INDIAN EQUITY MARKET ENDED WITH GAINS AFTER SIX DAYS OF LOSING STREAK

Domestic Equity Market ended with a strong note on Friday amid A low-level buying supported by positive global cues helped domestic equity indices recoup over half of the losses sustained in the previous session.

The BSE Sensex ended 835.06 points, or 2.28 per cent higher at 37,388.66 levels.30 out 30 stocks were in advance while 0 shares were in decline .It touched intraday high of 37,471.17 and low of 36,730.52.

The NSE Nifty 50 rose 2.26% or 244.70 Points to ended at 11,050.25.47 out of 50 stocks were in advance while 3 stocks were in decline. It touched intraday high of 11,072.60 and low of 10,854.85.

On Sectorial Front, IT, Media, Auto, Metal, Bank, Pharma, Realty, FMCG, Energy Indexes were the gainers with a gain of 3.46%,3.43%, 3.38%, 2.88%, 2.57%, 2.31%, 2.10%, 2.03%, 1.91% respectively.

On BSE, Shares of Bajaj Finserv, HCL Tech, Bharti Airtel, IndusInd Bank, L & T,TCS,ICICI Bank, ONGC, Infosys, Bajaj Finance were the top gainers with a gain of 6.85%,5.01%, 4.98%, 4.97%, 4.58%,3.89%, 3.78%, 3.77%, 3.66%, 3.64% respectively.

On NSE, Shares of Bajaj Finserv, HCL Tech, Cipla, Bharti Airtel, L & T, IndusInd Bank, Grasim, Adani Ports, Eicher Motors, TCS,ICICI Bank ,Tata Motors were the top gainers with a gain of 6.60%, 5.30%, 5.12%, 4.94%, 4.44%, 4.44%, 4.01%, 4.00%, 3.90%, 3.67%,3.52%,3.42% respectively while shares of SBI Life, BPCL ,UPL were the losers with a loss of 1.11%,0.86%,0.58% respectively.

Asian shares rose on Friday after robust US housing data supported a late tech-driven rally on Wall Street, with investors picking up the pieces a day after a broad regional index posted its biggest daily loss in more than three months.

European stock markets fell on Friday, as the region’s soaring coronavirus pandemic cases weighed on sentiment, and investors wound down what is set to be the worst week for trading since June.

TOP STOCKS IN NEWS:

HCL Tech gained over 5% on Accenture’s outsourcing strength as the company recorded $14 billion in new deal wins, more than half of which came from the out sourcing segment.

Bharti Airtel rose over 4% as Bharti Airtel added as many as 3.7 million active mobile users in June, wresting the top spot on this score from Reliance Jio Infocomm, which lost 2.1 million active subscribers.