Domestic Equity Market ended the volatility session on a flat note tracking fear of a second coronavirus wave, elevated bond yields and weak global cues weighed on the market.Net selling of FII/FPI was at Rs.786.98 crore whereas net buying of FII was at Rs.542.70 crore. The Sensex fell 86.95 points, or 0.17 percent, to 49,771.29 with shares of Tech Mahindra, TCS, Sun Pharma, Infosys, HCL Tech, Dr. Reddy, HUL, NTPC, ITC were the gainers with having gains of 2.38%, 2.17%, 2.07%, 1.87%, 1.75%, 1.72%, 1.68%, 1.38% ,1.30% respectively while shares of IndusInd Bank, Powergrid, ICICI Bank, HDFC Bank, Axis Bank, Bajaj Finance, SBI, Reliance were the losers with having a loss of 4.33%, 2.95%, 2.23%, 1.55%, 1.38%, 1.15%, 1.09%, 0.96% respectively. The Nifty closed at 14,736.40, down 7.60 points, or 0.05 percent with Indexes like Realty, IT, FMCG, Pharma, Metal, Energy were the gainers with a gain of 2.70%, 1.85%, 1.70%, 1.57%, 0.91%, 0.03% respectively whereas Bank, Media, Auto Indexes were the losers with a loss of 1.63%, 0.99%, 0.45% respectively.
TOP STOCKS: IN NEWSCASTS
Tech Mahindra surged over 2% as the company announced that it would be covering the COVID-19 vaccination cost for all its employees across the world.
TCS rose over 2% as Tata Consultancy Services (TCS) became the first major IT services company to announce a pay increment for financial year 2021-22.
Infosys gained over 1% as Infosys is leveraging AI to drive significant efficiencies in workplace optimization.
HCL Tech surged as the company announced its support for rise with SAP, an offering by SAP that helps clients take their business-critical elements into the cloud, thereby accelerating their digital transformation and the value realisation of their investments.