look news india
Mumbai: Sensex, Nifty-based funds continued their record rally today on the back of good progress of monsoon as well as corporate results. Of course, the rally intensity saw a decline today and many stocks softened due to selling by cautious funds, high net worth investors, operators. As the Union Budget is to be presented on July 23 and there is speculation about the possibility of a negative development in terms of capital gains tax this time, caution saw overbought conditions decline. In an early bullish session, Sensex hit a new all-time high of 80898.30 and closed at a new high of 80716.55, up 51.69 points on the back of a good quarter by Bajaj Auto along with attraction in FMCG, IT frontline stocks. While the Nifty 50 spot hit a new record high of 24661.25 and finally closed at a new high of 24613, up 26.30 points. The stock markets will remain closed on Wednesday, July 17 on the occasion of Muharram.
Investors' asset market capitalisation rose by Rs 18 thousand crore to a new peak of Rs 455.24 lakh crore.
Today, the Sensex, Nifty stocks based on record gains, the investors' wealth i.e. the total market capitalization of the companies listed on BSE increased by Rs 18 thousand crore in a single day to a new record high of Rs 455.24 lakh crore.
Bajaj Auto profit rises 18%, shares rise: MRF, Apollo Tyres, Mahindra attract
Among automobile companies, Bajaj Auto reported quarterly net profit risen 18 per cent to Rs 1,941.79 crore and the stock rose Rs 20.75 to Rs 9,696.25. Among other auto stocks, Apollo Tyres rose Rs 10.50 to Rs 550.25, MRF rose Rs 1446.65 to Rs 1,32,660, Mahindra & Mahindra rose Rs 25.80 to Rs 2755.95, Eicher Motors rose Rs 2.55 to Rs 27.55, Mahindra Motors rose Rs 37.60 to Rs 4918, TI India rose Rs 20.75 to Rs 4100.65. BSE Auto index closed 102.61 points higher at 57,765.19.
Among IT stocks, Zeegle rose Rs 17 to Rs 326; Quick Hill, Ramco Systems, Oracle, Infosys gained.
Funds continued to buy broadly in IT-software services, technology stocks today. Zeggle Prepaid rose Rs 17.05 to Rs 326.45, Quick Hill rose Rs 24 to Rs 551, Ramco Systems rose Rs 16.45 to Rs 379, Netweb rose Rs 82.50 to Rs 2484, Mphasis rose Rs 55.50 to Rs 2792.30, LTI Mindtree rose Rs 89.15 to Rs 5567.15, Oracle Finserv rose Rs 159.40 to Rs 11,084.95, Tech Mahindra rose Rs 16.95 to Rs 1515.80, Infosys rose Rs 18.60 to Rs 1725.80. BSE IT index closed 221.63 points higher at 39971.94.
The progress of monsoon boosted FMCG stocks like Dodla Dairy, Vadilal, Sukhjit Starch, Hind. Heart is in a good shape
Funds were selective buyers in FMCG stocks today due to the positive factor of good progress of monsoon across the country. Dodla Dairy rose Rs 70.15 to Rs 1217.10, Vadilal Industries rose Rs 216.75 to Rs 4432, Sukhjit Starch rose Rs 15.90 to Rs 480.15, DCM Shriram rose Rs 6.80 to Rs 225.60, Balrampur Chinese sold Rs 7.25 to Rs 451, Hindustan Unilever rose Rs 70.75 to Rs 2689.65. BSE FMCG index closed 194.37 points higher at 21944.61.
Realty stocks rise: Shobha Developers rises Rs 70 to Rs 1958: Prestige, Godrej Properties strong
Funds were buying select realty stocks in anticipation of increased demand for properties in the real estate sector as the monsoon continues to improve in the coming days. The BSE Realty index closed 140.61 points higher at 8796.86. Shobha Developers rose by Rs 69.80 to Rs 1958, Prestige Estate rose by Rs 51.85 to Rs 1807.60, Godrej Properties rose by Rs 81.35 to Rs 3381.75, Phoenix Mill rose by Rs 78 to Rs 4070, Brigade Enterprises rose by Rs 22.85 to Rs 1284.05, DLF rose by Rs 10.70 to Rs 843.80, Oberoi Realty rose by Rs 13.55 to Rs 1728.95.
In capital goods stocks, Hindustan Aeronautics fell by Rs 175, Siemens by Rs 165, Thermax by Rs 86
Funds reduced overbought positions in capital goods stocks. Hindustan Aeronautics fell Rs 174.75 to Rs 5328.75, Siemens fell Rs 165.60 to Rs 7471.90, Thermax fell Rs 85.90 to Rs 5080, BHEL fell Rs 5.35 to Rs 319.95, Bharat Electronics fell Rs 4.90 to Rs 326.35, Larsen & Toubro fell Rs 13.90 to Rs 3636.55, Teamcan fell Rs 11.50 to Rs 3925.85.
Net purchase of shares by FPIs/FIIs Rs. 1271 crore: Net sale by DIIs Rs. 529 crore
Foreign Portfolio Investors – FPIs, FIIs made net purchases of shares worth Rs 1271.45 crore in cash today on Tuesday. There were net sales of Rs 14,482.47 crore against total purchases of Rs 14,857.07 crore. While DIIs-Domestic Institutional Investors made net sales of Rs 529.48 crore in cash today. There were net sales of Rs 15,465.34 crore against total purchases of Rs 14,935.86 crore.