INDIAN EQUITY MARKET ENDED HIGHER ON TODAY LEAD BY BUYING IN PHARMA AND FINANCIAL COUNTERS

Domestic equity market ended higher on Tuesday led by the positive sentiment across global markets and buying sentiment in pharma and financial space.

The BSE Sensex ended 287.72 points, or 0.74 per cent higher at 39,044.35 levels.21 out of 30 stocks were in advance while 9 stocks were in decline. It touched intraday high of 39,102.25 and low of 38,753.68.

The NSE's Nifty50 ended at 11,521.80, up 81.75 points, or 0.71 per cent.32 out of 50 stocks were in advance while 18 stocks were in decline .It touched intraday high of 11,535.95 and low of 11,442.25.

On Sectoral Front, Pharma, Bank, IT, Energy Indexes were in the gainer side with a gain of 1.93%, 1.65%, 0.63%, 0.44% respectively while Realty, Media, FMCG, Metal, Auto Indexes were the losers with a loss of 0.72%, 0.42%, 0.16%, 0.06%, 0.02% respectively.

On BSE, Shares of IndusInd Bank,Bharti Airtel, Axis Bank, Bajaj Finance, ICICI Bank, Sun Pharma, HDFC, Kotak Bank were the gainers with a gain of 4.03%,2.33%, 2.17%,2.15%, 2.14%, 2.07%, 1.54%,1.49% respectively while shares of Titan,Maruti,ITC,Asian Paints, Mahindra & Mahindra, HCL Tech, Bajaj Auto,Nestle India, TCS were the losers with a loss of 1.20%, 1.02%, 0.85%, 0.67%, 0.35%, 0.31%, 0.29%, 0.17%, 0.08% respectively.

On NSE, Shares of IndusInd Bank, Cipla, UPL, Axis Bank,Bharti Airtel, ICICI Bank, Bajaj Finance, Sun Pharma were in gainer with a gain of 4.68%, 2.88%, 2.75%, 2.34%, 2.31%, 2.20%, 2.16%, 2.16% respectively whereas shares of Titan, Maruti, HDFC Life, Eicher Motors, ITC, BPCL, Asian Paints, Coal India ,Bajaj Auto were the losers with a loss of 1.35%, 1.11%, 0.91%,0.85%, 0.82%, 0.70%, 0.64%, 0.51% respectively.

Asian markets were mixed in early trading Tuesday, after Wall Street rebounded from a rough week and China indicated its economic recovery sped up last month.

European stocks climbed for a third day, supported by improving Chinese economic data and positive results coming from retailers.

TOP STOCKS IN NEWS:

IndusInd Bank gained over 4% as IndusInd Bank included in the top picks for Jefferies as it said they offer a better risk-reward.

Bharti Airtel jumped over 2% as Indian press reports indicate that rating agency Moody’s has upgraded its outlook for Bharti Airtel from negative to stable, noting that the AGR ruling will ‘alleviate pressure on cash flow and help improve operating flexibility’.

Maruti Suzuki lose over 1% as Maruti Suzuki Chairman RC Bhargava has previously pointed out tax on cars in India was far higher than anywhere else.