INDIAN EQUITY MARKET CONTINUED THE WINNING STREAK FOR THE FOURTH STRAIGHT SESSION

Domestic Equity Market maintained the budget rally for the fourth straight day led by FMCG, metal, and banking stocks.Net buying of FII/FPI was at Rs.1,936.74 crore while net selling of DII was at Rs.768.55 crore. At close, the Sensex ended 358.54 points or 0.71% higher at its record close of 50,614.29 with shares of ITC,SBI, Bajaj Finance, ONGC, Mahindra & Mahindra, Kotak Bank ,Bajaj Finserv gained over 6.11%, 5.73%, 4.85%,4.72%, 4.02%, 3.21%,1.96%, 1.90% respectively while shares of Asian Paints, IndusInd Bank,Bharti Airtel,Tech Mahindra, Titan,Powergrid,Infosys were having loss of 2.08%, 1.68%, 1.39%, 1.28%, 0.68%, 0.53%, 0.50% respectively. the Nifty rose 105.70 points or 0.71% to end at its closing high of 14,895.65 with indexes like FMCG,Media,Metal,Bank,Energy were having gains of 2.45%, 2.05%,1.95%, 1.69%, 1.40% respectively whereas IT Index was the only loser with a loss of 0.43%.

TOP STOCKS IN NEWSCAST:

ITC gained over 6% as the company has strengthened its partnership with the retailer community which spans across 2 million channel partners in the network.

SBI

rose over 5% as Net interest income of the company grew by 3.7 percent year-on-year to Rs 28,819.94 crore in Q3FY21.

Bajaj Finance surged over 4% as the company increased its fixed deposit rates by up to 40 basis points for tenors of 36 to 60 months.

ONGC

rose over 4% as it had received a letter of award with the Indian oil company ONGC for the charter of its ultra-deep water drillship Platinum Explorer.