of 7.66%, 3.48%, 1.67%, 1.29%, 1.27%, 0.90%, 0.78%, 0.73%, 0.37% respectively.
Asian shares were mixed on Friday as investors weighed concerns about the U.S. presidential election and an economic stimulus package, on top of fears of flaring outbreaks of coronavirus.
European markets advanced on Friday with the rapid spread of coronavirus through the continent remaining on investors’ radar.
TOP STOCKS IN NEWS:
Tata Steel and JSW steel jumped nearly 6% in today’s session as the steel prices rise above the pre-COVID levels.
HDFC Bank gained nearly 3% as the bank is expected to report over 16 percent growth in profit as well as net interest income (NII) in Q2 FY21.
UPL plunged over 7% after KPMG resigned as the auditor with effect from October 8 for the company’s material arm in Mauritius - UPL Corporation, in order to re-organise the Audit Process to improve productivity, at the request of the company.
