INDIAN EQUITY MARKET TRADED LOWER FOR THE SECOND STRAIGHT SESSION

Domestic Equity Market witnessed a fall on Friday tracking a rise in Brent crude prices along with a jump in bond yields acted as the double whammy on stocks.Net selling of FII/FPI was at Rs.2,014.16 crore while net selling of DII was at Rs.1,191.19 crore. The Sensex ended 440.76 points, or 0.87 percent lower at 50,405.32 with shares of ONGC, Maruti, Kotak Bank, Nestle India, Ultratech Cement, Titan, HUL, Reliance, L & T were having gains of 1.95%, 1.60%, 1.38%, 0.75%, 0.50%, 0.29%,0.23%, 0.13%, 0.10% respectively while shares of IndusInd Bank, SBI, Powergrid, Dr. Reddy, NTPC, ICICI Bank, HCL Tech, Bajaj Finserv, HDFC, HDFC Bank were having a loss of 4.79%, 3.03%, 2.13%, 1.86%, 1.85%, 1.80%, 1.77%,1.74%, 1.55%, 1.52% respectively. The Nifty settled at 14,938.10, down 142.65 points, or 0.95 percent with sectors like Metal, Bank, IT, Realty, Pharma ,Auto were the top losers with a loss of 2.70%, 1.60%, 1.57%, 1.42%, 1.29% respectively.

TOP STOCKS IN NEWSCAST:

Oil and Natural Gas Corporation (ONGC) Limited jumped nearly 2% after global oil prices jumped more than $1 a barrel, hitting their highest levels in almost 14 months.

Maruti Suzuki surged over one and half percent on today’s session as the company announced that its best-selling utility vehicle, the Vitara Brezza has crossed the six lakh sales milestone in five years.

Kotak Bank gained over 1% as the bank signs MoU with Indian army to handle salary accounts of personnel.

Nestle India rose nearly 1% as the company rolls out Nesternship 2.0 –A Helping Hand To Youth To Enhance Competence And Employability.