INDIAN EQUITY BENCHMARK INDICES ENDED MARGINALLY LOWER FOR THE SECOND STRAIGHT DAY

Domestic equity Market stayed volatile throughout the session and ended marginally lower amid losses in financial and select IT stocks. At close, the Sensex ended 19.69 points, or 0.04 percent lower at 51,309.39 with stocks like Bajaj Finserv, Mahindra & Mahindra, Bajaj Finance, TCS, Reliance, HUL, HDFC were having gains of 2.96%, 2.21%, 1.47%, 1.11%, 0.99%, 0.87%, 0.84% respectively while shares of HDFC Bank, Bharti Airtel, Axis Bank, ONGC, Nestle India, L & T, Infosys were having loss of 1.77%, 1.45%, 1.06%, 1.04%, 0.91%, 0.85%,0.68% respectively. The Nifty fifty settled at 15,106.50, down 2.80 points, or 0.02 percent with indexes like Realty, Auto, IT, Energy, Media Indexes were having gains of 1.63%, 0.95%, 0.41%, 0.12%, 0.03% respectively while Bank, FMCG, Pharma, Metal Indexes were having loss of 0.76%, 0.13%, 0.08%, 0.08% respectively.

TOP STOCKS IN NEWSCAST:

Bajaj Finserv gained nearly 3% after the government proposed to increase foreign direct investment in the insurance sector to 74 per cent.

Mahindra & Mahindra rose over 2% as the company reported a healthy operational performance in Q3FY21. Standalone net sales were at Rs 14,216 crore (up 15.2% YoY) – with automotive and tractor ASPs at Rs 6.92 lakh/unit (down 1.6% QoQ) and Rs 5.19 lakh/unit (flat QoQ), respectively.

TCS surged over 1% as TCS and pharmaceutical and biotech major Wockhardt are among the big investment wins being celebrated in the UK as International Trade Secretary Liz Truss concluded her five-day visit to India this week. Tata Consultancy Services (TCS) will recruit 1,500 technology employees across the UK over the next year.