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Mumbai: With global markets recovering behind US, Indian stock markets witnessed heavy volatility today. After Donald Trump came to power in the United States, markets in the United States and Europe improved as some sections began to speculate that Trump would become more positive on global trade than before, amid uncertainty over whether There will be a tariff war or not, break it this time or not. The rally could not be sustained due to sustained selling in stocks by foreign portfolio investors (FPIs) and continued selling of particular bulls. Local funds have been unable to stem the decline as buying from institutional investors was limited. Especially small, mid-cap stocks, funds, operators, high net worth investors again broke the prices and stocks started selling and continued to see large gaps. Today, fluctuations of more than 2200 points were seen in Sensex and fluctuations of more than 725 points in Nifty.
After a fall of 485 points, Sensex also jumped by 615 points: Nifty jumped by 700 points.
Sensex initially fell 484.98 points to 79001.34 due to lack of funds in frontline stocks due to negative factor of weak corporate results and overvaluation in India including Asian Paints. It recovered from the fall due to attraction in IT stocks and selective buying in power stocks, rising 615.82 points to 80102.14 at one point. But this surge could not be sustained as there was a huge fall in metal-mining, auto, Bajaj Fin Twins shares along with Reliance and finally it closed 9.83 points higher at 79496.15. The Nifty 50 spot index also recovered from lower levels after initially falling 143.60 points to hit a low of 24004.60.
Metal stocks fall due to fall in LME: Selling in NALCO, Jindal Steel, SAIL, Tata Steel
Funds booked profits in metal-mining stocks today as copper, aluminum and zinc, tin prices fell on the London Metal Exchange. On the London Metal Exchange, copper, aluminum and zinc prices hit $220, $74 and $72 in three-month contracts. NALCO fell by Rs 6.05 to Rs 232.65, Jindal Steel fell by Rs 20.55 to Rs 907.75, SAIL fell by Rs 2.45 to Rs 115.90, JSW Steel fell by Rs 18.15 to Rs 978.70, NMDC fell by Rs 2.70 to Rs 232. 95 rupees But it came to Rs 232.95. BSE Metal Index fell 299.43 points to close at 30683.77.
Pharma index fell by Rs 586: Advanced Enzyme fell by Rs 65, RPG by Rs 144, Piramal by Rs 12.
Today, there was heavy selling by funds in the shares of healthcare-pharmaceutical companies. Advance Enzymes fell by Rs 65.50 to Rs 420.05, RPG Life fell by Rs 144.20 to Rs 2342.30, Gufic Bio fell by Rs 28.15 to Rs 458.85, Sequent Scientific fell by Rs 10.75 to Rs 204.30. Rs 53.40 fell to Rs 1066, Max Healthcare fell by Rs 49.35 to Rs 1029.05, Piramal Pharma fell by Rs 12.15 to Rs 269.65. While Biocon rose by Rs 27.60 to Rs 348.85, Vimala Labs rose by Rs 42.15 to Rs 734.90, Metropolis rose by Rs 33.95 to Rs 2149.15.
Funds gain in banking stocks: Bank of Baroda, ICICI Bank, HDFC Bank rise
Today, funds remained the preferred buy in banking-finance stocks. Bank of Baroda increased by Rs 2.05 to Rs 258.35, ICICI Bank increased by Rs 9.80 to Rs 1269.15, HDFC Bank increased by Rs 12.05 to Rs 1766.60, IndusInd Bank increased by Rs 6.75 to Rs 1061.05, State Bank of India increased by Rs 4.55 to Rs 847.80. This 1 The rupee increased to Rs 207.75. BSE Bankex index closed 326.24 points higher at 59184.10.
Rise in IT stocks: 63 Moons up by Rs 28 at Rs 588: Black Box, Jeagle, Oracle, Imudra rise
Funds in IT-software services, technology stocks were selectively bullish today. 63 Moons Technology rose by Rs 28 to Rs 588.30, Black Box rose by Rs 26.95 to Rs 566.40, Oracle Finserv rose by Rs 383.95 to Rs 11,894.75, Zensar Technology rose by Rs 17.80 to Rs 746.95. Imudra rose by Rs 17.55 to Rs 886.40. Rategain Travel rose by Rs 14.40 to Rs 834.90, HCL Technology rose by Rs 29.45 to Rs 1867, Infosys rose by Rs 28.95 to Rs 1860, Coforge rose by Rs 109.55 to Rs 8063.40.
Rail came again: Selling at received prices Widespread decline in small, mid-cap stocks: 2637 shares closed negative
Sensex, Nifty saw limited losses as funds, players again moved into small, mid-cap stocks as funds, operators, high net worth investors placed bets on selling after prices broke, with many stocks narrowing the gap. Market breadth further weakened. Out of the total 4213 stocks traded on BSE, the number of losers increased from 2575 to 2637 and the number of gainers increased to 1488.
Net sales by FPI/FII were Rs. 2307 crore cash: Net purchases of DIIs amount to Rs. 2027 crores
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 2306.88 crore in cash today. There were sales of Rs 11,737.73 crore against total purchases of Rs 9430.85 crore. While DII-Domestic Institutional Investors made net purchases of Rs 2026.63 crore in cash today. There was a sale of Rs 7822.24 crore against the total purchase of Rs 9848.87 crore.
Investors' wealth in stock-market cap. Rs 1.81 lakh crore decreased to Rs 442.54 lakh crore
After huge fluctuations against stability in Sensex, Nifty, selling continued in small and mid cap stocks, funds, operators started selling prices, investors' wealth i.e. total market capitalization of BSE listed companies also fell. Rs 1.81 lakh crore decreased to Rs 442.54 lakh crore in a day.
