Domestic Equity Market hit record highs on today’s session led by gains in IT and Auto stocks amid positive global cues.Net buying of FII/FPI was at Rs. 2,289.05 crore while net selling of DII was at 864.62 crore. The Sensex ended 393.83 points or 0.80% higher at 49,792.12 levels with shares of Maruti Suzuki, Tech Mahindra, Mahindra & Mahindra, Asian Paints, Reliance, Infosys ,HCL Tech were the gainers with having gains of 2.75%, 2.67%, 1.98%,1.98%,1.91%, 1.70%,1.55% respectively while shares of Powergrid, NTPC, HDFC Bank, ITC, Nestle India, HUL, Sun Pharma were the losers with a loss of 1.75%, 1.35%, 0.83%, 0.59%, 0.44%, 0.37%, 0.30% respectively. The Nifty fifty rose 123.55 points or 0.85% to settle at 14,644.70 levels with sectors like Auto, IT, Media, Metal, Energy Indexes were the gainers with having gains of 2.29%, 2.21%, 1.06%, 0.93%, 0.44% respectively whereas FMCG Index was the loser with a loss of 0.16%.
TOP STOCKS IN NEWSCAST:
Maruti Suzuki surged nearly 3% as the company commenced export of compact off-roader Jimny from India and also planning to launch an upgraded Swift in Q4FY21 .
Tech Mahindra gained over 2% as Most of the frontline IT companies had reported better-than-expected Q3FY21 results and also revised their revenue/margins guidance upwards for FY21.
Infosys rose over 1% as the company had been accredited with the Google Cloud Partner Specialisation in the data and analytics space.