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Mumbai: Foreign portfolio investors started flocking to Indian stocks again, leading to a global rally today led by heavy buying by foreign funds. As the Indian rupee continued to depreciate against the US dollar amid weak GDP growth data and risks of a sharp rise in inflation, the Reserve Bank of India (RBI) is expected to keep its monetary policy accommodative and not cut interest rates starting tomorrow. are supposed to. Despite the estimates, shares were seen falling today with the support of foreign funds. As Finance Minister Nirmala Sitharaman introduced the Banking Laws Amendment Bill, funds bought heavily in select banking-finance stocks. Along with this, there was buying in IT-software services, technology shares as well as capital goods, auto, metal shares. Sensex jumped 597.67 points to close at 80845.75 and Nifty 50 spot jumped 181.10 points to close at 24457.15. On the global front, Asian markets and European markets were strong ahead of leaders meeting in China next week to discuss GDP targets and stimulus.
Bankex rises 698 points: Yash Bank, Canara Bank, Bank of Baroda, State Bank, Axis Bank gain
The funds bought banking stocks before the Finance Minister introduced the Banking Laws Amendment Bill and RBI’s credit policy. Yash Bank increased by Rs 73 paise to Rs 20.84, Canara Bank increased by Rs 3.50 to Rs 105.15, Bank of Baroda increased by Rs 8.05 to Rs 254.50, State Bank of India increased by Rs 17.75 to Rs 853.95, Axis Bank increased by Rs 23.30 to Rs 1160.05, HDFC Bank increased by Rs 22.30. IndusInd Bank rose by Rs 9.10 to Rs 999.55 at Rs 1826.85. BSE Bankex index closed 698.97 points higher at 59986.58.
Master Trust, Indostar Capital, Union Bank, Centrum Capital, Mannapuram Finance, Angel One gain
Funds also bought heavily in financial services, other banking stocks today. Master Trust rose by Rs 10.35 to Rs 179.50, Indostar Capital rose by Rs 14.90 to Rs 282.80, Union Bank of India rose by Rs 6.25 to Rs 126, Centrum Capital rose by Rs 1.69 to Rs 34.22. Mannapuram Finance Angel One rose by Rs 8.05 to Rs 164.30, JK Bank rose by Rs 4.68 to Rs 103.29, Paisalo Digital rose by Rs 2.55 to Rs 58.64, RBL Bank rose by Rs 7 to Rs 162, Share India rose by Rs 12.55. Increased by Rs 300, GIC Housing increased by Rs 8.65 to Rs 224.80, Karnataka Bank increased by Rs 7.70 to Rs 217.75, Caffeine Tech increased by Rs 41.65 to Rs 1215.30, Bank of India increased by Rs 3.90 to Rs 114, ICICI Lombard increased by Rs 64.40 to Rs 1898.30, Star Health 16 The rupee increased to Rs 483.40.
Grindwell rises Rs 103 to Rs 208: Mazagon Dock, Thermax, SKF, Siemens, LMW rise.
BSE Capital Goods index closed 871.79 points higher at 71834.69 as funds made heavy purchases in capital goods stocks. Grindwell Nottern rose by Rs 102.95 to Rs 207.65, Mazgaon Dock rose by Rs 160.70 to Rs 4705.35, Thermax rose by Rs 128.50 to Rs 4806.80, SKF India rose by Rs 135.45 to Rs 5136.75, LMW rose by Rs 405.35. Rs 16,658.80, Siemens rose by Rs 187.85 to Rs 7748, Larsen & Toubro rose by Rs 78.60 to Rs 3783.15, LG Appliances rose by Rs 11.35 to Rs 658.90.
Cummins rises by Rs 91 to Rs 3520 in auto stocks: Ashok Leyland, TVS, Tata Motors rise
There was a continuous upward trend in the shares of automobile companies today. Ashok Leyland rose by Rs 7 to Rs 236.60, Cummins India rose by Rs 91.45 to Rs 3520.65, TVS Motor rose by Rs 62 to Rs 2554.10, Tube Investments rose by Rs 73.80 to Rs 3620. The price of Tata Motors increased by Rs 11.20 to Rs 810.15, the price of Apollo Tires increased by Rs 7.05, the price of Balkrishna Industries increased by Rs 520.35 to Rs 2841.55, the price of Exide increased by Rs 4.25 to Rs 455.30, the price of Bajaj Auto increased by Rs 40.70 to Rs 9170.20. BSE Auto Index closed 398.34 points higher at 53713.15.
Rise in IT stocks continues: Axiscades up by Rs 33, KPIT up by Rs 88, Tata Elxsi up by Rs 384
Funds continued aggressive buying in IT-software services, technology stocks today. Axiscades Technology increased by Rs 33.25 to Rs 500.40, KPIT Technology increased by Rs 88.35 to Rs 1429.85, Tata Elxsi increased by Rs 384.85 to Rs 7099.85, Netweb increased by Rs 115.95 to Rs 2902, Explio Solutions increased by Rs 53.55 to Rs 1419.60. Went. Nucleus Software rose by Rs 41.15 to Rs 1141.95, Oracle Finserv rose by Rs 268.55 to Rs 12,535, 63 Moons Technology rose by Rs 16.70 to Rs 702.75.
Discussion on incentives in China next week: Jindal Stainless in metal shares, interest in sale
Steel, metal stocks rose next week amid talks on stimulus in China and talk of increasing anti-dumping duty on steel. Jindal Stainless rose by Rs 25.50 to Rs 716.50, APL Apollo rose by Rs 48.20 to Rs 1555.05, SAIL rose by Rs 3.70 to Rs 122.80, Vedanta rose by Rs 8.05 to Rs 468.35, NMDC rose by Rs 3.05 to Rs 468.35 from Rs 3.75. At Rs 235.55, NALCO was up Rs 3.50 at Rs 246.75, Jindal Steel was up Rs 9 at Rs 927.10, Hindalco was up Rs 4.65 at Rs 667.15, JSW Steel was up Rs 5.95 at Rs 995.15. BSE Metal Index closed 306.79 points higher at 31233.99.
Fund-wide bullish storm in operators, SME, small, mid-cap stocks: 2704 stocks closed positive
There was a widespread storm as funds, players, high net worth investors again jumped into stocks of small, mid cap, SMI companies in a big way. Therefore the breadth of the market became very good. Of the total 4067 stocks traded on BSE, the number of gainers was 2704 and the number of decliners was 1261. The BSE Small Cap index closed 574.76 points higher at 56237.47 and the BSE Mid Cap index closed 426.58 points higher at 46982.17. The BSE SME IPO index closed 1,638.63 points higher at 1,03,011.73.
FPI/FII net buying of cash worth Rs 3665 crore: DIIs net selling of Rs 251 crore
Foreign portfolio investors – FPIs, FIIs made net purchases of shares worth Rs 3664.67 crore in cash today. There were total sales of Rs 18,785.33 crore against total purchases of Rs 22,450 crore. While DII-Domestic Institutional Investors made a net sale of Rs 250.99 crore in cash today. There were sales of Rs 14,804.15 crore against total purchases of Rs 14,553.16 crore.
The asset-market capitalization of investors increased by Rs 3.83 lakh crore to Rs 453.52 lakh crore.
Investors’ wealth i.e. the total market capitalization of BSE listed companies increased by Rs 3.83 lakh crore in a single day to Rs 453.52 lakh crore as foreign funds again became big buyers of shares due to the rise in small, mid cap, A group shares. Went. ,