INDIAN EQUITY MARKET INDICES SENSEX AND NIFTY ENDED LOWER ON THURSDAY

Domestic Equity Market ended with negative notes on Thursday dragged by financial stocks and index heavyweights RIL and Bharti Airtel.

The BSE Sensex ended 95.09 points, or 0.24 per cent lower at 38,990.94 levels.13 out of 30 stocks were in advance while 17 stocks were in decline .It Touched intraday high of 39,236.36 and low of 38,943.43.

The NSE Nifty50 settled at 11,527.45, down 7.55 points, or 0.07 per cent.28 out of 50 stocks were in advance while 21 stocks were in decline and 1 share unchanged. It touched intraday high 11,584.95 and low of 11,507.65.

On Sectoral Front, IT, Pharma, Auto, FMCG, Media Indexes were the gainers with a gain of 1.50%,0.94%, 0.91%, 0.75%, 0.01% respectively while Bank, Energy, Metal, Realty Indexes were the losers with a loss of 1.44%, 0.77%, 0.55%, 0.20% respectively.

On BSE, Shares of Titan, Tech Mahindra, Nestle India, Maruti, Sun Pharma, Asian Paints ,TCS were the gainers with a gain of 5.71%, 3.35%, 2.46%, 2.17%, 1.69%, 1.67%, 1.53% respectively while shares of ICICI Bank,Bharti Airtel ,Axis Bank, Kotak Bank, Powergrid, IndusInd Bank were the losers with a loss of 2.42%, 2.23%, 2.02%, 1.64%, 1.57%, 1.51% respectively.

On NSE, Shares of Infratel, Grasim, Titan, UPL ,Tech Mahindra, Wipro, Nestle India, Eicher Motors, Maruti were the gainers with a gain of 11.17%, 7.14%, 5.94%, 4.40%, 3.51%, 3.51%, 2.64%, 2.60%, 2.18% respectively while shares of ICICI Bank,Bharti Airtel, Axis Bank, Kotak Bank,Powergrid,Hindalco,ONGC,Bajaj Finance were the losers with a loss of 2.17%, 2.08%, 1.79%, 1.78%, 1.68%, 1.66%, 1.56%,1.48% respectively.

Asian stock markets rose Thursday after Wall Street turned in its biggest daily gain since July despite uncertainty about the global outlook.

European shares jumped to the highest in more than a month after France introduced new stimulus measures to drive the economy and spur job creation.

TOP STOCKS IN NEWS:

Bharti Infratel rose over 11% after the company got a go-ahead from the board for Indus Tower merger.

Shares of Tech Mahindra gained over 3% as the company has launched a dedicated ‘Microsoft business unit’ that will help accelerate digital transformation for its customers worldwide.

Maruti Suzuki gained over 2% as the company has shown tremendous recovery post-lockdown ,recorded a 15.3 per cent growth on a Year-on-Year (YoY) basis, and a 17.1 per cent on Month-on-Month (MoM) basis.