INDIAN EQUITY MARKET WITNESSED BUYING NTEREST IN THE AFTERNOON SESSION

Domestic Equity Market ended the volatility session on a higher note on Thursday led by gains in metals, FMCG and IT stocks. Net buying in FII/FPI was at Rs.944.36 crore while net selling of DII was at Rs.707.68 crore. The Sensex ended 222.13 points or 0.43 points higher at 51,531.52 with shares of Reliance, Sun Pharma, Bajaj Finance, Powergrid, Nestle India, Bharti, HUL, HCL Tech were the gainers with a gain of 4.07%, 2.62%, 1.60%, 1.59%, 1.45%, 1.41%, 1.19%, 1.16% respectively while shares of Titan, L & T, HDFC Bank, ITC, ONGC, SBI, HDFC ,Infosys were having loss of 2.50%, 1.43%, 0.70%, 0.53%, 0.50%, 0.48%, 0.43%, 0.32% respectively. The Nifty closed at 15,173.30, up 66.80 points, or 0.44 percent with indexes like Energy, Metal, FMCG, IT Indexes were having gains of 1.35%, 1.02%, 0.81%, 0.61% whereas Indexes like Auto, Realty, Media, Bank Indexes were having loss of 0.41%, 0.26%, 0.24%, 0.09% respectively.

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Reliance surged over 4% as Mukesh Ambani led Reliance Jio has reportedly deposited earnest money of over Rs 9,000 crore, which would allow it to buy 4G spectrum worth Rs 45,000-66,000 crore in the upcoming March auction.

Sun Pharma rose 3% as Dilip Shanghvi, managing director at Sun Pharmaceutical Industries Ltd., and certain other executives have settled a case involving whistleblower complaints that alleged India’s largest drug maker and its subsidiary of diverting funds through its sole distributor in the country.

Powergrid gained over 1% as S&P Global Ratings has assigned Power Grid Corporation's stand-alone credit profile a 'BBB' rating from 'BBB-' earlier, on stronger financials.