INDIAN EQUITY INDICES ENDED ON RECORD HIGH LEVELS ON TODAY’S SESSION

Domestic Equity Market ended the week with a positive note led by robust gains in auto and IT stocks. Firm cues from global peers also boosted the investor sentiment. Net buying of FII/FPI was at Rs. 6029.83 crore while Net selling of DII was at Rs.2,372.54 crore. The BSE Sensex surged 689.19 points or, 1.43 percent, to end at 48,782.51 levels with shares of Maruti, Tech Mahindra, Infosys ,Ultratech Cement, Mahindra & Mahindra, Powergrid, NTPC were having gains of 5.94%, 5.64%, 3.95%, 3.55%, 3.51%, 3.50%, 3.19% respectively while shares of IndusInd Bank, Bharti Airtel, SBI, ITC, HDFC, Bajaj Finance were the losers with a loss of 1.37%, 0.93%, 0.61%, 0.59%, 0.31%, 0.04% respectively. The Nifty closed at 14,347.25, up 209.90 points, or 1.48 percent with Indexes like IT, Auto, Media, Pharma, Realty Indexes were having gains of 3.61%, 3.30%, 3.26%, 1.61%, 1.42% respectively while Metal Index was the only loser with a loss of 0.60%.

TOP STOCKS IN NEWSCAST:

Maruti Suzuki jumped over 5% as Maruti Suzuki Arena and Nexa dealerships are offering discounts across the model range this month. Customers can avail of these benefits in the form of cash discounts, exchange bonus, and corporate discounts.

Tech Mahindra gained over 5% as the company became the fifth IT Company that joined Rs 1-trillion m-cap club. The company stood at 30th position in m-cap ranking.

NTPC surged over 3% as the company’s very first unit, which was commissioned 38 years ago at Singrauli in Uttar Pradesh, has achieved the highest Plant Load Factor (PLF) of 100.24% among all thermal units in the country .