INDIAN EQUITY MARKET FELL NEARLY 3% ON WEAK GLOBAL CUES

Domestic Equity Market ended nearly 3% lower on Thursday on the last of day of the futures & options (F&O) contracts for September series following a global selloff in stocks as fears of fresh pandemic restrictions kept domestic investors jittery.

The BSE Sensex tumbled 1,114.82 points, or 2.96 per cent to settle at 36,5543.6 0 levels.1 out of 30 stocks were in advance while 29 stocks were in decline. It touched intraday high of 37,304.26 and low of 36,495.98.

The NSE's Nifty settled at 10,805.55, down 326 .30 points or 2.93 per cent.3 out of 50 stocks were in advance while 47 stocks were in decline .It touched intraday high of 11,015.30 and low of 10,790.20.

On Sectoral Front, all the Indexes were in red. Metal, IT, Auto, Bank, Media, Realty, Pharma, Energy, FMCG Indexes were having a loss of 4.24%, 4.20%, 3.54%, 3.41%, 3.11%, 3.09%, 3.01%, 2.73%, 0.95% respectively.

On BSE, HUL was the only gainer with a gain of 0.36% while shares of IndusInd Bank, Bajaj Finance, Mahindra & Mahindra, TCS, Tech Mahindra ,Tata Steel, ICICI Bank were the top losers with a loss of 7.10%, 6.63%, 6.37%, 5.50%, 5.23%, 4.82%, 4.52% respectively.

On NSE, Shares of Infratel, Zee Limited, HUL were the gainers with a gain of 2.85%,0.89%,0.25% respectively while shares of IndusInd Bank ,Tata Motors, Bajaj Finance, Grasim, TCS, UPL, Tech Mahindra, Mahindra & Mahindra, Tata Steel, IOC, ICICI Bank were the losers with a loss of 7.45%,6.58%, 6.57%,5.68%, 5.45%, 5.05%, 5.05%, 5.00%, 4.79%,4.74%, 4.12% respectively.

Asian shares were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares.

European stocks retreated Thursday as investors’ hopes for economic recovery following the coronavirus pandemic falter amid a second wave of cases.

TOP STOCKS IN NEWS:

HUL gained in today’s trading session as the company is participating in the digitisation journey for general trade a shikar app now has 0.23mn outlets on boarded and has seen a two times rise in order value and no. of SKUs ordered.

TCS lose over 5% after the largest minority shareholder in Tata Group said it wanted to separate interests from the autos-to-steel conglomerate.