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Banking stocks fell today due to weak asset quality of stressed assets of banks and news of weak results of IndusInd Bank. IndusInd Bank's quarterly net profit fell 39 per cent to Rs 1,325 crore as shares fell Rs 237.35 to Rs 1,041.55. Ahead of the results, Canara Bank fell by Rs 3.80 to Rs 94.35, Bank of Baroda fell by Rs 5.55 to Rs 239.50, HDFC Bank fell by Rs 7.50 to Rs 1742.60.
Poonawala Fin incurs loss of Rs 471 crore, shares fall by Rs 60: Nalwa Sons, Motilal, Bandhan Bank fail
Among financial services stocks today, the stock fell Rs 60.5 to Rs 297.65 after Poonawall Fincorp reported Rs 471.04 crore net loss in the second quarter following provision of Rs 666 crore for its STPL portfolio. Nalwa Sons fell by Rs 558.95 to Rs 6450, Motilal Oswal fell by Rs 66.50 to Rs 872.50, Bandhan Bank fell by Rs 12.35 to Rs 168.30, AU Small Finance Bank fell by Rs 42.50 to Rs 603.05, BF Investments fell by Rs. Dhani Services fell by Rs 43.10 to Rs 646.05, Dhani Services fell by Rs 3.46 to Rs 56.13, UTI AMC fell by Rs 70.50 to Rs 1150.55.
Finolex Rs 68, Rail Vikas Rs 22, LG Rs 32, BHEL Rs 10, Praj Rs 30, Larsen Rs 115
Capital goods stocks opened new wide gaps today as shares gained momentum. Finolex Cables fell by Rs 68.10 to Rs 1191.60, Rail Vikas fell by Rs 22.45 to Rs 419.60, BHEL fell by Rs 10.25 to Rs 216.95, LMW fell by Rs 393.05 to Rs 15,778, Praj Industries fell by Rs 30.65 to Rs 710. 115.30 Rupee fell to Rs 3327.80, KPIL fell by Rs 31.75 to Rs 1184.50. However, Thermax rose by Rs 256.95 to Rs 5435, CG Power rose by Rs 11.60 to Rs 743.85. BSE Capital Goods Index fell 1512.29 points to close at 66429.40.
Gap continues in auto stocks: Hyundai Motor hits new low of Rs 1783 intra-day: Mahindra, Hero, Maruti break
Selling in automobile stocks continued after weak listing of Hyundai Motor India's IPO shares. After listing at a discount to its issue price of Rs 1960, Hyundai Motor today touched a new intra-day low of Rs 1783 and finally closed at Rs 1843.75, down Rs 27.45. Mahindra & Mahindra fell by Rs 111.10 to Rs 2716.95, Hero MotoCorp fell by Rs 141.50 to Rs 4973.55, Maruti Suzuki fell by Rs 251.40 to Rs 11,510.60, Tata Motors fell by Rs 15.40 to Rs 4973.55. .864.35, MRF fell by Rs 1506.65 to Rs 1,22,651.20. BSE Auto Index fell 1206.78 points to close at 54123.75.
Crude rise: HPCL Rs 32, Oil India Rs 25, BPCL Rs 15, Reliance Rs 25
There was selling in oil marketing PSU stocks as international crude oil prices rose again due to geopolitical tensions, with Brent crude hitting $74.88 and New York-Nymax crude near $70.72. Hindustan Petroleum Corporation-HPCL fell by Rs 32.30 to Rs 372.55, Oil India fell by Rs 25.05 to Rs 484.80, BPCL fell by Rs 15.40 to Rs 305.95, Adani Total Gas fell by Rs 31.50 to Rs 31.50. ₹723.75, Reliance Industries fell by Rs 24.50 to Rs 2655.45.
JSW Steel's profit fell by 85%, selling in shares: SAIL, Coal India, Vedanta fell.
Funds were also selling metal-mining stocks today. JSW Steel's quarterly net profit fell 85 per cent to Rs 404 crore, while the stock fell Rs 14.90 to Rs 943.15. SAIL fell by Rs 5.75 to Rs 111.45, Vedanta fell by Rs 13.65 to Rs 899.45, Jindal Steel fell by Rs 24.90 to Rs 899.45, Hindalco fell by Rs 11.15 to Rs 679.15, Tata Steel fell by Rs 3.20 to Rs 145.80.
Signs of crisis: Liquid stocks become difficult to sell: Shock to small, medium stocks: 3100 shares negative
Sensex, Nifty also gained with small and mid cap stocks again making big gains. As illiquid stocks became difficult to sell, low-volume stocks saw their prices decline. Out of total 4021 stocks traded on BSE, the number of declining stocks was 3100 and the number of gaining stocks was 841. The BSE Small Cap index fell 1307.79 points to 52335.66 and the BSE Mid Cap index fell 684.23 points to 44,452.83.
Net purchase of shares by DIIs Rs 4159 crore: Sale of shares by FPI/FII Rs 3037 crore
FIIs sold more shares worth Rs 3036.75 crore in cash today Friday. Whereas DII-Domestic Institutional Investors made net purchases of Rs 4159.29 crore in cash today.
The asset-market capitalization of investors in stocks fell by Rs 6.81 lakh crore to Rs 436.98 crore.
Sensex, Nifty surged again this weekend due to panic selling by operators in A group, small, mid cap stocks, funds after retail investors, high net worth investors, investors' wealth i.e. BSE listed companies. Total market capitalization is Rs. Today Rs 6.81 lakh crore, Rs 436.98 lakh crore was lost. In this way, investors' wealth has sunk to the tune of Rs 21.17 lakh crore in five days this week.