INDIAN EQUITY BENCHMARK INDICES, SENSEX AND NIFTY ENDED OVER 1% LOWER

Domestic equity market has shown a negative sign on Wednesday and ended over 1% dragged by heavy selling in private banks and IT stocks amid weak global cues. Weak cues from across the globe forced the domestic market to shed yesterday’s optimism. The Sensex fell 627.43 points, or 1.25 percent to close at 49,509.15 with shares of ITC, Bajaj Finserve, HUL, SBI, TCS, Axis Bank, Nestle India, Titan, Bajaj Auto were the gainers with a gain of 1.82%, 1.80%, 1.36%, 0.90%, 0.56%, 0.35%, 0.33%, 0.30%, 0.11% respectively while shares of HDFC, HDFC Bank, Powergrid, Tech Mahindra, ICICI Bank, Asian Paints, ONGC, Kotak Bank were the losers with a loss of 4.06%, 3.86%, 2.71%, 2.50%, 1.71%, 1.59%, 1.59%, 1.50% respectively .The Nifty ended 154.40 points, or 1.04 percent lower at 14,690.70 with indexes like Realty ,FMCG, Pharma, Metal Indexes were the gainers with having gains of 1.72%, 1.02%, 0.54%, 0.36% respectively whereas Indexes like Bank, Energy, IT, Auto were the losers with having loss of 1.69%, 1.27%, 1.02%, 0.03% respectively.

TOP STOCKS IN NEWS:

ITC surged nearly 2% as ITC Windsor became the first hotel in the world to be certified LEED Zero Carbon by US Green Building Council (USGBC).

SBI gained nearly 1% as the Country's largest lender SBI on Wednesday said it has raised an additional $1 billion (around Rs.7,350 crore) loan from Japan Bank for international Cooperation (JBIC) to help covid-hit Japanese auto manufacturers in India.

TCS rose over half percent as the largest IT firm has unveiled a new brand statement, “Building on Belief” to articulate its mission and relationship with customers as it embarks on its next decade of transformation-led growth. For over a decade the company’s brand statement was ‘Experience Certainty’.