look news india
Mumbai: The Amrit Kaal of Hindu New Year Chaitri Navratri was celebrated in the Indian stock markets today, during which a new history was created, when the Sensex crossed the 75000 mark in intra-day. On the global front, Sensex hit new all-time high of 75124 and Spot Nifty of 22768 today driven by positive factors from local funds, sustained buying in stocks by domestic institutional investors and Israel ceasefire in Gaza. But the record rally suffered a setback as international crude oil prices rose again to a five-month high. Sensex rose 381.78 points to a new record high of 75,124.28 on the back of aggressive buying in banking-finance, metal frontline stocks at the opening of the fund today. At the end of which the surge ended due to profit booking due to selling of funds and finally closed at 74683.70 with a fall of 58.80 points. While Nifty Spot rose 102.10 points to register a new high of 22768.40 and finally fell 23.55 points to close at 22642.75. Due to the rise in global markets, a stormy rise was seen in Ahmedabad gold and silver.
Attraction in Banking Shares
Among banking-finance shares, BSE Bankex index closed 185.88 points higher at 55023.90 on continued buying by funds. ICICI Bank rose by Rs 20.35 to Rs 1107.20, Federal Bank rose by Rs 1.25 to Rs 155.65, Axis Bank rose by Rs 4.05 to Rs 1079.25, HDFC Bank rose by Rs 2.55 to Rs 1548.60. With this, on MCX it increased by Rs 126.95 to Rs 3722, on SBI Card it increased by Rs 28.75 to Rs 751.90, on ICICI Securities it increased by Rs 13.10 to Rs 730.20.
Consumer index fell 593 points
Funds of consumer durables companies were also selling at profits today. Shares of Titan Company fell by Rs 68 to Rs 3679.70, shares of VIP Industries fell by Rs 7.50 to Rs 539.15, shares of Aditya Birla fell by Rs 1.85 to Rs 237.50, shares of Blue Star fell by Rs 5 to Rs 1401.75.
rise in metal shares
There was selective buying in metal-mining stocks today on hopes of economic recovery in China this year and a surge in metal demand. Vedanta was up by Rs 15.05 at Rs 338.20, SAIL was up Rs 5 at Rs 151.20, Hindalco was up Rs 12.05 at Rs 588.75, NMDC was up Rs 3.95 at Rs 227.95, APL Apollo at Rs. Rs 11.15 to Rs 1600.95. Coal India fell by Rs 7.75 to Rs 439.75, Jindal Steel fell by Rs 9.50 to Rs 902.20. BSE Metal Index rose 158.32 points to 30018.15.
Selective investment of funds in IT stocks
IT-software services, technology stocks remained the favorite purchases of the fund today. Infosys increased by Rs 17.65 to Rs 1494.70, Persistent increased by Rs 79.25 to Rs 3975, Mastek increased by Rs 27.60 to Rs 2645.90, Coforge increased by Rs 32.45 to Rs 5712.40, OrionPro increased by Rs 70.55 to Rs 2442, Infobins Technology increased by Rs 8.10 to Rs 400.85. It's done.
Profit booking in small, mid cap, cash stocks
Sensex hit new record high of 75,000 and Nafty 22,750 while funds, high net worth investors booked profits in small, mid cap, cash stocks for the second consecutive day today, the market breadth was negative. Out of total 3951 shares traded in BSE today, the number of gainers was 1554 and the number of decliners was 2288.
DII's net purchase of Rs 2257 crore
Foreign portfolio investors-FPIs, FIIs made a net sale of shares worth Rs 593.20 crore in cash today-Tuesday. There were sales of Rs 14,558.04 crore against total purchases of Rs 13,964.84 crore. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 2257.18 crore in cash today. There were total sales of Rs 8873.31 crore against total purchases of Rs 11,130.49 crore.
Investors' wealth decreased by Rs 94 thousand crores
Today's rise in shares due to widespread profitable selling by funds and players means the market capitalization of BSE listed companies decreased by Rs 94 thousand crore in a day to Rs 399.92 lakh crore.
