Sunday , November 24 2024

Rise in local funds: Sensex rises 599 points to 73649

Mumbai: After the easing of tensions between Israel and Iran and the rise in the markets of Asian and European countries in the global stock markets today, there was an all-round stormy rise in the local fund giants in the Indian stock markets. However, foreign portfolio investors continued to sell stocks. The sentiment remained strong due to easing of geopolitical tensions on the global front and fall in international crude oil prices and expectations of corporate results domestically ahead of Reliance Industries' evening results. The rally was aggressive as funds bought consumer durables, capital goods, banking-finance, automobile and healthcare, oil-gas stocks as well as IT, FMCG stocks. Sensex closed 560.29 points higher at 73648.62 and Nifty closed 189.40 points higher at 22336.40. Funds also made selective purchases in small, midcap stocks today.

Consumer index rises 1325 points: Voltas up Rs 82, Whirlpool up Rs 80, Dixon up Rs 292.

BSE Consumer Durables index closed 1325.69 points higher at 53709.32 as funds again made heavy purchases of shares of consumer durables companies today. Voltas rose by Rs 82.45 to Rs 1382.90, Whirlpool of India rose by Rs 79.55 to Rs 1523.85, Aditya Birla Fashion rose by Rs 10.15 to Rs 241.55, Havells India rose by Rs 291.95 to Rs 7823.95. Increase by Rs 5 to Rs 1550, Blue Star rose by Rs 33.05 to Rs 1455.50, Titan Company rose by Rs 34.95 to Rs 3597.80.

Capital Goods Index up 1007 points: Larsen up Rs 94, ABB up Rs 235, Siemens up Rs 179

BSE Capital Goods index closed 1007.28 points higher at 62042.67 as funds made aggressive buying in capital goods stocks today. ABB India rose by Rs 234.95 to Rs 6526.15, Suzlon rose by Rs 1.46 to Rs 40.87, Siemens rose by Rs 179.35 to Rs 5767.60, Carborendum rose by Rs 36.95 to Rs 1286.85, Larsen & Toubro rose by Rs 94.05 to Rs 94.05. .3613.30, Polycab rose by Rs 138 to Rs 5430.45, Honeywell Automation rose by Rs 909.60 to Rs 44,907.40, Praj Industries rose by Rs 8.10 to Rs 517.60.

Reliance rises Rs 19 to Rs 2261 ahead of results: BPCL, HPCL, IOC rise

Oil-gas stocks remained attractive with Brent crude at $86.53 and New York-Nymax crude at $82.83, supporting declines in international crude prices. Ahead of the quarter announcement, Reliance Industries shares rose by Rs 19 to Rs 2960.60, BPCL shares rose by Rs 18.05 to Rs 603.95, HPCL shares rose by Rs 13.60 to Rs 492.05, IOC shares rose by Rs 4.20. After the results, Reliance Industries rose by Rs 170.85, ONGC rose by Rs 1.90 to Rs 277.05.

Widespread buying in small, mid-cap stocks again by players, funds: 2599 shares closed positive

The market sentiment remained positive as funds, players again made large purchases in small, mid cap stocks. Of the total 4057 stocks traded on BSE, the number of gainers was 2599 and the number of decliners was 1310.

Auto stocks rise: Cummins up Rs 89 at Rs 3129: Eicher up Rs 127, Hero up Rs 107

Today, BSE Auto Index rose 454.44 points to close at 49537.90 due to heavy buying by funds in automobile companies. Cummins India rose by Rs 89.25 to Rs 3129.40, Eicher Motors rose by Rs 127.50 to Rs 4468.30, Hero MotoCorp rose by Rs 107.10 to Rs 4322.25, TVS Motor rose by Rs 48.10 to Rs 1947, Ashok Leyland rose by Rs 107.10 to Rs 4322.25. Up by Rs 3.45 to Rs 172.80, Tube Investments up by Rs 41.80 to Rs 3536.20, Maruti Suzuki up by Rs 80.35 to Rs 12,791.

Select rally in healthcare stocks: Sigachi, Haikal, Supriya Life, Morepan, Bliss GVS rise

Funds also made big purchases in healthcare-pharmaceuticals companies today. Sigachi Industries increased by Rs 6.99 to Rs 69.62, Haikal increased by Rs 21.40 to Rs 320.10, Morpen Lab increased by Rs 3.21 to Rs 51.84, Bliss GVS increased by Rs 6.10 to Rs 115.75, Indraprastha Gas increased by Rs 12.05. Rs 244.20, Glenmark Life Advance Enzymes increased by Rs 37 to Rs 839.40, Advanced Enzymes increased by Rs 16.40 to Rs 381.50, Lupine increased by Rs 60.25 to Rs 1607.30, Newland Lab increased by Rs 266.10 to Rs 7634.55. BSE Healthcare index closed 360.84 points higher at 34783.51.

Axis Bank price increased by Rs 25 to Rs 1054: State Bank, ICICI, IDFC Bank attracted.

Funds also made selective purchases in banking-finance stocks today. Axis Bank rose by Rs 24.50 to Rs 1054, State Bank of India rose by Rs 15.05 to Rs 765.85, ICICI Bank rose by Rs 20.60 to Rs 1087, IDFC First Bank rose by Rs 1.36 to Rs 1.36. 83.19, Bank of Baroda rose by Rs 4.25 to Rs 261.20, Kotak Mahindra Bank rose by Rs 17.05 to Rs 1810.25. The BSE Bankex index closed 500.96 points higher at 54221.72.

Kalyani up by Rs 603 to Rs 4503, BF Invest up by Rs 63, Pilani up by Rs 357, Sumit up by Rs 111

Funds made selective purchases in financial services stocks today. Kalyani Investments rose by Rs 603.20 to Rs 4502.90, BF Investments rose by Rs 63 to Rs 584, Pilani Investments rose by Rs 356.75 to Rs 3801.10, Sumit Securities rose by Rs 111.20 to Rs 1331. Nalwa Sons rose by Rs 294.10 to Rs 3640.50, Angel One rose by Rs 135.55 to Rs 2824.55, Tourism Finance rose by Rs 8.75 to Rs 183.95, JSW Holding rose by Rs 60 to Rs 6972.30.

Investors' wealth in stock-market cap. Rs 4.41 lakh crore increased to Rs 397.86 lakh crore

With Sensex and Nifty based gains due to big buying in small and midcap stocks, investors' wealth i.e. market capitalization of BSE listed companies increased by Rs 4.41 lakh crore in a day to Rs 397.86 lakh crore.

Net sale of shares by FPI/FII was Rs. 2915 Crore: Net purchases by DIIs amount to Rs. 3543 crores

Foreign portfolio investors-FPIs, FIIs made a net sale of shares worth Rs 2915.23 crore in cash today-Monday. There were sales of Rs 16,104.98 crore against total purchases of Rs 13,189.75 crore. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 3542.93 crore in cash today. There were sales of Rs 8312.66 crore against total purchases of Rs 11,855.59 crore.

In European markets, the FTSE rose 125 points, the DEX rose 85 points: the Nikkei rose 370 points, the Hang Seng rose 287 points.

Global markets remained bullish today as technology giants' results were monitored and Israel-Iran tension eased. In the markets of European countries, the FTSE 100 index of the London Stock Exchange showed an improvement of 125 points, the German index showed an improvement of 85 points. Whereas in the markets of Asia-Pacific countries, Japan's Nikkei 225 index increased by 370 points and Hong Kong's Hang Seng increased by 287 points.