EQUITY MARKET WAS UNDER PRESSURE THROUGHOUT THE DAY AND SELLING WAS SEEN ACROSS THE BOARD

Domestic Equity Market plunged near 1% lower amid weak global cues and selling pressure across sectors. Midcap stocks remained under pressure. Net buying in FII/FPI was at Rs.650.60 crore while net selling in DII was at Rs.42.51 crore. The Sensex ended 0.96 percent, or 470.40 points lower at 48,564.27 with shares of Reliance, Titan, HDFC Bank ,ITC were having gains of 2.37%,1.86%, 1.15%, 0.76% respectively while shares of ONGC, Sun Pharma, IndusInd Bank, Powergrid, Bajaj Finance, Bajaj Finserv ,SBI were the losers with a loss of 4.59%, 3.74%, 3.71%, 3.50%, 3.44%,3.21% respectively .The Nifty closed at 14,281.30, down 1.06 percent, or 152.40 points with Indexes like Metal, Pharma, Media, Realty, IT, Bank ,Auto Indexes were having loss of 4.08%, 2.77%,2.25%, 2.02%, 1.69%, 1.35%, 1.06% respectively.

TOP STOCKS IN NEWSCAST:

Reliance surged over 2% as the company aims to integrate JioMart in WhatsApp within 6 months. The integration will allow JioMart catapult its reach across India, allowing Reliance Retail to pose a serious challenge to Flipkart and Amazon’s domination in India’s fast-growing online retail market.

HDFC Bank gained over 1% after the country's largest private sector lender reported a standalone profit of Rs 8,758.3 crore for the quarter ended December 2020, rising 18.1 percent year-on-year.

ITC jumped nearly 1% as the company is expected to post a 4.6% revenue growth on the back of 4% growth in cigarettes sales. This is due to strong demand conditions, backed by festive season demand and increasing out of home activity, fast moving consumer goods (FMCG) companies are likely to witness stronger growth in the December quarter.