Bullish trading in IT stocks easy: 63 Moons, Coforge, Netweb, Newgen Software, Infosys fall
Even in IT-software services, technology stocks, funds reduced bullish trading in many stocks today. Of course also made purchases in selected shares. 63 Moons Technology fell by Rs 21 to Rs 514.55, Coforge fell by Rs 260.70 to Rs 7206.60, Netweb fell by Rs 78.65 to Rs 2595.05, Newgen Software fell by Rs 28.50 to Rs 1269.95. Infosys fell by Rs 40.15 to Rs 1918.95, Oracle Finserv fell by Rs 230.45 to Rs 11,583, KPIT Technology fell by Rs 27.70 to Rs 1761.55, Cient fell by Rs 35.95 to Rs 1845.50, HCL Technology fell by Rs 27.75 to Rs 1845.50. Rs.1856 from 14.05. While R Systems rose by Rs 33.55 to Rs 546.90, Rategain Travel rose by Rs 25.10 to Rs 753.95, Imudra rose by Rs 19 to Rs 947.45, Tata Technology rose by Rs 21.30 to Rs 1077.55.
Among banking stocks, selling in Federal Bank, Kotak, ICICI Bank: HDFC Bank remained bullish.
Funds in banking shares also remained cautious in the latest bullish trade today. Only HDFC Bank rose by Rs 15.55 to Rs 1699.95, State Bank of India rose by Rs 1.25 to Rs 805.85. Federal Bank fell by Rs 4.10 to Rs 194.45, Kotak Mahindra Bank fell by Rs 20.85 to Rs 1875.60, IndusInd Bank fell by Rs 14.05 to Rs 1346, ICICI Bank fell by Rs 10.75 to Rs 1244.75.
Reliance's fall stopped and rose by Rs 20 to Rs 2708: Due to continuous buying, HPCL rose by Rs 12 to Rs 435.
International crude oil prices declined today amid marginal improvement with Brent crude trading at $74.35 and New York-Nymex crude trading at $70.71. After continuous selling by funds, the fall in Reliance Industries stopped today, rising by Rs 20.10 to Rs 2708. HPCL rose by Rs 12 to Rs 435.05, ONGC rose by Rs 1.60 to Rs 285.25, BPCL rose by Rs 1.65 to Rs 350.85. While Oil India fell by Rs 32.35 to Rs 526.95.
Rise from Rs 47 to Rs 368: ABSL AMC, Orient, UTI AMC rally
This group was buying shares from select funds. Rallis India rose by Rs 46.80 to Rs 368.40, ABSL AMC rose by Rs 80.45 to Rs 778.65, Orient Cement rose by Rs 28.10 to Rs 328.35, UTI AMC rose by Rs 93.50 to Rs 1326.20, Rail Tail rose by Rs 1326.20. HDFC AMC rose by Rs 30.65 to Rs 438.75, HDFC AMC rose by Rs 284.10 to Rs 4832.75, DCM Shriram rose by Rs 56.95 to Rs 1115.35.
Market breadth positive on select retained attractions in small, mid caps: 1995 shares closed positive
Bullish trade in Sensex, Nifty, auto, IT stocks capped today on continued cautiousness, market sentiment was marginally positive as funds in small, mid cap stocks, high net worth investors remained attractive. Of the total 4068 stocks traded on BSE, the number of gainers was 1995 and the number of decliners was 1987.
Net purchase of shares by DII was Rs. 2256 crore: Rs.2256 crore by FPI/FII. Sale of shares worth Rs 3436 crore
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 3,425.94 crore in cash today. There were sales of Rs 17,901.58 crore against total purchases of Rs 14,465.64 crore. Whereas DII-Domestic Institutional Investors made net purchases of Rs 2256.29 crore in cash today. There were sales of Rs 11,176.16 crore against total purchases of Rs 13,432.45 crore.
Nikkei falls 730 points: China markets soft: Germany, France fall in Europe
Global markets continued to remain subdued due to uncertainty over economic recovery coupled with uncertainty over China's stimulus package. Nikkei 225 index of Japan's Tokyo Stock Market fell 730.25 points to 39180.30, Hong Kong's Hang Seng fell 32 points to 20286.85 and China's Shanghai Stock Market's CSI 300 index fell 24.40 points to 3831.59. In European markets, Germany's DEX saw a decline of 32 points and France's KK 40 index saw a decline of 40 points.