By : Mr. Aamar Deo Singh- Head Advisory, Angel Broking Ltd

Indian indices ended higher led by auto stocks. All sectoral indices except pharma ended in the green.

Nifty went up by 0.28% or 33.90 points and closed at 11,930.35, while S&P BSE Sensex went up by 0.31% or 127.01 points and closed at 40,685.50. Around 1019 shares declined, 1656 shares advanced, while 142 shares remained unchanged.

Maruti Suzuki (4.26%), M&M (3.30%), Tata Steel (3.27%), PowerGrid (2.91%), and Bajaj Auto (2.79%) were among top Nifty gainers. On the other hand, UltraTech Cement (2.44%), HCL Technologies (1.59%), Hindustan Unilever (1.56%), Shree Cement (0.44%), and GAIL (1.35%) were amongst the top Nifty losers.

Except pharma, all the sectoral indices traded positive led by the auto which gained nearly 3%. BSE Midcap and BSE Smallcap ended higher by 0.59% and 0.71% respectively.

Asian Granito Indian Ltd.

The firm's board approved a 5:1 stock split and fund raising of around Rs.400 crore via either debt or equity instruments. The sub division of shares was approved from Rs. 10 fully paid up to Rs. 2 fully paid up. The stocks of Asian Granito surged by 5.84% and traded at Rs. 279.90.

Mphasis Ltd.

Stocks of Mphasis Ltd. surged by 2.01% and traded at Rs. 1,377.00 after it reported an increase of 9.4% in its consolidated net profit for September’20 quarter. The company’s revenue from operations grew by 12.8% to Rs. 2,435.4 crore in the similar quarter.

Biocon Ltd.

Stocks of Biocon Ltd. slipped by 2.72% and traded at Rs. 417.95 after the company reported a fall of 23.01% in its consolidated net profit for the second quarter ended September’20.

SBI Cards and Payment Services Ltd.

The company reported poor quarterly numbers along with deterioration in the asset quality. The firm reported a decline of 46% in its net profit which then stood at Rs.206 crores in second quarter of FY21. The stocks of the company went down by 5.51% and traded at Rs.805.00 

Aditya Birla Fashion and Retail Ltd.

E-Commerce giant Flipkart is buying 7.8% stake in Aditya Birla Fashion for Rs.1500 crore at Rs.205 per share. The stocks of Aditya Birla Fashion surged by 7.49% and traded at Rs.165.00 in today’s trading session.

Indian Rupee

Indian rupee ended marginally lower at Rs.73.59 against the U.S. Dollar amid buying seen in the domestic equity markets.

Positive Global Market Cues

Hopes over additional stimulus aid by the U.S. to support the pandemic damaged economy boosted investors’ risk appetite. Nasdaq went up by 0.19%, FTSE 100 and FTSE MIB surged by 1.45% and 0.99% respectively, Nikkei 225 went up by 0.18% and Hang Seng went up by 0.54% in today’s trading session.

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