INDIAN EQUITY MARKET ENDED HIGHER ON TODAY’S TRADING SESSION LEAD BY FINANCIAL STOCKS

Domestic Equity Market ended higher on Friday after the monetary policy committee (MPC) of the RBI left the repo rate unchanged at 4 per cent but announced a slew of liquidity measures to support the economy.

The BSE Sensex today ended 326.82 points, or 0.81 per cent higher at 40,509.49 levels.15 stocks were in advance while 15 stocks were in decline. It touched intraday high at 40,585.36 and low of 40,066.54.

On Sectoral front, Bank, IT, Energy Indexes were the gainers with a gain of 2.83%, 0.65%, 0.36% respectively while Realty, Pharma, Media, FMCG, Metal, Auto Indexes were the losers with a loss of 1.62%, 1.35%, 0.86%, 0.70%, 0.51%, 0.25% respectively.

The Nifty50 settled at 11,914.20, up BY 79.60 points, or 0.67 per cent. 24 out of 50 stocks were in advance and 26 stocks were in decline. It touched intraday high of 11,938.60 and low of 11,805.20.

On BSE, Shares of ICICI Bank, Axis Bank, SBI,HDFC Bank, L & T, ONGC ,Infosys were the gainers with a gain of 3.64%,3.64%,3.52%,3.51%,3.10%,2.70%,1.24% respectively while shares of Sun Pharma, Asian Paints, Nestle India, Ultratech Cement ,HUL, Tata steel were the losers with a loss of 2.08%, 1.92%, 1.68%, 1.07%, 1.02%, 1.02% respectively.

On NSE, shares of Wipro ,ICICI Bank, Axis Bank, SBI,HDFC Bank ,L & T, Gail, Shree Cement, ONGC, Hero Moto Corp, Coal India were the gainers with a gain of 4.40%4.06%, 3.74%, 3.68%, 3.64%, 3.29%, 2.32%, 2.20%, 2.12%,1.86%, 1.68% respectively while shares of Grasim, Hindalco, UPL, Sun Pharma, SBI Life, Asian Paint, Tata Motors, Nestle India, HDFC Life ,Britannia were the losers with a loss of 2.69%, 2.53%, 2.35%, 2.12%, 2.08%, 1.81%, 1.67%, 1.67%, 1.40%, 1.30% respectively.

On Asian shares were trading with gains on Friday as revived hopes for a US. stimulus deal helped investors overlook weaker-than-expected jobs data and growing global coronavirus cases.

European markets edged higher on Friday as investors monitor talks on fresh coronavirus relief package stateside.

TOP STOCKS IN NEWS:

ICICI Bank, SBI, Axis Bank gained on today’s trading session as the Monetary Policy Committee announced their rate decision and outlook on growth.

L & T gained nearly 4% after foreign broking house Jefferies maintained buy rating with a target of Rs 1,280 per share.

ONGC gained over 2% as State-owned ONGC will explore oil and natural gas in an area of 2,118.83 sq km at the Bikaner district of Rajasthan, for which the company has been allocated a block for three years.