Domestic Equity market continued to fall for the third day on Thursday dragged by losses in the private banks, financial and auto stocks amid global cues. Net buying of FII/FPI was at Rs.903.07 crore while net selling of DII was at Rs.1217.34 crore. The Sensex declined 379.14 points, or 0.73 percent to close at 51,324.69 with shares of ONGC, NTPC,Asian Paints, Powergrid, IndusInd Bank, Infosys,SBI were having gains of 8.32%, 4.08%, 3.39%, 2.97%, 2.85%, 1.34%, 0.81%,0.75% respectively while shares of Bajaj Finance, Kotak Bank, Mahindra & Mahindra, Nestle India, HDFC, HDFC Bank ,ICICI Bank were having loss of 2.43%, 2.20%, 2.20%, 2.19%, 2.18%, 2.13%, 2.02%, 1.89% respectively. The Nifty ended at 15,118.95, down 89.95 points, or 0.59 percent with indexes like Auto, Bank, Media, Pharma, Realty, FMCG were having losses of 1.35%, 0.88%, 0.77%, 0.53%, 0.52%, 0.43% respectively while Energy, IT, Metal Indexes were having a gain of 2.54%, 1.33%, 1.31% respectively.
TOP STOCKS IN NEWSCAST:
ONGC gained over 8% as Prime Minister Narendra Modi's announcement to spend around Rs 7.5 trillion to build oil and gas infrastructure in India catapulted oil and gas shares at the bourses on Thursday.
NTPC surged over 4% as the company announced that unit-2 of its Gadarwara Super Thermal Power Station with 800 megawatt (MW) capacity, in Madhya Pradesh has been included in its installed electricity generation capacity.
IndusInd Bank gained over 1% as Global research firm Citi has a buy call on the stock and has raised target to Rs 1,300 per share.
Bajaj Finance lost over 2% as The sales manager at the Uruli Kanchan branch of the Bajaj Finance company was murdered by the accused customer in a fit of rage, after the latter was unable to repay the required amount despite repeated requests.