INDIAN EQUITY MARKET INCHED NEARLY 1% HIGHER TRACKING AN UPBEAT MOOD IN THE GLOBAL MARKETS

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.