INDIAN EQUITY MARKET ENDED OVER 2% LOWER AMID WEAK GLOBAL CUES

Domestic Equity Market ended over 2% loss on Monday owing to sell-off in global markets on rising coronavirus cases across the globe.

The BSE Sensex tumbled 811.68 points, or 2.09 per cent to settle at 38,034 .14 levels.3 out of 30 stocks were in advance while 27 stocks were in decline.It Touched intraday high of 38,990.76 and low of 37,938.53.

The NSE Nifty 50 ended at 11,222.20, down 282.75 points, or over 2.46 per cent.3 out of 50 stocks were in advance while 47 stocks were in decline. It touched intraday high of 11,535.25 and low of 11,218.50.

On Sectoral Front, all the sectoral Indexes were in red. Realty Index bleed the most with a loss of 5.64% and followed by Metal,Media,Pharma,Auto,FMCG,Bank,Energy,IT Indexes were having a loss of 5.64%, 5.16%, 4.51%, 4.23%, 4.04%, 3.02%, 3.02%,2.60%, 0.49% respectively.

On BSE, Shares of Kotak Bank, Infosys, TCS were the gainers with a gain of 0.86%, 0.67%, 0.57% respectively while shares of IndusInd Bank,Bharti Airtel ,Tata Steel, ICICI Bank, Mahindra & Mahindra, Maruti, Axis Bank were the losers with a loss of 8.67%, 5.81%, 5.58%, 5.15%,4.90%, 4.90%,4.52% respectively.

On NSE, Shares of TCS, Infosys, Kotak Bank were in advance with a gain of 0.78%, 0.47%, 0.25% respectively shares of IndusInd Bank, Tata Motors,Hindalco,Tata Steel,JSW Steel,Bharti Airtel,Infratel,Mahindra & Mahindra ,ICICI Bank ,Cipla ,Maruti, Axis Bank were the losers with a loss of 8.55%, 7.81%, 7.24%, 6.17%, 5.98%, 5.44%, 5.39%, 5.14%, 5.07%,4.85%,4.82% respectively.

Asian stock markets were mostly lower Monday after Wall Street declined for a third week and Britain reported a rise in coronavirus infections.

European stocks retreated Monday as allegations surrounding bank dealings and rising coronavirus infections weigh on market sentiment around the world.

TOP STOCKS IN NEWS:

TCS gained nearly 1% as Tata Consultancy Services has set up 11 first-line COVID-19 isolation centres within its premises in various cities in India, including Mumbai, Indore and Nagpur.

Infosys gained nearly half percent in today’s trading session as Infosys has started to make some decisions on promotions and salary hikes for some employees and will review it by the end of the current quarter, which ends in September.

Tata Motors lose over 7% as the company announced a new limited-period subscription offer for its electric SUV Nexon, under which a customer can lease the vehicle at an all-inclusive fixed rental of Rs 34,900 per month.