INDIAN EQUITY MARKET EXPERIENCED SHARP SWINGS IN TODAY’S SESSION

Domestic equity market closed with lower note tracking Weak global cues coupled with March series F&O expiry. Nervousness in the Chinese market, coupled with a steep rise in the daily Covid-19 infections back home has also influenced the investor’s sentiment.Net selling of FII/FPI was at Rs.3,383.60 crore while net buying of DII was at Rs.2,267.69 crore. The Sensex plunged 740.19 points or 1.51 percent to 48,440.12 with shares of Dr. Reddy, ICICI Bank, HDFC, L & T were the gainers with having gains of 0.74%, 0.70%, 0.25%, 0.21% respectively while shares of Maruti, HUL, Bharti Airtel, Bajaj Auto, NTPC, Bajaj Finance, Ultratech Cement, ONGC were the losers with a loss of 3.98%, 3.147%, 2.98%, 2.86%, 2.83%, 2.81%, 2.76%, 2.67% respectively. The Nifty ended 224.50 points, or 1.54 percent lower at 14,324.90 with Metal Index stood as the only gainer with having a gain of 0.02% whereas Media, Energy, Auto, Realty, FMCG, IT, Bank, Pharma Indexes were the losers with having loss of 3.06%, 2.91%, 2.76%, 2.50%, 2.28%, 2.19%, 0.86%, 0.83% respectively.

TOP STOCKS IN NEWSCAST:

Dr.Reddy lab gained nearly 1% as he subject matter committee of the Indian drug regulator is expected to take up Dr Reddy's Laboratories' application seeking approval for the Russian coronavirus vaccine Sputnik V this week.

ICICI Bank surged over half percent as Private sector lender ICICI Bank has launched an instant EMI facility on its internet banking platform.

Maruti Suzuki lost nearly 4% as Maruti Suzuki is set to hike the prices of all its models, w.e.f April 2021. This is the second price hike for the carmaker this year, and it has cited rising input costs as the reason for this step.