INDIAN EQUITY MARKET BROKE SIX DAY OF WINNING STREAK AND CLOSED WITH MARGINAL LOSSES

Domestic Equity market closed with marginal losses dragged by selling in auto, metals and pharma stocks. Net Buying in FII/FPI was at Rs. 1300.65 crore while Net selling in DII was at Rs.1756.24 crore.At close, the benchmark Sensex fell 19.69 points, or 0.04 percent, to 51,329.08 with stocks like Asian Paints, ONGC, Titan, L & T, Axis Bank, Ultratech Cement, Nestle India, Maruti were the topmost gainers with having gains of 3.70%, 1.30%, 1.23%, 0.91%, 0.86%, 0.85%, 0.79% respectively while shares of Mahindra & Mahindra, Bajaj Finance, ITC, Sun Pharma, Bajaj Auto, Bajaj Finserv, TCS were having loss of 3.62%, 1.83%, 1.76%, 1.73%, 1.69%, 1.30%, 1.22% respectively. The Nifty ended 6.50 points, or 0.04 percent lower at 15,109.30 with Indexes like Media, Metal, Auto, Pharma, Realty Indexes were having loss of 1.87%, 1.87%, 1.39%, 1.22%, 0.67% respectively while Bank and Energy Indexes were having loss of 0.20%, 0.12% respectively. Broader indices, Nifty Smallcap 100 and Nifty Midcap100 ended 0.46 and 0.08 percent lower.

TOP STOCKS IN NEWSCAST:

ONGC gained over 1% as the company has signed an MoU with the Union Territory of Ladakh and Ladakh Autonomous Hill Development Council, Leh, to develop the country’s first Geothermal Field Development Project.

Titan rose over 1% as the company has expanded its portfolio within the wearable category by launching its new smart fitness gear brand TraQ.

L & T surged nearly 1% as the company is set to enter the online engineering education space with the launch of L&T Edutech in September.