look news india
Mumbai: Amid rising geopolitical tensions after the Israel-Iran war, signs of the US slipping into recession, the bursting of the artificial intelligence (AI) bubble and fears of a coup in Bangladesh, Indian stock markets have lost $6.4 trillion in a single day. Investors lost Rs 15.22 lakh crore today after the worst recession in global markets after the US, selling pressure continued at high levels amid volatility. On the global front, the Nikkei 225 index rose 10.23 per cent or 3217.04 points after yesterday's historic 13 per cent fall in Japan's Tokyo Stock Market and European markets stopped fidgeting, while Dow Jones and Nasdaq futures in US stocks improved. The market and the market got index-based support
Japan's Nikkei bounces back: up 3217 points: Nifty's 327 point rally finally washed away
IT-software services stocks including Tech Mahindra, HCL Technology as well as Reliance, Larsen, JSW Steel, Hindustan Unilever, Mahindra & Mahindra among the highlights while auto stocks including State Bank of India, HDFC Bank along with Bharti Airtel, Titan, Sun Pharma and banking stocks including State Bank of India, HDFC Bank remained in the negative zone under selling pressure. Market remained in the negative zone at the end of a major two-way volatility in Sensex, Nifty. Sensex initially rose 1093.17 points to hit a high of 79852.08 before jumping 1355.51 points to hit a low of 78496.57 and finally closed at 78593.07, down 166.33 points Spot Nifty rose 327 points to hit 24382.60 in the opening session. It fell 422.20 points from its high to 23960.40 and finally closed at 23992.55, down 63.05 points from its previous close.
State Bank drops Rs 14 to Rs 797: HDFC Bank, LIC Housing, Repco Home fall
Selling was seen in banking-financial services stocks today. State Bank of India fell by Rs 13.35 to Rs 797.75, Yes Bank fell by 28 paise to Rs 23.26, HDFC Bank fell by Rs 14.15 to Rs 1601, IndusInd Bank fell by Rs 9.75 to Rs 1379. BSE Bankex index closed down by 433.22 points at 56508.25. LIC Housing Finance fell by Rs 33.50 to Rs 652.50, Repco Home fell by Rs 24.65 to Rs 466.35, HDFC Life fell by Rs 30.85 to Rs 679.90, Motilal Oswal fell by Rs 24.80 to Rs 590.30, Power Finance fell by Rs 21.15 to Rs 476.45, Indian Bank fell by Rs 22.05 to Rs 558.10.
Mahindra falls Rs 47 to Rs 2631: Bajaj Auto, Apollo Tyres, MRF fall: Bosch, Cummins rise
Automobile company stocks witnessed overall fund selling today. Mahindra & Mahindra fell Rs 47.50 to Rs 2631.30, Apollo Tyres fell Rs 5.50 to Rs 516.55, Bajaj Auto fell Rs 75.25 to Rs 9412, MRF fell Rs 1038.50 to Rs 1,35,300. TVS Motor fell Rs 18.75 to Rs 2474.45, Maruti Suzuki fell Rs 74 to Rs 12,126.25. While Tube Investments rose Rs 41.10 to Rs 4009.25, Bosch rose Rs 283.65 to Rs 32,630.10, Cummins India rose Rs 22.35 to Rs 3520. BSE Auto index closed 312.86 points down at 55543.65.
Among consumer stocks, Blue Star down by Rs 52: Sell in CG Consumer, Titan: Voltas strong
Funds of consumer durables companies were also selling today. Blue Star fell Rs 51.60 to Rs 1585.50, CG Consumer fell Rs 10.70 to Rs 416.65, VIP Industries fell Rs 5.40 to Rs 444.30, Titan Company fell Rs 24.30 to Rs 3349.90, Dixon Technology fell Rs 35.75 to Rs 11,107. While Voltas rose Rs 13.05 to Rs 1465, Whirlpool of India was at Rs 2031.70. BSE Consumer Durables Index fell 538.12 points to close at 57807.92.
Selling in oil marketing stocks: IOC, BPCL, HPCL down: Reliance up
Oil-gas stocks witnessed selling by funds in oil-marketing, refinery PSU stocks today. International crude oil prices were slightly stronger in the evening, with Brent trading at $76.37 and New York-NYMEX crude at near $73.08. IOC share fell Rs 3.75 to Rs 166.90, BPCL share fell Rs 7.40 to Rs 334.50, ONGC share fell Rs 3.95 to Rs 306.20 after quarterly profit fell 15 per cent, HPCL share fell Rs 45 to Rs 386.10 while Reliance Industries rose Rs 17.10 to Rs 2911.80, Indraprastha Gas rose Rs 11.95 to Rs 539.85, Adani Total Gas rose Rs 9.70 to Rs 867.80.
Low valuations in IT stocks: Sonata Software, Datamatics, Tech Mahindra, HCL attractive
IT – Software Services, Technology stocks saw funds' valuations come lower today after yesterday's rout. Sonata Software rose Rs 21.25 to Rs 648.45, Datamatics rose Rs 16.25 to Rs 565.30, Tech Mahindra rose Rs 26.90 to Rs 1483.15, HCL Technologies rose Rs 20.10 to Rs 1582.30, Wipro rose Rs 4.25 to Rs 489.45, Mastek rose Rs 36.05 to Rs 2886.70, LTI Mindtree rose Rs 71 to Rs 5459.60, Zensar Technologies rose Rs 6.80 to Rs 734.85.
The asset-market capitalisation of investors in shares fell by Rs 2.25 lakh crore to Rs 439.59 lakh crore.
With Sensex, Nifty witnessing extraordinary volatility as well as softening due to persistent selling pressure by funds in small, mid cap stocks, investor wealth i.e. total market capitalisation of BSE listed companies also fell by Rs 2.25 lakh crore to Rs 439.59 lakh crore today.
Net Sale of Shares by FPIs/FIIs Rs.3531 crore: Net Purchase by DIIs Rs.3357 crore
Foreign Portfolio Investors – FPIs, FIIs made a net sale of shares worth Rs 3521.24 crore in cash today on Tuesday. Total sales of Rs 17,920.61 crore were made against purchase of Rs 14,389.37 crore. While DII-Domestic Institutional Investors made a net purchase of Rs 3357.45 crore in cash today. Total sales of Rs 11,065.33 crore were made against purchase of Rs 14,422.78 crore.
