look news india
Mumbai: Following Iran's drone and missile attack on Israel last weekend, Israel's commitment to retaliate and efforts by the US and European countries to stop the escalation of the war failing, Indian stock markets today lagged global markets for the second consecutive day. . There were signs of war breaking out between the two countries and there was a shortage of money. Fund Heavy selling in IT-software services, technology stocks Infosys, Wipro, HCL Technology, Tech Mahindra, TCS and other frontline stocks including Bajaj Finserv, Bajaj Finance led Sensex today, losing the 73000 level to close at 72685.03. 456 closed down 10 points at 72943.68. While Nifty fell 50 points to 2079.45 and finally fell 124.60 points to close at 22147.90. The Sensex has fallen 2181 points or three per cent in four trading days from its high of 75124.28 on April 9, 2024. Stock markets will remain closed on Wednesday, 17 April 2024 on the occasion of Ram Navami.
IT index fell to 817
Funds aggressively sold stocks today on expectations of a decline in profits at global majors due to slowing business growth in IT-software services, technology companies and a worrying rise in the number of layoffs. BSE IT index fell 816.89 points to close at 34400.21. Ramco Systems fell by Rs 19.85 to Rs 386, Infosys fell by Rs 53.55 to Rs 1414.75, Coforge fell by Rs 183.70 to Rs 5210, LTI Mindtree fell by Rs 147.15 to Rs 4666, L&T Technology fell by Rs 135.65. rs 5316, oracle Finserv fell by Rs 195.45 to Rs 7861, Tech Mahindra fell by Rs 23.20 to Rs 1196, TCS fell by Rs 69.35 to Rs 3872.30, HCL Technology fell by Rs 29.15 to Rs 1476.30.
Financial services stocks fall
Financial services stocks witnessed widespread selling today as the bullish trend ended. Shares of Bajaj Twins, Shares of Bajaj Finserv fell by Rs 38.25 to Rs 1619.05, Shares of Bajaj Finance fell by Rs 127.65 to Rs 6947.35. With this, PNB fell by Rs 4.65 to Rs 128.20, IndusInd Bank fell by Rs 48.05 to Rs 1490.75, CRISIL fell by Rs 145.15 to Rs 4690, Anand Rathi fell by Rs 105.45 to Rs 4084.75, IIFL 10. 15 rupees fall Came to Rs 421.70.
Valuation of funds in healthcare stocks
Fund selective valuations were seen in shares of healthcare-pharmaceuticals companies today. Marksons increased by Rs 20.60 to Rs 176.50, Jagsanpal Pharma increased by Rs 35.25 to Rs 323.05, Solara increased by Rs 24 to Rs 422.75, NGL Fine increased by Rs 127.60 to Rs 2264.35, Newland Lab increased by Rs 414.95. Rs 7519.90, Laurus Lab 12.80 The rupee rose to Rs 442.85, up Rs 6.70 to Rs 266.90.
Attraction in small, midcap stocks
The market spectrum moved from negative to positive as small, mid-cap stocks continued to be the preferred buying attraction for players with less funds. Of the total 3933 shares traded on BSE, the number of gainers was 2177 and the number of decliners was 1638. The BSE Small Cap index closed 257.11 points higher at 45423.98 and the BSE Mid Cap index closed 21.64 points higher at 40315.36.
Investors' wealth decreased by Rs 23 thousand crores
Due to continued Sensex, Nifty based selling amidst attraction in small and midcap stocks, the wealth of investors i.e. market capitalization of BSE listed companies declined by Rs 23 thousand crore in a day to Rs 394.25 lakh crore.
DII's net purchase of Rs 2040 crore
FIIs sold shares worth Rs 4,468.09 crore in cash today-Tuesday. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 2040.38 crore in cash today.