Call Us :+(91 674) 6956001/02/03
News
HEAVY SELLING IN BANKING AND METAL STOCKS DRAGGED THE EQUITY BENCHMARK INDICES LOWER

Domestic equity market fell on Friday dragged by weak global markets and selling seen in metal and banking indices. Net selling in FII/FPI was at Rs.635.69 crore while net selling in DII was at Rs.1,290.35 crore. The Sensex ended 746.22 points or 1.50 percent lower at 48,878.54 with stocks like Bajaj Auto, HUL, TCS, Bajaj Finserv, Infosys were the gainers with having gains of 10.45%, 1.76%, 0.87%, 0.28%, 0.09% respectively whereas stocks like Axis Bank, Asian Paint, SBI, IndusInd Bank, ICICI Bank, Bajaj Finance ,HDFC were having loss of 4.63%, 4.34%, 3.80%, 3.55%, 3.39%,2.92%, 2.76% respectively. The Nifty plunged 218.45 points or 1.50 percent to close at 14,371.90 levels with Auto , IT Indexes were having gains of 1.43% , 0.15% respectively while Metal, Bank, Realty, Energy, Media, Pharma Indexes were having loss of 3.89%, 3.17%, 2.84%, 1.73%, 1.65%, 1.22% respectively.

TOP STOCKS IN NEWSCAST:

Bajaj Auto surged over 10% as the company reported its highest-ever profit and turnover during the December quarter (Q3). The company’s standalone net profit went up by 23% year-on-year to Rs 1,556.28 crore, while revenues rose 17% to Rs 8,730.10 crore during the quarter.

TCS gained nearly 1% as the leading global IT services company has introduced a curated version of its Cloud Assurance Platform services for organizations embarking on cloud migration or modernization with Microsoft Azure.

SBI lose over 3% as SBI Cards and Payment Services Ltd reported nearly 52 per cent dip in its net profit to Rs 210 crore in the third quarter ended December 2020, on higher provisioning.





Scroll to Top