look news india
Mumbai: Amidst the preparations for the Lok Sabha elections, Sensex and Nifty made new records today due to continuous purchasing of shares by local funds and local institutional investors in the Indian stock markets. On the global front, investment attractiveness of funds was seen increasing in the hope of strengthening the markets of Europe and Asia and stopping the rise in crude oil prices and formation of a strong government at the Center after the elections. Prime Minister Narendra Modi and India are achieving extraordinary growth in terms of economic growth. Sensex today touched 75105.14 and finally closed 354.45 points higher at a new high of 75038.15 and Nifty 50 spot made a new history at 22775.70 and finally closed 111.5 points higher at a new record high of 22753.80. Aggressive gains were seen in consumer durables, metal-mining, oil-gas, banking-finance stocks. Small cap and mid cap stocks again witnessed a rise.
Storm in oil marketing stocks: HPCL up by Rs 29 at Rs 487: BPCL up by Rs 20 at Rs 605
Funds bought aggressively in oil-marketing PSU stocks today as international crude oil prices fell marginally lower and reported rising demand for petrol, diesel. Hindustan Petroleum Corporation-HPCL rose by Rs 28.70 to Rs 487.55, Petronet LNG rose by Rs 14.45 to Rs 302.65, BPCL rose by Rs 19.60 to Rs 605.15, Indian Oil Corporation rose by Rs 4.05 to Rs 172.80. , ONGC rose by Rs 2.95 to Rs 271.90, Reliance Industries rose by Rs 31.50 to Rs 2958.60. BSE Oil-Gas Index rose 488.04 points to close at 28610.08. International crude oil prices in the evening were Brent crude near $89.79 and NYMAX-New York crude at $85.59.
Metal index jumps 498 points: Vedanta, NMDC, Coal India, Hindalco rise
Funds continued to buy heavily into metal-mining stocks today on expectations that China's economic recovery will accelerate this year and as a result, prices of Chinese companies listed on the Hong Kong Stock Exchange rose sharply today as global demand for the metal increased. Vedanta rose by Rs 23.50 to Rs 361.70, NMDC rose by Rs 13.20 to Rs 241.15, Coal India rose by Rs 16.30 to Rs 456.05, Hindalco rose by Rs 13.20 to Rs 601.95, SAIL rose by Rs 1.80 to Rs 153. , JSW Steel rose by Rs 3.35 to Rs 878. BSE Metal Index closed 497.63 points higher at 30515.78.
Bankex rises 364 points: IDFC Bank up: Kotak Bank, Federal, State Bank up
Funds bought heavily in banking-finance stocks today. IDFC First Bank rose by Rs 2.51 to reach Rs 84.71 as the momentum subsided again. Kotak Mahindra Bank rose by Rs 42.85 to Rs 1825.10, Federal Bank rose by Rs 3.40 to Rs 159.05, Bank of Baroda rose by Rs 5.20 to Rs 270.55, State Bank of India rose by Rs 14.85 to Rs 1087.779, Axis Bank rose by Rs 6.55 to Rs 1087.30. BSE Bankex index closed 363.98 points higher at 55387.88. MCX India rose by Rs 172.25 to Rs 3904.35, Paisalo Digital rose by Rs 3.61 to Rs 86.30, SMC Global rose by Rs 6.25 to Rs 149.85, Nippon rose by Rs 22.75 to Rs 547.50.
Among FMCG stocks, ITC, Foods & Ins, Tilaknagar, United Spirits, Radico were among the gainers.
FMCG-beverage stocks witnessed a rise today on expectations of increase in demand for liquor as elections and summer season are approaching. Foods & Ins rose by Rs 19.95 to Rs 162.55, Tilaknagar Industries rose by Rs 13.90 to Rs 230.45, United Spirits rose by Rs 71.30 to Rs 1200.25, Agro Tech Foods rose by Rs 35 to Rs 755. CCL Products rose by Rs 16.80 to Rs 591.35, Radico Khaitan rose by Rs 44.65 to Rs 1711.60, ITC rose by Rs 10.60 to Rs 436.90, DCL Shriram rose by Rs 5.10 to Rs 203.90.
Market condition negative: 1,939 stocks fell due to profit booking despite gains in small, mid-cap stocks
Funds, players, high net worth investors again bought small, mid cap, cash stocks today. Of course, the market sentiment was marginally negative with profit-booking in many stocks. Of the total 3933 stocks traded on BSE, the number of gainers was 1904 and the number of decliners was 1939.
Investor's asset-market cap. Rs 2.27 lakh crore increased to a new record high of Rs 402.19 lakh crore
Today, with Sensex, Nifty based rise in shares, investors' wealth i.e. market capitalization of BSE listed companies increased by Rs 2.27 lakh crore in a single day to reach a new record level of Rs 402.19 lakh crore. ,
FPI/FII made net purchase of shares worth Rs 2778 crore: DII made net purchase of Rs 163 crore.
Foreign portfolio investors – FPIs, FIIs made net purchases of shares worth Rs 2778.17 crore in cash today-Wednesday. There were total sales of Rs 10,566.78 crore against total purchases of Rs 13,344.95 crore. While DII-domestic institutional investors made net purchases of shares worth Rs 163.36 crore in cash today. There were sales of Rs 12,179.15 crore against total purchases of Rs 12,342.51 crore.