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Mumbai: In the global markets, yesterday's rise in the US markets could not be sustained and along with weakness in the markets of Asia and Europe, the Reserve Bank in India did not change the repo rate and also maintained the inflation, GDP growth forecast. A round of profit booking was seen in the Indian stock markets today. After two-way fluctuations in the market at the beginning of today, the market fell in the last hour due to heavy selling in fund IT-software services, technology stocks, metal-mining, oil-gas, capital goods, consumer durables. To ease the bullish trade in auto stocks. Reserve Bank of India Governor Shaktikanta Das said that there is no hurry to reduce the interest rate and also the fact that there will be no immediate relief, local funds negatively affected the market sentiment Stocks, while foreign portfolio investors continued to increase the shares and sold them profitably. Sensex closed 581.79 points down at 78886.22 and Nifty 50 closed 180.50 points down at 24117.
Reliance Industries down Rs 34 to Rs 2895: Asian Paints down Rs 100 to Rs 3000
Among the top performing stocks of Sensex today, Reliance Industries fell by Rs 33.70 to Rs 2895.50, while Asian Paints fell by Rs 99.60 to Rs 3000.95, Power Grid Corporation fell by Rs 9.65 to Rs 342.45, Larsen & Toubro fell by Rs 92.30 to Rs 3552.70, UltraTech Cement fell by Rs 292.50 to Rs 11,253.70, NTPC fell by Rs 8.95 to Rs 407.40.
Profit booking again in IT stocks: Infosys falls Rs 51 to Rs 1741: HCL Techno, TCS fall
The BSE IT index dropped 726.14 points to close at 39222.31 as funds again booked profits in IT-software services, technology stocks today. Infosys closed down by Rs 50.90 to Rs 1741.10, HCL Technologies fell by Rs 37.10 to Rs 1558.10, TCS fell by Rs 29.90 to Rs 4170.90, LTI Mindtree fell by Rs 226.05 to Rs 5338.90, Sonata Software closed down by Rs 22.10 to Rs 617.95, 63 Moons Technology fell by Rs 12.45 to Rs 352.35, Mphasis fell by Rs 81.80 to Rs 2645.40, Wipro fell by Rs 10.45 to Rs 487.05, Coforge fell by Rs 168.95 to Rs 5850.
Market breadth turns negative again: Funds sell small, mid-cap stocks: 2,083 stocks close negative
The market breadth turned negative again due to profit selling in small, mid cap, cash stocks. Out of total 4014 stocks traded on BSE, number of losers were 2083 and number of gainers were 1829.
Metal-mining stocks trade easy on the upside: SAIL, Jindal Steel, NMDC, Vedanta fall
Metal-mining stocks again lost their momentum, funds cut bullish trade lower today. SAIL fell Rs 4.20 to Rs 137.50, Jindal Steel fell Rs 26.70 to Rs 919.15, NMDC fell Rs 5.90 to Rs 223, Vedanta fell Rs 10.15 to Rs 422.35, JSW Steel came down Rs 20.85 to Rs 886.40, Hindalco fell Rs 10.80 to Rs 614, Jindal Stainless fell Rs 12 to Rs 665.90, Coal India fell Rs 8.60 to Rs 523, Tata Steel fell Rs 15.3.35 to Rs 150.50. BSE Metal index closed 632.89 points down at 30768.13.
Rail Vikas Rs. 27 Gabadi Rs. 538 : Carborundum, Larsen, BHEL Down : Suzlon, Bharat Forge Up
Today, the BSE Capital Goods index closed 640.37 points lower at 71548.05 due to overall profit-booking in capital goods stocks. Rail Vikas Nigam fell Rs 27.50 to Rs 538.35, Carborundum Universal fell Rs 63.65 to Rs 1544, Larsen & Toubro fell Rs 92.30 to Rs 3552.70, BHEL fell Rs 6.75 to Rs 297.85, Grindwell Northern fell Rs 41.55 to Rs 2390.15, Hindustan Aeronautics fell Rs 73.95 to Rs 4667.65. While Suzlon NG rose by Rs 3.38 to Rs 72.95, Bharat Forge rose by Rs 46.70 to Rs 1605.15, Teamcan rose by Rs 112.15 to Rs 4179.90, AIA Engineering rose by Rs 50 to Rs 4593.
Selective buying in healthcare stocks: RPG rises Rs 239 to Rs 2187: Neuland, Wockhardt, Alkem gain
Select funds were buying shares of healthcare-pharmaceuticals companies today. RPG Life rose by Rs 239.20 to Rs 2186.65, Newland Lab rose by Rs 377.95 to Rs 11,667.05, Kovai Medical rose by Rs 188.15 to Rs 3798.75, Wockhardt rose by Rs 35.80 to Rs 926, Alkem Lab rose by Rs 198.80 to Rs 5714.50, Piramal Pharma rose by Rs 5.45 to Rs 184.90, Lupin rose by Rs 58.55 to Rs 2051.25.
Tata Motors gets Moody's upgrade, shares rise: HDFC, Bharti Airtel, ITC attracted
Tata Motors rating was upgraded by Moody's from BA3 to BA1 and this upgrade was driven by financial developments and positive outlook, the stock rose by Rs 16.10 to Rs 1041.35. HDFC Bank rose by Rs 17.20 to Rs 1642.10, Bharti Airtel rose by Rs 9.95 to Rs 1451.65, ITC rose by Rs 1.55 to Rs 494.05.
Net sale of shares by FPIs/FIIs Rs 2627 crore: Net purchase by DIIs Rs 577 crore
Foreign Portfolio Investors – FPIs, FIIs net sold shares worth Rs 2626.73 crore in cash today on Thursday. Total sales of Rs 18,117.40 crore were made against total purchases of Rs 15,490.67 crore. While DIIs-Domestic Institutional Investors net bought shares worth Rs 577.30 crore in cash today. Total sales of Rs 11,161.34 crore were made against total purchases of Rs 11,738.64 crore.
Investors' wealth in stock-market cap declined by Rs 2.82 lakh crore to Rs 445.75 lakh crore
Investors' wealth, or the total market capitalisation of BSE-listed companies, fell by Rs 2.82 lakh crore to Rs 445.75 lakh crore today as stock prices fell again due to broad-based profit-selling.