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INDIAN EQUITY MARKET ENDED WITH HIGHER NOTE FOR THE SIXTH CONSECUTIVE SESSION LED BY IT STOCKS

Domestic Equity Market ended higher on Thursday led by gains in IT stocks after Wipro's shares closed over 7 percent on buyback plans.

The BSE Sensex ended 303.72 points, or 0.76 per cent higher at 40,182.67 levels.16 out of 30 stocks were in advance while 14 stocks were in decline. It touched intraday high of 40,468.88 and low of 40,062.23.

The NSE's Nifty added 95.75 points, or 0.82 per cent to settle at 11,834.60 levels.23 out of 50 stocks were in advance while 22 stocks were in decline. It touched intraday high of 11,905.70 and low of 11,791.15.

On Sectoral front, IT, Pharma, Bank, Realty, Metal, Auto Indexes were the gainers with a gain of 3.23%, 2.47%, 0.99%, 0.57%, 0.21%, 0.17% respectively whereas Energy, Media, FMCG stocks were the losers with a loss of 0.90%, 0.50%, 0.11% respectively.

On BSE, shares of TCS, Ultratech Cement, HCL Tech, Infosys, HDFC Bank ,Sun Pharma ,Tech Mahindra were the gainers with a gain of 3.19%, 3.18%, 2.63%, 2.57%, 2.57%, 2.42%, 1.62% respectively while shares of ONGC,ITC, Reliance, L & T, Powergrid, Asian Paints, Bajaj Finserv were the losers with a loss of 2.84%, 1.36%, 0.81%, 0.75%, 0.75%, 0.63%, 0.60% respectively.

On NSE, Shares of Wipro, Cipla, TCS, Ultratech Cement, Infosys, HCL tech, HDFC Bank, Divi’s Lab, Sun Pharma,Dr. Reddy,Tech Mahindra were the gainers with a gain of 7.34%, 4.98%,3.02%, 3.01%, 2.62%, 2.59%, 2.38%, 2.30%, 2.25%, 2.08%,1.91% respectively while shares of Gail,ONGC,ITC,Eicher Motors ,L & T, Coal India, Powergrid, SBI Life, Reliance, BPCL, Asian Paints were the losers with a loss of 3.11%, 2.77%, 1.42%, 1.34%, 0.88%, 0.87%, 0.81%, 0.72%,0.71%, 0.66%, 0.62% respectively.

Asian markets mostly rose on Thursday as investors increasingly confident Joe Biden and the Democratic Party will win the presidency and both houses of Congress, paving the way for a huge new stimulus.

European stocks rose on Thursday, as optimism returned to financial markets on signs there might be some stimulus after all for the world’s largest economy.

U.S. stock futures ticked up Thursday ahead of fresh data on the number of Americans claiming unemployment benefits, which is likely to show marginal gains as the labor market continues its halting recovery.

TOP STOCKS IN NEWS:

Wipro gained over 7% as the company is considering to go for a share buyback programme.

Cipla rose over 4% on hope of a healthy operational performance. The company is expected to report strong growth driven by its portfolio of drugs to counter Covid-19.

TCS jumped over 3% as the net income of the company increased by 4.9% on a year-on-year basis to ₹ ₹8,433 crore.





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