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By Aamar Deo Singh, Head Advisory, Angel Broking Ltd

Benchmark indices ended higher after erasing some of the intraday gains in today’s trading session. 

Nifty went up by 0.76% or 86.40 points and closed above the 11,500 mark at 11,503.35, while S&P BSE Sensex rose by 0.71% or 276.65 points and closed at 38,973.70.

Around 1213 shares declined, 1461 shares advanced, while 173 shares remained unchanged.

TCS (7.55%), Wipro (7.01%), Tata Steel (4.93%), Sun Pharma (3.39%), and JSW Steel (3.17%) were among the top Nifty gainers. On the other hand, Bajaj Finserv (2.79%), Shree Cements (2.75%), GAIL (1.75%), Bharti Airtel (1.95%), and Bajaj Finance (1.83%) were among the top Nifty losers.

Buying was seen in the I.T., metal, pharma, and banking sector, while infra and energy indices ended lower. BSE Midcap went down by 0.18% whereas BSE Smallcap went up by 0.38%.

JSW Steel Limited

Stocks of JSW Steel traded higher by 3.17% at Rs. 291.00 after the company reported considering a number of financing options for its wholly-owned subsidiary company Periama Holdings.

Tata Consultancy Services Limited

TCS became the second-largest Indian firm after Reliance Industries Limited. The company obtained a market valuation of more than INR 10 lakh crore. As a result, the shares of the company surged by 7.55% and traded at Rs. 2,713.95.

aurionPro Solutions Limited

Stocks of aurionPro Solutions went up by 4.97% and traded at Rs.73.95 after the company bagged an order in the Smart Transit Segment. 

Infosys Limited

Infosys Limited acquired GuideVision, which is one of the largest ServiceNow Elite Partners in Europe. The company is known for its management consultancy services. The award-winning company offers strategic advisory, consulting, implementations, training, and other support services. The stocks of Infosys Limited went up by 2.94% and traded at Rs.1047.60.

Dr. Reddy’s Laboratories Ltd.

The pharma company joined the Science-Based Targets initiative business and became the first Indian company and third Asian pharma company to have set its Science-Based Targets. The targets are aimed at reducing the company’s environmental impact. The stocks of the company rose by 1.37% and traded at Rs.5181.95.

Indian Rupee

The Indian rupee ended slightly lower at Rs.73.29 against the U.S. Dollar in today’s trading session amid buying seen in the domestic equity markets.

Gold

Gold prices declined by 1% and traded at Rs.50,000 per 10 gms on MCX in today’s session after a decline in the Spot Gold prices in the international markets. 

Positive Global Market Cues

U.S. stocks rose after the hopes of President Donald Trump’s discharge from the hospital today. Despite the rise in COVID-19 cases, worldwide global markets ended in the green. Except for Nasdaq, which declined by 2.22%, other global indices ended higher. Nikkei 225 went up by 1.23%, Hang Seng went up by 1.32%, FTSE 100 surged by 0.83%, and FTSE MIB rose by 0.78%.

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