INDIAN EQUITY MARKET REPORTED PROFIT BOOKING FOLLOWING THE GLOBAL TRENDS

Domestic Equity Market showed a negative sign on Friday as concerns over coronavirus lockdown in China and European countries weighed on market sentiment. Selling was seen in all sectors during the day.Net buying of FII/FPI was at Rs.971.06 crore while net selling of DII was at Rs.942.07 crore. The Sensex ended 549.49 points or 1.11% lower at 49,034.67 levels with shares of Bharti Airtel, ITC, Bajaj Auto, Bajaj Finance were having gains of 3.84%, 1.77%, 0.16%, 0.11% respectively while shares of Tech Mahindra,HCL Tech,ONGC, Asian Paints, Ultratech Cement, HDFC were the losers with a loss of 4.35%, 3.73%, 3.48%, 2.76%, 2.39%, 1.95% respectively. The Nifty50 settled at 14,433.70 levels, down 161.90 points or 1.11 per cent lower with IT, Energy, Realty, Pharma, Media, Metal ,Bank Indexes were having a loss of 2.24%, 1.86%, 1.82%, 1.65%, 1.27%, 1.11%,0.84% respectively.

TOP STOCKS IN NEWSCAST:

Bharti Airtel gained over 3% as the global index provider MSCI said it will take a decision on increasing the weightage of the telecom services provider at upcoming index review in February.

Bajaj Auto rose nearly half percent as the company has shipped a total of 12,36,617 units.

Bajaj Finance surged half percent as the company has allotted 2,220 secured Non-Convertible Debentures (NCDs) of the face value of Rs10 lakh each aggregating to R222cr on a private placement basis.

ONGC lose over 3% as the global crude oil is still not enough to give a much-needed windfall to oil exploration and production companies.