INDIAN EQUITY MARKET ENDED LOWE AFTER RECORDING A FOUR DAY WINNING STREAK

Domestic Equity Market ended lower on Thursday due to the slip in pharma, IT and banking stocks.

The BSE Sensex ended 148.82 points, or 0.37 per cent lower at 40,558.49 levels .11 out of 30 stocks were in advance while 19 stocks were in decline. It touched intraday high of 40,721.57 and low of 40,309.05.

The NSE's Nifty50 index slipped 41.20 points, or 0.35 per cent to 11,896 levels.22 out of 30 stocks were in advance while 28 stocks were in decline. It touched intraday high of 11,939.55 and low of 11,823.45.

On Sectoral Front, Energy, Media, Metal, Realty, FMCG Indexes were the gainers with a gain of 1.00%, 0.76%, 0.68%, 0.36%, 0.11% respectively while Pharma,IT,Bank,Auto Indexes were the losers with a loss of 0.86%, 0.76%, 0.61%, 0.18% respectively.

On BSE, Shares of NTPC, Bharti Airtel,Bajaj Finance, Axis Bank, Tata steel, ONGC,L & T,HUL were the gainers with a gain of 3.10%, 2.77%, 2.47%, 1.80%, 1.50%, 1.47%, 1.25%,0.74% respectively while shares of HUL,ICICI Bank, Infosys, Titan, HDFC Bank, Nestle India,Maruti,Tech Mahindra were the losers with a loss of 3.10%, 1.76%, 1.58%, 1.23%, 1.13%, 1.03%, 0.85%, 0.85% respectively.

On NSE, Shares of NTPC, Tata Motors ,Bharti Airtel, IOC, Bajaj Finance, Britannia, Tata steel, Axis Bank, ONGC,L &T were the gainers with a gain of 4.13%, 3.07%, 2.86%, 2.70%, 2.29%,2.00%, 1.89%, 1.72%,1.62%,1.09% respectively while shares of Hero Moto corp, IndusInd Bank, ICICI Bank, Titan, Hindalco, HDFC Bank, Infosys, Nestle India, Cipla, Sun Pharma were the losers with a loss of 3.03%, 2.99%, 1.62%, 1.43%,1.21%, 1.18%, 1.13%,1.06%,1.06% respectively.

Asian Market traded lower on Thursday as investors watched Washington for signs of whether political leaders can agree on an economic aid plan in the two weeks before the Nov. 3 presidential election.

European stocks retraced early losses to trade mixed on Thursday as investors digested uncertainty over U.S. coronavirus stimulus, new consumer data and a raft of corporate earnings.

U.S. stock futures and overseas indexes wavered Thursday, with investors paying close attention to negotiations in Washington over a fresh stimulus bill.

TOP STOCKS IN NEWS:

NTPC gained over 3% as the company has featured on the top on the list of Indian PSUs under 'World's Best Employer 2020', published by Forbes.

Axis Bank gained over 1% as the bank is offering huge concessions on home loan interest rates to boost demands.