INDIAN EQUITY MARKET CLOSED WITH LOSSES FOR THE SIXTH CONSECUTIVE SESSION

Domestic Equity Market reacted negatively and lose around 1.50% dragged by heavy selling in IT and auto stocks. Net selling of FPI/FII was at Rs.5,930.66 crore while net Buying of DII was at Rs.2,443.20 crore .The Sensex plunged 588.59 points or 1.26 percent to 46,285.77 with shares of IndusInd Bank, Sun Pharma, ICICI Bank, HDFC Bank were the gainers with a gain of 5.44%, 3.91%, 1.68%, 1.50% respectively while shares of Dr.Reddy, Maruti, Bharti Airtel, Bajaj Auto, Infosys, TCS ,NTPC were having loss of 5.69%, 4.99%, 3.12%, 3.02%, 2.87%,2.71%, 2.62% respectively . The Nifty settled at 13,634.60, lower by 182.95 points, or 1.32 percent with Auto, IT, Metal, Energy, Pharma, FMCG Indexes with having loss of 2.89%, 2.59%, 1.93%,1.83%,1.82%,1.50% respectively while Bank, Realty Indexes were the gainers with a gain of 0.68%, 0.49% respectively.

TOP STOCKS IN NEWSCAST:

IndusInd Bank gained over 5% on improved assets quality in Q3. Asset quality improved sequentially with gross NPA at 1.7% as against 2.2% in September quarter and net NPA at 0.22% versus 0.52% a quarter ago.

Sunpharma surged over 3% as the company reported a two-fold jump in consolidated net profit at Rs 1,852.48 crore for the December quarter compared with Rs 913.52 crore in the same quarter last year.

ICICI Bank rose nearly 2% as The Competition Commission of India (CCI) has dismissed a complaint of abuse of dominant position made against ICICI Bank with respect to the home loan segment.