INDIAN EQUITY MARKET RETRIEVED FROM THE MORNING LOSSES AND ENDED WITH MARGINAL GAINS

Domestic Equity Market recovered from its morning losses and ended higher tracking Positive economic data along with improving quarterly outlook helped the market. Gains in FMCG, pharma and auto sectors also lifted the sentiment. Midcap indexes ended absolutely flat. Net Buying of FII/FPI was at Rs.1076.62 crore while Net selling of DII was at Rs.188.10 crore. The Sensex ended 91.84 points higher to close high of 49,584.16 with shares of TCS,IndusInd Bank, L & T, ITC, Reliance, HUL, Sun Pharma were the gainers with a gain of 2.89%, 2.84%, 1.80%, 1.35%, 1.11% ,1.08%,0.82% respectively while shares of HCL Tech, Axis Bank, Asian Paints, Ultratech ,Infosys, Tech Mahindra, Titan were the losers with having loss of 2.63%, 1.71%, 1.32%, 1.26%, 1.23%, 1.19%, 1.04% respectively. The NSE Nifty rose 30.75 points or 0.21% to its record close of 14,595.60 with 26 stocks were in advance while 24 stocks were in decline. Sectoral Indexes like Energy, Pharma, FMCG, Auto were in gainers screen with a gain of 1.37%, 0.84%, 0.77%, 0.29% respectively while Metal, Media, Bank, IT Indexes were the losers with a loss of 1.02%, 0.23%, 0.17%, 0.14% respectively.

TOP STOCKS IN NEWSCAST:

TCS gained nearly 3% as the company has launched the Autoscape solution suite to enable connected and autonomous vehicle ecosystem players – such as automotive OEMs, suppliers, fleet owners and start-ups – to pursue new business models, launch new services quickly and deliver differentiated experiences and value to end-customers.

IndusInd Bank rose over 2% as after the market regulator Sebi granted two more weeks extension in residual capital infusion in lieu of conversion of warrants.

L & T jumped nearly 2% as the company has received multiple orders across its business segments in the domestic market.