INDIAN EQUITY BENCHMARK INDICES WITNESSED RECORD HIGH LEVELS ON MONDAY

Domestic equity market showed a positive sign on Monday led by strong gains in IT, auto and pharma stocks. Net buying of FII/FPI was at Rs. 3,138.90 crore while net selling of DII was at Rs.2,610.13 crore. The Sensex ended 486.81 points, or 1.00 percent higher at higher 49,269.32 levels with stocks like HCL TECH ,Infosys, HDFC, Maruti, Tech Mahindra, Bajaj Auto , Mahindra & Mahindra were having gains of 6.09%, 4.90%, 3.70%, 2.75%, 2.54%, 2.40%, 2.37% respectively while stocks like Bajaj Finserv,Bajaj Finance, Reliance, L & T, Kotak Bank, SBI , NTPC were the losers with a loss of 1.92%, 1.90%, 1.86%, 1.71%, 1.61%, 1.28% respectively . The Nifty rose 137.50 points or 0.96 percent to close at 14,484.75 levels with IT, Auto, FMCG, Pharma Indexes were having gains of 3.31%, 2.61%, 1.18%, 1.06% respectively while Media,Metal,Energy, Bank Indexes were having loss of 1.54%, 1.00%,0.85% respectively.

TOP STOCKS IN NEWSCAST:

HCL Tech surged over 6% as the company has to report Q3 earnings on January 15.

Infosys gained over 4% as investors hope in the sector for better-than-expected Q3 earnings surged after IT-giant Tata Consultancy Services (TCS) beats estimates during December 2020 (Q3FY21) period.

Maruti Suzuki jumped nearly 4% as the company posted a total of 1,40,754 units in December 2020 as against 1,22,784 units during the same period in 2019 with a Year-on-Year sales growth of 14.6 per cent.