look news india
Mumbai: The Bank of Japan yesterday switched from negative interest rate to positive rate policy after 17 years, following caution in global markets. The strength behind US in global markets also remained strong with selective buying in Indian stock markets today, ahead of the late night decision of the Federal Reserve meeting. However, with players refraining from making new big commitments to buy stocks in late March, funds saw a broad-based slowdown in the market with cautious selling in small, mid-cap stocks to offset losses. While frontline auto stocks led by Maruti Suzuki witnessed buying, oil-gas stocks gained, Sensex, Nifty remained in the positive zone. Less caution was expected in metal-mining, IT, banking stocks. Was making selective purchases in PSU shares.
Initially, Sensex fell by 428 points to hit a low of 71,674 and closed with a fall of 90 points.
In a double-edged loss, Tata Steel, Tata Motors, Axis Bank, HDFC Bank, Hindustan Unilever, HCL Technology led the selling, followed by Maruti Suzuki, Nestle India, Power Grid Corp as Sensex fell 427.63 points to 71,674.42. Stayed. , State Bank of India, Reliance Industries, Kotak Mahindra Bank, Tech Mahindra, IndusInd Bank, Bajaj Finance among others bought Sensex after digesting the fall and hit 72402.67 and finally closed at 72101.69, up 89.64 points. Nifty Spot also fell 107.25 points to a low of 21710.20 early on. Digesting the fall, it reached 21930.90 and finally closed at 21839.10 with a rise of 21.65 points.
Maruti rises Rs 344 to Rs 11,942: Eicher up Rs 156, Cummins up Rs 81 on UBS upgrade
Funds gained in select frontline stocks in automobile stocks today. Eicher Motors gained Rs 156.60 to Rs 3874.70 on buying attraction given buy rating and target price of Rs 5000 by brokerage major UBS. Cummins India rose by Rs 81.25 to Rs 2794.50, Maruti Suzuki rose by Rs 344.55 to Rs 11,941.80, Tube Investments rose by Rs 59.80 to Rs 3556.35, Bosch rose by Rs 66.20 to Rs 29,867.80. BSE Auto Index closed 219.18 points higher at 46847.19.
Increase in crude oil supports oil stocks: IOC, HPCL, BPCL rise.
International crude oil prices fell sharply by one and a half per cent, with Brent at $86.32 and Nymex crude near $82.27, supported by reduced buying by funds in oil-marketing PSU stocks. IOC rose by Rs 2.95 to Rs 158.20, HPCL rose by Rs 8 to Rs 453.60, ONG rose by Rs 4.60 to Rs 263.85, BPCL rose by Rs 8.50 to Rs 566.30, Reliance Industries rose by Rs 8.50 to Rs 566.30. Rs 36.25 to Rs 2887. BSE Oil-Gas Index closed 282.50 points higher at 26725.20.
Cautious selling in metal-mining stocks: APL, Tata Steel, Jindal, Hindalco fall
Metal-mining stocks remained subdued today as funds traded cautiously. APL Apollo fell by Rs 34.55 to Rs 1511.35, Tata Steel fell by Rs 2.95 to Rs 145.70, Jindal Steel fell by Rs 13 to Rs 781.30, Hindalco fell by Rs 6.45 to Rs 527.55, JSW Steel fell by Rs 6.85 to Rs 794.40, Jindal Stainless fell by Rs 5.20 to Rs 661.20. 5 rupees But he came. BSE Metal Index fell 235.04 points to close at 26903.53. While NMDC rose by Rs 5.50 to Rs 205.75, SAIL to Rs 123.45, Coal India to Rs 420.60.
Profit booking in IT stocks: Proteus, Intellect, Ziegle, Quick Hill, Genesis, HCL Tech declined.
Funds in IT-software services, technology stocks also sold in profit today. Proteus fell by Rs 57.70 to Rs 999.90, Intellect fell by Rs 40.15 to Rs 1014.50, Zegal fell by Rs 11.65 to Rs 296.45, Quick Hill Technology fell by Rs 17.10 to Rs 474.35, Genesis International fell by Rs 17.10 to Rs 474.35. It fell by Rs 12.20 to Rs 554.20, Tanla fell by Rs 8.75 to Rs 814.15, Tata Technology fell by Rs 8.80 to Rs 1033.05, KPIT Technology fell by Rs 11 to Rs 1347.45, HCL Technology fell by Rs 8.80 to Rs 1033.05. 12.30 to Rs 1586.65.
Fund attraction in PSU shares: State Bank, Oil India, BHEL, BEML, NMDC increased
Local funds were again buying shares of PSU companies today. Oil India increased by Rs 19.30 to Rs 565.10, BHEL increased by Rs 6.15 to Rs 224.80, BEML increased by Rs 77.45 to Rs 2856.95, NMDC increased by Rs 5.50 to Rs 205.75, Power Grid Corp increased by Rs 5.60 to Rs 264.55, SBI increased by Rs 13.20 to Rs 736.30. Reached Rs.
Market breadth negative due to loss-recovery selling at March end: 2228 shares closed negative
By the end of March, many small, mid-cap stocks entered the current year at higher prices, i.e., investors, players, who have sold rupees to book losses before the end of the year. Of course, sluggish trading was seen in many stocks today. Out of the total 3903 shares traded on BSE, the number of decliners was 2228 and the number of gainers was 1576.
Net sale of shares by FPI/FII was Rs. 2299 crore: Net purchases of DIIs are Rs. 2667 crores
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 2599.19 crore in cash today-Wednesday. There were sales of Rs 13,199.57 crore against total purchases of Rs 10,600.38 crore. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 2667.52 crore in cash today. There were total sales of Rs 8864.50 crore against total purchases of Rs 11,532.02 crore.