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Mumbai: Automobile stocks rose today led by gains in foreign funds and domestic institutional investors, local funds continued buying stocks after selling by foreign portfolio investors slowed down due to encouraging corporate results. On the global front, global markets remained strong as Dow Jones crossed the 40,000 mark yesterday as the Meteorological Department's timely monsoon report and US interest rate cut strengthened expectations. Along with auto stocks, consumer durables, capital goods, metal, oil-gas stocks remained bullish. In intra-day, Sensex crossed the level of 74000 and went up to 74070.84 and finally closed at 73917.03 with a rise of 253.31 points. While Nifty rose 50 points to 22502.15 and finally closed 62.25 points higher to 22466.10.
Mahindra gains for the second consecutive day: From Rs 142 to Rs 2514, new record high: TVS, Maruti gain
Among automobile stocks, the scrip closed Rs 141.60 higher at a new high of Rs 2,514.45 as funds continued heavy buying attracted by Mahindra & Mahindra's good results and invested Rs 12,000 crore in its electric vehicle unit for the second day. Planned. One line. TVS Motor rose by Rs 60.50 to Rs 2188.20, Balkrishna Industries rose by Rs 55.65 to Rs 2647, Cummins India rose by Rs 66 to Rs 3795.45, Maruti Suzuki rose by Rs 126.20 to Rs 12,620.90. , BSE Auto index closed 937.99 points higher at 53086.76.
Consumer index rises 1288 points: CG Opposition. Rs 53, Dixon rose Rs 682, Whirlpool rose Rs 61
Funds bought heavily today as a new phase of bullish trend started in the shares of consumer durables companies. CG Consumer's quarterly net profit rose 22.18 per cent to Rs 160.97 crore, while the stock rose Rs 53.10 to Rs 391.85. Dixon Technology also showed good results and rose by Rs 682.75 to Rs 8937.45, Whirlpool of India rose by Rs 61.25 to Rs 1568, VIP Industries rose by Rs 14 to Rs 523.40. BSE Consumer Durables index closed at 54804.06, up 1288.93 points.
China's crisis package boosts wealth in metal-mining stocks: NMDC, Jindal shares rise
While China has given a big package to the realty sector by allocating $42 billion to buy unsold houses, funds are also buying metal-mining stocks. NMDC rose by Rs 11.45 to Rs 276.45, APL Apollo rose by Rs 67.25 to Rs 1697.75, Jindal Stainless rose by Rs 17.65 to Rs 701, JSW Steel rose by Rs 20.95 to Rs 907.30, Vedanta rose by Rs 9.30 to Rs 9.30. ₹442.50, Sale increased by Rs 3.20 to Rs 166.85. BSE Metal Index closed 479.21 points higher at 32468.58.
PSU shares rise: Mazagon Dock up by Rs 304 to Rs 2743: Bharat Dynamics, BEML up
PSU- BSE PSU index closed 281.36 points higher at 20362.28 as funds resumed aggressive buying in public sector companies today. Mazagon Dock Shipbuilders rose by Rs 303.95 to Rs 2742.95, Bharat Dynamics rose by Rs 252.25 to Rs 2321, BEML rose by Rs 312.65 to Rs 4012.60, IRFC rose by Rs 11.20 to Rs 168.80. NLC India rose by Rs 14.85 to Rs 242.50, KIOCL rose by Rs 23.60 to Rs 444.65.
Profit booking in IT stocks: TCS, Zensar Techno, Orionpro, Mphasis, Netweb fall
Today there was overall profit booking in IT-software services and technology stocks. Netweb fell by Rs 114.95 to Rs 2184.95, Orionpro fell by Rs 128.40 to Rs 2440.35, Zensar Technology fell by Rs 23.40 to Rs 617.05, TCS fell by Rs 66.35 to Rs 3833.95, Oracle Finserv 1 Fell by Rs 08.60 to Rs 7779.55 came.
Kirloskar Ferrous rises by Rs 120 to Rs 725: Moyle, Glaxo, Keynes Tech rise on good results
Today there was selective aggressive buying in the group's shares. Kirloskar Ferrous rose Rs 120.85 to Rs 725.25, MOIL Ltd's FY24 net profit up 17% and sales up 30% by Rs 87.40 to Rs 524.60, Kiri Industries rose Rs 61.40 to Rs 370.90, Crompton rose Rs 53.10 to Rs 391.85. GlaxoSmithKline Pharma's quarterly profit increased by Rs 131.48 crore to Rs 193.08 crore, aggressive buying in the stock increased by Rs 267.70 per cent to Rs 55, Keynes Technology's quarterly net profit increased by Rs 97 per cent to Rs 81.30 crore, While the stock increased by Rs 514.65 to Rs 3090.45.
Funds, operators continued rally in small, mid-cap stocks over the weekend: 2345 shares closed positive
Market sentiment remained positive today amid reports of heavy buying by funds in small, mid-cap stocks and operators being active in their favorite stocks. Of the total 3939 shares traded on BSE, the number of gainers was 2345 and the number of decliners was 1479.
FPIs/FIIs made net selling of Rs 1617 crore in shares: DIIs made net buying of Rs 1556 crore.
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 1616.79 crore in cash today Friday. There were sales of Rs 14,203.82 crore against total purchases of Rs 15,820.61 crore. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 1556.25 crore in cash today. There were sales of Rs 10,100.35 crore against total purchases of Rs 11,656.60 crore.
Investors' wealth in shares increased by Rs 2.89 lakh crore to reach a new record high of Rs 410.24 lakh crore.
Today, due to widespread buying in shares, the total wealth of investors i.e. total market capitalization of BSE-listed companies increased by Rs 2.89 lakh crore in a single day to a new record high of Rs 410.24 lakh crore.