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WEEKLY EQUITY REPORT:INDIAN EQUITY MARKET WITNESSED A GAIN OF 1.60% IN THIS WEEK

Domestic Equity Market stayed volatile and ended the week with decent gains. The Nifty Fifty Index reported a gain of 1.60% in this week over the previous week’s close. Domestic Equity Market closed at record high levels on Monday as investor optimism stayed elevated. Domestic Equity market closed with marginal losses on Tuesday dragged by selling in auto, metals and pharma stocks. Domestic equity Market stayed volatile throughout the session on Wednesday and ended marginally lower amid losses in financial and select IT stocks. Domestic Equity Market ended the volatility session on a higher note on Thursday led by gains in metals, FMCG and IT stocks. Domestic Equity Market ended with a flat note on Friday dragged by losses in metals, FMCG, auto and pharma stocks amid mixed cues from global equities. Sectoral Indexes like IT,Realty,Energy, Auto, Bank, Metal were the weekly movers with having gains of 3.01%, 2.72%, 1.94%, 1.76%, 1.27%, 1.25% whereas FMCG, Media, Pharma Indexes were the draggers with a loss of 2.07%, 1.96%, 1.27% respectively.

TOP STOCKS IN NEWSCAST:

Mother Son Sumi system jumped over 26% as profit and revenue surged in the third quarter and debt reduced.

Hindalco gained over 10% as the company reported a 77% year-on-year jump in consolidated net profit for the December quarter at Rs 1,877 crore as against a net profit of Rs 1,062 crore during the same quarter last year, mainly on account better volumes from India operations and record-high shipments from Novelis.

IDFC First Bank surged over 7% as the bank has allotted 6,32,660 fully paid up equity shares of Rs. 10 each to the allottee(s) upon exercise of stock options under IDFC FIRST Bank Employee Stock Option Scheme.

ITC lost nearly 7% after it reported an 11.4-per-cent decline in its year-on-year (YoY) consolidated profit for the December 2020 quarter.

Torrent Pharma fell over 6% as sales declined in the drugmaker’s second-biggest market.





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