Sunday , November 24 2024

Sensex rises 141 points to new high of 77479

Mumbai: On the global front, the index-based stocks of Indian stock markets witnessed a record-breaking rise today with the strength in global markets on the indication of interest rate cuts by central banks of various countries. Funds extended the gains in oil-gas stocks with heavy buying in metal-mining stocks and continued buying in banking-finance stocks today after yesterday's big gain. Along with this, there was also buying in midcap, smallcap stocks after yesterday's big sell-off. However, funds continued selling in automobile, consumer durables stocks. Funds reduced the bullish trade in auto stocks due to rising crude oil prices internationally. The Sensex traded between 77,643.09 and 77,100.36 in two-way fluctuations and closed at 77,478.93, up 141.34 points. While the Nifty 50 spot bounced between 23624 and 23442.60 and closed 51 points lower at 23567.

Metal index surges 619 points: Vedanta up Rs 22, Rs 470: NMDC, Hindalco up

Funds bought metal-mining stocks heavily today as large-scale projects in the infrastructure sector are expected to take shape in the country, leading to a big increase in demand for metals and the coming of the BJP government will provide huge opportunities in the mining sector in Orissa. Vedanta rose Rs 21.80 to Rs 470.25, NMDC rose Rs 11.10 to Rs 273.20, SAIL rose Rs 3.95 to Rs 153.95, Hindalco rose Rs 14.30 to Rs 676.75, Jindal Stainless rose Rs 14.60 to Rs 808.75. JSW Steel rose Rs 15.25 to Rs 930.45, Tata Steel rose Rs 2.30 to Rs 182.35, Coal India rose Rs 4 to Rs 483.15. BSE Metal index closed at 33731.07, up 619.29 points.

Funds continue to buy banking stocks: Federal Bank, IDFC Bank, AU Small Bank, Kotak Bank gained.

The BSE Bankex index closed 355.95 points higher at 58,824.83 as funds continued their selective buying in banking-finance stocks today after yesterday's massive buying. Federal Bank rose Rs 4.30 to Rs 178.90, IDFC First Bank rose Rs 1.69 to Rs 83.85, AU Small Finance Bank rose Rs 9.50 to Rs 667.20, ICICI Bank rose Rs 12.05 to Rs 8.05. 1156.80, Kotak Mahindra Bank rose Rs 16.80 to Rs 1765.05, Axis Bank rose Rs 11.65 to Rs 1237.90, HDFC Bank rose Rs 11 to Rs 1669.

Among finance stocks, Citi Bank, JM Fi., Kama Holdings, New India Assurance, Bandhan Bank rose.

Funds' holdings in financial services companies were also seen rising today. Otham Investment rose Rs 83.85 to Rs 1098.65, City Union Bank rose Rs 9.15 to Rs 166.15, JM Financial rose Rs 4.76 to Rs 87.27, Kama Holdings rose Rs 138.85 to Rs 2705.40, New India Assurance rose Rs 12.55 to Rs 250.60, Bandhan Bank rose Rs 9.40 to Rs 208.25, L&T Finance rose Rs 7.50 to Rs 183, DCB Bank rose Rs 5.85 to Rs 143.40.

Attraction in oil and gas stocks: BPCL rises by Rs 10 to Rs 626: Reliance, HPCL rise

International crude oil prices remained strong this evening with Brent crude trading at $85.27 per barrel and New York-NYMEX crude at $81.60, however, oil marketing PSU stocks remained attractive among other oil stocks. BPCL Bonus Attraction rose by Rs 10.25 to Rs 626.30, HPCL rose by Rs 8.20 to Rs 523.90, IOC rose by Rs 2.15 to Rs 168.95, Indraprastha Gas rose by Rs 6.40 to Rs 476.85, Petronet LNG rose by Rs 3.50 to Rs 314.15, Reliance Industries rose by Rs 29.20 to Rs 2946.40, GAIL rose by Rs 2.20 to Rs 218.55.

Profit booking in auto stocks: Tube Inv. down by Rs 150 to Rs 4210: Hero, Mahindra, Maruti fall

Auto stocks traded lower today amid bullish trend in crude oil prices and imminent hike in petrol, diesel prices and profit booking by funds. Tube Investments fell Rs 150.60 to Rs 4209.75, Hero Motocorp fell Rs 131.20 to Rs 5513.20, Mahindra & Mahindra fell Rs 61.45 to Rs 2870.70, Bosch fell Rs 675.65 to Rs 32239.20, Maruti Suzuki closed Rs 91.95 down to Rs 12,143.90, Bajaj Auto fell Rs 65.65 to Rs 9622.10. BSE Auto index closed 413.94 points down at 57148.19.

Buy again in capital goods stocks: LG surges Rs 42, Bharat Forge gains Rs 87, Lakshmi Machine gains Rs 163.

Capital goods stocks witnessed limited selective buying today after heavy selling yesterday. LG Equipments rose by Rs 42.20 to Rs 743.35, Bharat Forge rose by Rs 86.80 to Rs 1790.35, Suzlon NG rose by Rs 1.62 to Rs 50.52, Lakshmi Machine Works rose by Rs 163.35 to Rs 16,800, Praj Industries rose by Rs 6.50 to Rs 695.35, Thermax rose by Rs 34.75 to Rs 5145. BSE Capital Goods index closed 266.73 points higher at 72473.56.

Market breadth turns positive again: Small, mid cap stocks cap selective uptrend: 2254 stocks close positive

After heavy selling in small, mid-cap stocks by funds, operators on Wednesday, selective buying by smaller funds turned the market sentiment positive again today. Out of the total 3981 stocks traded on BSE, the number of gainers was 2254 and the number of losers was 1612.

Investors' wealth in stock-market cap increased by Rs 1.80 lakh crore to Rs 435.75 lakh crore

With the Sensex, Nifty based record gains today once again the A group of small, mid cap stocks remained the favorite attraction, the investors wealth i.e. the total market capitalization of the companies listed on BSE increased by Rs 1.80 lakh crore to Rs 435.75 lakh crore. Crore today.

FPIs/FIIs made net purchases worth Rs 415 crore in stocks: DIIs made net sales worth Rs 326 crore

Foreign Portfolio Investors – FPIs, FIIs made net purchases of shares worth Rs 415.30 crore in cash today on Thursday. There were net sales of Rs 15,861.81 crore against total purchases of Rs 16,277.11 crore. While DIIs – Domestic Institutional Investors made net sales of Rs 325.81 crore in cash today. There were net sales of Rs 12,890.09 crore against total purchases of Rs 12,564.28 crore.