INDIAN EQUITY INDICES ENDED OVER 1 PERCENT HIGHER ON MONDAY

Domestic Equity Market ended higher on Monday led by gains in banks, financials and metals stocks. Positive global cues also boosted investor sentiment.

The BSE Sensex settled 448 points, or 1.12 per cent higher at 40,431.60 levels .23 out of 30 stocks were in advance while 7 stocks were in decline. It touched intraday high of 40,519.48 and low of 42,211.22.

The Nifty50 settle at 11,873.05, up 111.60 points, or 0.94 per cent.36 out of 50 stocks were in advance while 14 stocks were in decline.It touched intraday high of 11,898.25 and low of 11,820.40.

On Sectoral Front, Bank, Metal, Realty, FMCG, Energy Indexes were the gainers with a gain of 3.12%, 1.63%, 1.51%, 1.34%, 1.24% respectively while Pharma, Media, Auto, IT Indexes were the losers with a loss of 1.67%, 1.60%, 1.12%, 0.68% respectively.

On BSE, Shares of ICICI Bank, Axis Bank, Nestle India,SBI,HDFC,IndusInd Bank,ONGC were the gainers with a gain of 5.33%,4.43%,4.25%,4.21%, 3.76%, 3.09%, 3.05% respectively while shares of Bajaj Auto, TCS, Mahindra & Mahindra, Maruti, Sun Pharma, Infosys were the losers with a loss of 2.12%,1.76%,1.49%,1.07%,0.70%,0.59%,0.18% respectively.

On NSE, Shares of ICICI Bank, Nestle India,Gail,Axis ,SBI,IOC,HDFC, Coal India,ONGC,Kotak Bank were the gainers with a gain of 5.11%, 4.53%, 4.17%, 4.16%, 4.08%, 4.04%, 3.74%, 3.55%, 3.35% respectively while shares of Divi’s Lab, Eicher Motors, Hero Moto Corp,Cipla,Bajaj Auto,TCS,Mahindra and Mahindra ,Bharti Airtel, Adani Ports,UPL, Maruti were the losers with a loss of 3.60%, 3.15%, 2.94%, 2.33%, 2.02%, 1.75%, 1.39%,1.31%, 0.93%, 0.72%, 0.58% respectively.

Asian markets advanced on Monday on hopes of a U.S. fiscal package and expectations of a coronavirus vaccine.

European stocks and U.S. equity futures climbed on hopes for a U.S. stimulus package and after Chinese growth data showed that economy continues to recover from the COVID-19 pandemic.

TOP STOCKS IN NEWS:

ICICI Bank, Axis Bank gained over 5% after two private sector banks - HDFC Bank and Federal Bank - reported a healthy operational performance for July-September 2020 quarter of the current fiscal (Q2FY21).

State Bank Of India (SBI) gained over 4% as Economists at State Bank of India (SBI) have proposed an "Adopt-A-Family" scheme where a taxpayer is incentivized to adopts a BPL family, whose income has been hit due to covid-19 impact.