Saturday , December 28 2024

Fall in IT shares: Sensex rises 105 points to 72748 due to gains in metal, auto

Mumbai: US Indian stock markets today Sensex, Nifty based Udav were on the rise as Fox Large-Cap Funds remained in frontline stocks and global markets eye the Federal Reserve's interest rate decision at this week's meeting. Funds made huge profits in IT-software services, technology stocks, while metal-mining, automobile, capital goods, healthcare stocks gained momentum and kept the market in positive territory. At home, the recent crackdown by the capital markets regulator and the crackdown on operators under the charge of the Enforcement Directorate and stress testing of mutual funds as well as the Reserve Bank of India's action on NBFCs are expected to reduce caution in small, mid-cap stocks. Was. Finally, Sensex closed 104.99 points higher at 72748.42 and Nifty closed 32.35 points higher at 22055.70. On the global front, Nikkei 225 index today closed 1032.80 points higher at 39740.44 led by aggressive gains in Japan's Tokyo Stock Exchange on the possibility of raising interest rates from negative to positive ahead of the Bank of Japan meeting tomorrow-Tuesday.

IT index fell 578 points

Today, BSE IT index fell 578.13 points to close at 37348.63 points due to selling of funds in IT-software services, technology stocks. Coforge fell by Rs 413.65 to Rs 5703.30, Birlasoft fell by Rs 27.80 to Rs 727.15, Persistent fell by Rs 285.80 to Rs 8140, KPIT Technology fell by Rs 46.05 to Rs 1382.95, Genesis International fell by Rs. It fell by Rs 14.30 to Rs 574.50, Infosys fell by Rs 32.60 to Rs 1602.30, L&T Technology fell by Rs 43.20 to Rs 5374.70.

Metal index rose 765 points

The BSE Metal index closed 764.96 points higher at 27,300.66 as funds aggressively rallied in metal-mining stocks today, led by Tata Steel. Tata Steel increased by Rs 8.05 to Rs 149.60, APL Apollo increased by Rs 76.60 to Rs 1551.85, Jindal Steel increased by Rs 38.60 to Rs 806.65, SAIL increased by Rs 4.05 to Rs 125.80, JSW Steel increased by Rs 23.25 to Rs 804.25, Vedanta increased by Rs 6 to Rs 271.05, NMD C increased by Rs 4.20 Rs 202.60, Coal India rose by Rs 7.25 to Rs 422.25.

Auto stocks rise again

Among automobile companies today, the BSE Auto index closed 501.02 points higher at 46820.84 as funds made heavy purchases in frontline-large cap stocks. Mahindra & Mahindra rose by Rs 54.90 to Rs 1856.75, Tata Motors rose by Rs 26 to Rs 972.20, Bajaj Auto rose by Rs 185.20 to Rs 8531.40, Maruti Suzuki rose by Rs 141.70 to Rs 11,619.50. The price of Bosch increased by Rs 261.80 to Rs 29,384.40, the price of Cummins India increased by Rs 15.10 to Rs 2724.20.

Selective rise in capital goods stocks

Even among capital goods stocks, BSE Capital Goods index jumped 377.67 points to close at 57197.72 as funds continued heavy buying today. Thermax increased by Rs 222.70 to Rs 3705.10, TeamCan increased by Rs 108.20 to Rs 2787.75, Praj Industries increased by Rs 17.10 to Rs 476.80, BHEL increased by Rs 7.50 to Rs 224.20, Sona BLW increased by Rs 21.70 to Rs 662.45, ABB India increased by Rs 120.70. Tax increased by Rs 5747, Siemens increased by Rs 61.75 to Rs 4839.65 Of the rupee, Lakshmi Machine Works rose by Rs 120.55 to Rs 13,941.35.

DII net purchases Rs 2261 crore

Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 2051.09 crore in cash today-Monday. There were sales of Rs 12,194.85 crore against total purchases of Rs 10,143.76 crore. While DII-domestic institutional investors made net purchases of shares worth Rs 2,260.88 crore in cash today. There were sales of Rs 7874.13 crore against total purchases of Rs 10,135.01 crore.