look news india
Mumbai: With the Indian cricket team's T20 World Cup victory, the Indian stock markets continued to rise to new records as foreign funds poured into the Indian stock market. Expectations of good progress of monsoon, stimulus in the Union Budget, foreign funds, giants, operators, retail investors increased the stocks and led an aggressive broad rally. Funds continued to buy heavily in IT-software services, technology stocks, while valuations of healthcare-pharmaceuticals stocks and buying in automobile, capital goods stocks.
In this storm of uptrend, buy this or that stock from weak stocks… be careful
Buying in IT stocks including HCL Technology, TCS, Infosys, banking stocks ICICI Bank, Kotak Mahindra Bank and auto stocks Tata Motors, Mahindra & Mahindra pushed the Sensex up 405.84 points to a new high of 80392.64 at 62.87 from 80049.67. At the same time, the Nifty 50 spot made a new record of 24401 with a gain of 114.50 points at one time and closed at 24302.15 with a gain of 15.65 points. Along with this, small, midcap stocks also remained attractive, amid the storm of bullishness, the game of 'take this and take that' has started in the weak 'ghost' stocks, investors need to be careful.
Unstoppable rally in IT stocks: Nelco up Rs 91 to Rs 883: MapmyIndia, Moschip up
BSE IT index closed 427.84 points higher at 38535.11 as funds, players continued all-round buying in IT-software services, technology stocks today. Nelco rose Rs 90.85 to Rs 883.30, Mapmyindia rose Rs 120.25 to Rs 2444.30, Orionpro rose Rs 73.10 to Rs 1535.60, Moschip rose Rs 14.45 to Rs 303, RateGain rose Rs 80.35.30 to Rs 804.50, Mastek rose Rs 124.50 to Rs 2872.35, Coforge rose Rs 225.65 to Rs 5899.80, Proteus rose Rs 49.65 to Rs 1417.60, Zee Media rose Rs 153.50 to Rs 4749.40. , HCL Technology rose by Rs 39.80 to Rs 1520.55, Genesis International rose by Rs 12.75 to Rs 607, TCS rose by Rs 56.40 to Rs 4021.25, Infosys rose by Rs 21.55 to Rs 1649.15.
In auto stocks, TI rose Rs 143 to Rs 4314: Cummins gained Rs 120, Tata Motors gained Rs 23
The BSE Auto index jumped 506.51 points to close at 57757.11 as funds again bought aggressively in automobile companies' stocks today. TI India rose Rs 143.10 to Rs 4313.70, Cummins India rose Rs 119.70 to Rs 4077, Tata Motors rose Rs 23.40 to Rs 999.05, TVS Motor rose Rs 51 to Rs 2366, Bosch rose Rs 521.35 to Rs 35,057.20, Balkrishna Industries rose Rs 40.70 to Rs 3152, Mahindra & Mahindra rose Rs 23.30 to Rs 2901.10, Bajaj Auto rose Rs 55 to Rs 9489.95.
ICICI up Rs 30 to Rs 1232: Kotak Bank up Rs 23 to Rs 1834: HUDCO up Rs 23
In banking-finance stocks, buying continued in select frontline stocks today. ICICI Bank rose by Rs 30.50 to Rs 1231.75, Kotak Mahindra Bank rose by Rs 22.80 to Rs 1834.40. Along with this, HUDCO rose by Rs 23.10 to Rs 324.95, Bajaj Holding rose by Rs 604.25 to Rs 9894.05, Utkarsh Small Bank rose by Rs 2.52 to Rs 52.93, Share India rose by Rs 10 to Rs 304.60, REC rose by Rs 13.40 to Rs 575.50, HDFC AMC rose by Rs 97.55 to Rs 4221.90, LIC India rose by Rs 22.25 to Rs 1010.05.
AstraZeneca Pharma gains Rs 761 to Rs 7150 Among Healthcare Stocks: Suven, Bliss GVS, Panacea Rally
Funds continued to make broad-based buying in stocks of healthcare-pharmaceuticals companies. AstraZeneca Pharma rose Rs 761.40 to Rs 7150, Suven Life rose Rs 10.60 to Rs 116.65, Bliss GVS rose Rs 9.95 to Rs 113.35, Panacea Bio rose Rs 10.90 to Rs 144, Vimta Labs rose Rs 37.40 to Rs 518.75, Advanced Enzymes rose Rs 22.75 to Rs 398.25, Wockhardt rose Rs 46.45 to Rs 933.90, Metropolis rose Rs 58.30 to Rs 2084.80, FDC rose Rs 10.70 to Rs 508.
Market breadth positive due to continued attraction in small, mid cap stocks: 2117 stocks closed positive
The market breadth remained positive as funds, players again became active in small, mid cap stocks. Out of the total 4021 stocks traded on BSE, the number of gainers was 2117 and the number of losers was 1821. Of course, investors should be cautious as many penny stocks have started showing an uptrend.
FPIs/FIIs made net purchases worth Rs 2576 crore in shares: DIIs made net sales worth Rs 2375 crore
Foreign Portfolio Investors – FPIs, FIIs made net purchases of shares worth Rs 2,575.85 crore in cash today on Wednesday. There were net sales of Rs 11,261.43 crore against total purchases of Rs 13,837.28 crore. While DIIs-Domestic Institutional Investors made net sales of Rs 2375.18 crore in cash today. There were net sales of Rs 13,678.50 crore against total purchases of Rs 11,303.32 crore.
Investor asset-market cap rises by Rs 1.87 lakh crore to a new high of Rs 447.30 lakh crore
Sensex, Nifty continued to make new records, today again buying continued in small, midcap, A group, cash shares and prices rose and investors' wealth i.e. total market capitalization of companies listed on BSE increased by Rs 1.87 lakh crore and reached a new historical peak of Rs 447.30 lakh crore.