Domestic equity market traded lower as concerns over spike in bond yields rekindled on Thursday. Weak cues from Asian peers have also dented the sentiment. Net selling of FII/FPI was at Rs.223.11 crore and net selling of DII was at Rs.788.19 crore. The benchmark Sensex ended 598.57 points, or 1.16 percent lower at 50,846.08 with shares of Ultratech cement,Dr. Reddy, Asian Paints, Maruti, HUL were having gains of 4.26%, 1.63%, 0.65%, 0.13%, 0.12% respectively while shares of HDFC, Bajaj Finserve, L & T, SBI, Axis Bank, HDFC Bank, ICICI Bank, NTPC ,Bharti Airtel were having loss of 2.62%, 2.49%, 2.31%, 2.28%, 2.24%,2.10%, 1.73%, 1.60%, 1.24% respectively. The Nifty fifty declined 164.85 points, or 1.08 percent to close at 15,080.75 with 12 stocks were in advance while 38 stocks were in decline. Sectors like Media and Realty were in the gainer side with a gain of 1.60%, 0.11% respectively while Metal, Bank, Energy, IT, Auto, Pharma, FMCG were having loss of 2.01%, 1.56%, 0.83%, 0.55%, 0.44%, 0.22%, 0.03% respectively.
TOP STOCKS IN NEWSCAST:
Ultratech cement surged over 4% on BSE on robust demand and price hike reports. The stock hits record high on today’s session.
Asian Paints gained nearly 1% as the company Returns with its Showcase Web-series 'Where The Heart Is' Season 4. With insights into the celebrity’s personal life and decor inspiration, the web-series will delve into the meaning of relationships and what truly makes a home what it is.
Maruti Suzuki rose slightly on today’s session as the company announced that its Vitara Brezza SUV has clocked six lakh sales within five years of launch.