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Mumbai: Good progress of monsoon, expectation of important agreements between the two countries during the visit of Prime Minister Narendra Modi to Russia and challenges in the Union Budget with many provisions to encourage industries with employment growth, good expectations in the corporate world due to the results, Sensex, Nifty again reached record highs today Sensex rose 391.26 points to a new high of 80351.64 and Nifty 50 rose 112.65 points to close at a new all-time high of 24433.20, as funds traded aggressively in automobile stocks and consumer durables stocks and also bought FMCG, healthcare-pharmaceuticals, banking stocks. We closed higher.
Consumer durables stocks rise again: Blue Star rises Rs 194 to Rs 1849: Titan, Havells rise
Funds were buying consumer durables stocks today in anticipation of rise in demand for home appliances and consumer durables due to good progress of monsoon. Blue Star rose Rs 193.95 to Rs 1849.35, Titan Company rose Rs 61.85 to Rs 3215.55, Havells India rose Rs 34.40 to Rs 1920.40, CG Consumer rose Rs 7.50 to Rs 428.15, Whirlpool of India rose Rs 24.85 to Rs 2024.10, Voltas rose Rs 10.90 to Rs 1470, Dixon Technology rose Rs 49.60 to Rs 12,532.90. BSE Consumer Durables index closed 1162.51 points higher at 59004.86.
Healthcare index gains 380 points: Gland gains Rs 143 to Rs 2027: Caplin Lab, Bajaj Health gain
Funds made a large selection of stocks of healthcare-pharmaceuticals companies today. Gland Pharma rose Rs 142.65 to Rs 2027.50, Caplin Labs rose Rs 90.35 to Rs 1510.70, Bajaj Health rose Rs 21.85 to Rs 394.95, Vijaya Diagnostic rose Rs 32.15 to Rs 814.40, Panacea Biotec rose Rs 5.70 to Rs 145. Themis Medicare rose Rs 8.40 to Rs 241, IPCA Labs rose Rs 32 to Rs 1221.95, Pfizer rose Rs 112.85 to Rs .4708, Divi's Lab rose Rs 102.55 to Rs 4570, Neuland Lab rose Rs 169.75 to Rs 7832.05, Sun Pharma Industries rose Rs 30.65 to Rs 1586.30, Lupin rose Rs 33.70 to Rs 1812.85. BSE Healthcare index rose 379.62 points to close at 38447.57.
Maruti up by Rs 794 to Rs 12,820: MRF up by Rs 2799, Bosch by Rs 1100, Mahindra by Rs 72.
Funds again bought shares of automobile companies today. Funds bought auto stocks extensively on expectations that rural prosperity will boost vehicle purchases across the country along with expectations of strong growth in the agricultural sector with good progress of monsoon and expectations of increase in profitability of automobile companies. Maruti Suzuki rose Rs 794.20 to Rs 12,820.20, Bosch rose Rs 1100.35 to Rs 35,608.20, Apollo Tyres rose Rs 14.65 to Rs 536.95, Mahindra & Mahindra rose Rs 71.65 to Rs 2921.05, MRF closed at Rs 2799.35 higher at Rs 1,31,550, Hero Motocorp rose Rs 84.05 to Rs 5583.45, Eicher Motors rose Rs 70.45 to Rs 4827.30, Tube Investments rose Rs 62.45 to Rs 4388.50, Tata Motors rose Rs 12.40 to Rs 1014.75, TVS Motor rose Rs 32.70 to Rs 2430. The BSE Auto index closed at 58706.42, up 1246.62 points.
Selective buying in banking-finance stocks: KEMS, ICICI Bank, VLS Fis.
Today there was selective buying in banking-finance stocks. ICICI Bank rose by Rs 13.65 to Rs 1248.20, State Bank rose by Rs 4.70 to Rs 860.95. While VLS Finance rose by Rs 28.35 to Rs 323.95, CAMS rose by Rs 226.10 to Rs 3987.90, Prudent Advisor rose by Rs 75.75 to Rs 2020.75, Union Bank rose by Rs 6.40 to Rs 139.75.
Market sentiment positive as funds, players buy small, mid cap stocks: 1960 stocks close positive
As funds rallied in many stocks, players again became active buyers in small, mid-cap stocks today. The market breadth again turned positive. Out of the total 4026 stocks traded on BSE, the number of gainers was 1960 and the number of losers was 1973.
Investors' wealth in shares rose by Rs 1.56 lakh crore to a new high of Rs 451.27 lakh crore.
Investors' wealth i.e. the total market capitalisation of BSE-listed companies today surged by Rs 1.56 lakh crore in a single day to a new record high of Rs 451.27 lakh crore, with funds, players again buying stocks heavily, leading to record gains in Sensex, Nifty based benchmarks.
FPIs/FIIs made net purchases of Rs. 314 crore in shares: DIIs made net purchases of Rs. 1416 crore in shares
Foreign Portfolio Investors – FPIs, FIIs made net purchases of shares worth Rs 314.46 crore in cash today on Tuesday. There were sales of Rs 14,222.61 crore against total purchases of Rs 14,537.07 crore. While DIIs-Domestic Institutional Investors made net purchases of Rs 1416.46 crore in cash today. There were sales of Rs 12,198.46 crore against total purchases of Rs 13,615.06 crore.