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Mumbai: Global positives included the signing of a ceasefire between Israel and Hamas, crude oil prices falling the most since February, Apple Inc's historic share buyback in China with better-than-expected results and a solid outlook-projected recovery. In contrast to global markets being hit by technology stocks, funds, heavyweights and index-based major players in the Indian stock markets faced heavy losses over the weekend. Following the Lok Sabha elections, reports that the government would make changes to the income tax account, including introducing uniform criteria and penalties for all asset classes, sent the Indian stock market into turmoil. In intra-day, Sensex has fallen by more than 2600 points and Nifty by more than 800 points. However, Finance Minister Nirmala Sitharaman has termed the talks about changes related to income tax as rumours.
Stay away from F&D: Operators, index-based funds market heated up again due to rumors.
The trading started on a positive note with shares like Bajaj Fin Twins, State Bank, Mahindra & Mahindra, ICICI Bank etc. rising. Sensex rose 484.07 points to 75095.18. Suddenly, frontline-index based heavyweight shares including major hammering Reliance Industries, Bharti Airtel, Larsen & Toubro, Maruti Suzuki, Kotak Mahindra Bank, Nestle India, UltraTech Cement fell 1,627.45 points from top to bottom. 73,467.73. It recovered half from the falling peak and finally fell by 732.96 points and closed at 73878.15 points. While Nifty 50 spot initially rose 146.50 points to hit a new high of 22794.70, then fell 446.65 points from the peak to a low of 22348.05 and finally fell 172.35 points to close at 22475.85. It is important to stay away from F&O casinos as the rumor mill heats up again and operators, funds, index based turmoil and big plays in futures and options begin to play out.
Reliance Industries fell at Rs 2832: Larsen fell at Rs 3487: Maruti, Nestle, Bharti fell.
Frontline-heavyweight stocks in Sensex stocks today got a jolt due to major turmoil in the market. Reliance Industries shares fell to a low of Rs 2832.70 and finally closed at Rs 2868.50, down 63.60 points. Larsen & Toubro fell to a low of Rs 3487.75 and closed at Rs 3499.10 with a loss of Rs 98.50. Maruti Suzuki fell to a low of Rs 12,416.90 and finally closed at Rs 12,491.15, down 302.60 points. Nestle India fell as low as Rs 2435.85 and finally fell by Rs 55.70 to Rs 2455.60. Bharti Airtel fell as low as Rs 1258.25 and finally closed at Rs 1279.65 with a fall of Rs 26.50. UltraTech Cement fell as low as Rs 9776.80 and finally closed at Rs 9786.10 with a fall of Rs 195.15.
Capital goods index falls 750 points: Selling in carborundum, GMR, SKF
The BSE Capital Goods index closed 749.50 points lower at 62616.74 today with capital goods stocks including Larsen leading the gains. Which came down to 62349. Carborundum Universal fell by Rs 63 to Rs 1444.85, GMR Infra fell by Rs 2.52 to Rs 85.60, SKF India fell by Rs 86.30 to Rs 4631, Bharat Forge fell by Rs 22.30 to Rs 1252. Finolex Cables fell by Rs 18.65 to Rs 1046.45.
Selling in auto stocks behind Maruti: Auto index falls by 325 points: MRF falls by Rs 5431
BSE Auto Index fell 324.86 points to close at 51341.01 today after huge fund selling in automobile companies' shares led by Maruti Suzuki. MRF fell by Rs 5431.25 to Rs 1,28,495, Apollo Tire fell by Rs 10.35 to Rs 502.65, Bosch fell by Rs 620.70 to Rs 30,066.50, Tata Motors fell by Rs 15 to Rs 1013.80. The price of TVS Motor decreased by Rs 21.45 to Rs 2053.10, the price of Balkrishna Industries decreased by Rs 14.30 to Rs 2445.45.
Bullish trading in sugar stocks faltered: Bannari Aman, Avadh Sugar, DCM, Renuka Sugar fell.
China-FMCG stocks witnessed a broad based weakness today as funds, players started pulling out of big bullish trades. Bannari Aman Sugar fell by Rs 105.35 to Rs 2602.20, Avadh Sugar fell by Rs 18 to Rs 579.95, DCM Shriram fell by Rs 5.80 to Rs 205.75, Renuka Sugar fell by Rs 1.04 to Rs 43.89. With this, Nestle India fell by Rs 55.70 to Rs 2455.60, Vadilal Industries fell by Rs 103.90 to Rs 4680.50.
Selling in Kotak Bank: Down by Rs 28 to Rs 1547: Down in IndusInd: Bajaj Finserv, Bajaj Fi. increased
There was selling in banking-finance shares also today. After resignation of joint managing director ahead of Kotak Mahindra Bank results, Kotak Mahindra Bank shares fell Rs 28.55 to Rs 1,547.25, IndusInd Bank shares fell Rs 23 to Rs 1,482.70, Federal Bank shares fell Rs 2.05 to Rs 165.95 14.35 Rs increased to Rs 1518.65. With this, Dhani Services fell by Rs 3.29 to Rs 51.93, Cafentech fell by Rs 28.75 to Rs 786.25, BF Invest fell by Rs 20.45 to Rs 559.40, Angel One fell by Rs 60.50 to Rs 60.50. Rs 2717.10 While the Reserve Bank of India lifted the ban on sanctioning and disbursing loans to Bajaj Finance through its two credit products, eCom and Insta EMI cards, shares rose Rs 51.80 to Rs 6932.80, Bajaj Finserv rose Rs 11.10 to Rs 1627. . .10 left.
Healthcare stocks rise: Ajanta Pharma up by Rs 144 to Rs 2377: Piramal Pharma, Unichem Lab gain
In the bearish market today, funds bought selected stocks of healthcare-pharmaceutical companies. Ajanta Pharma increased by Rs 143.90 to Rs 2377, Piramal Pharma increased by Rs 8 to Rs 151.10, Rainbow increased by Rs 75.30 to Rs 1461.55, Unichem Lab increased by Rs 15.95 to Rs 600.95, Polymed increased by Rs 42.45. Rs 1682.30, Fortis Up by Rs 11.10 to Rs 451.70, Torrent Pharma up by Rs 58.80 to Rs 2732.60, Novartis up by Rs. 18.10 to Rs 1057.25.
Small, mid-cap stocks hit by selling by operators over the weekend: 2411 shares negative
Today at the end of the week, small, midcap, cash stock operators, funds started selling in many stocks and the market situation became very bad. Out of total 3958 stocks traded on BSE, the number of declining stocks was 1421 and the number of gaining stocks was 2411.
Net sale of shares by FPI/FII was Rs. 2392 crore: Net purchases of DIIs are Rs. 690 crores
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 2392 crore in cash today Friday. There were total sales of Rs 19,832.06 crore against total purchases of Rs 17,440.08 crore. While DII-domestic institutional investors made net purchases of shares worth Rs 690.52 crore in cash today. There were sales of Rs 13,175.40 crore against total purchases of Rs 13,865.92 crore.
Investors' wealth in stock-market cap. Rs 2.25 lakh crore reduced to Rs 406.24 lakh crore
Sensex, Nifty based frontline, A group shares fell with heavy selling in small and mid cap stocks, total market capitalization of BSE listed companies i.e. investors' wealth fell by Rs 2.25 lakh crore in a single day to Rs 406.24 lakh crore. Went