INDIAN EQUITY MARKET CLOSED WITH GAINS ON MONDAY LED BY FINANCIAL AND AUTO STOCKS

Domestic Equity Market ended higher on Tuesday led by financial stocks and Auto stocks and healthy buying in counters such as HDFC, HDFC Bank, ICICI Bank, Infosys, and Asian Paints.

The BSE Sensex gained 600.87 points, or 1.54 per cent to settle at 39,575.57 levels.24 out of 30 stocks were in advance while 6 stocks were in decline. It touched intraday high of 39,623.76 and low of 39,191.10.

The Nifty50 index ended at 11,662.40, up 159.05 points, or 1.38 per cent. 37 out of 50 stocks were in advance while 13 stocks were in decline. It touched intraday high of 11,680.30 and low of 11,564.30.

On Sectoral Front, Realty, Bank, Media, Auto, IT Indexes were the gainers with a gain of 2.59%, 2.16%, 1.83%, 1.26%, 0.42% respectively while Metal , Energy, FMCG, Pharma Indexes were the losers with a loss of 0.70%, 0.22%, 0.19%, 0.12% respectively.

On BSE, Shares of HDFC, IndusInd Bank, Mahindra & Mahindra, Asian Paint, Bajaj Finance,HDFC Bank,Ultratech Cement were the gainers with a gain of 8.35%,3.44%, 3.42%, 3.16%, 2.80%, 2.70%, 2.22% respectively while shares of Tata Steel, Nestle India,L & T,Sun Pharma,NTPC,Reliance were the losers with a loss of 1.26%, 1.00%, 0.46%, 0.45%, 0.24%, 0.05% respectively.

On NSE, Shares of Tata Motors ,HDFC, Adani Ports, Mahindra & Mahindra, IndusInd Bank, Asian Paints, HDFC Bank, Bajaj finance, Bajaj Finserv, Ultratech Cement were the gainers with a gain of 7.73%, 7.56%, 3.53%,3.48%, 3.32%, 3.11%, 2.62%, 2.55%, 2.02%, 1.99% respectively while shares of Britannia ,Coal India, Wipro, Hindalco, Tata Steel, Eicher Motors ,Nestle India, BPCL, Dr. Reddy were the losers with a loss of 1.53%, 1.31%, 1.27%,1.23%, 1.16%, 0.84%,0.83%,0.76%0.49% respectively.

Asian Market advanced on Tuesday after hopes for economic aid from Washington helped Wall Street recover its losses from the initial shock of learning President Donald Trump had tested positive for the coronavirus.

European stocks edged lower on Tuesday with global markets reacting to President Donald Trump’s return to the White House on Monday to continue his coronavirus treatment.

TOP STOCKS IN NEWS:

Tata Motors stood as the top gainer after the company's luxury car flagship Jaguar Land Rover (JLR) recorded healthy sales during July - September 2020 (Q2FY21) supported by a robust response in China market amid Coronavirus pandemic. On quarter-on-quarter, JLR sales have improved.

HDFC gained over 7% after the company’s individual loan disbursements in the second quarter of FY21 reached 95 per cent of the level seen in the year-ago period.

Mahindra & Mahindra rose over 3% as Mahindra Thar has crossed 9,000 in bookings in just four days since which was officially launched on October 2.