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Mumbai: With mixed trends in global markets, overall stability was seen in Indian stock markets today after two-way fluctuations based on Sensex, Nifty. While funds, players, high net worth investors again created a storm of aggressive rally in small cap stocks today. Along with this, IT-software services stocks remained bullish today amid reports of the threat of recession in the US economy being reduced for the time being and the rise in Nasdaq. At the same time, funds also made big purchases in the shares of metal-mining, consumer durables, oil-gas, healthcare-pharmaceuticals companies. Amid the Finance Minister's meeting with PSU bankers, select PSU bank stocks were buying. Sensex fell between 80332 and 80725 and closed 12.16 points lower at 80424.68. While the Nifty 50 spot fluctuated between 24523 and 24639, it closed at 24572.65 with gains of 31.50 points led by Hindalco, LTI Mindtree, BPCL, Shriram Finance, Tata Steel.
Hindalco rises by Rs 25 to Rs 659: Vedanta, Jindal Stainless rise: Metal index rises by 703 points
Among metal-mining stocks, the BSE Metal index closed 702.40 points higher at 31540.76 as funds resumed selective aggressive buying today. The domestic steel industry was expected to gain amid reports that the government is considering measures including dumping duty to curb cheap steel imports from China and rising Chinese dumping from Vietnam. Hindalco group company Novalis rose Rs 24.60 to Rs 658.80 on IPO preparations. Vedanta rose Rs 13.60 to Rs 442.55, Jindal Stainless rose Rs 20.95 to Rs 722.60, Tata Steel rose Rs 4.40 to Rs 153.95, SAIL rose Rs 3.20 to Rs 131.40, Rs 21.05 to Rs 954.85, Coal India rose Rs 9.20 to Rs 521.40.
Voltas up by Rs 74 to Rs 1,608: Dixon up by Rs 412 to Rs 12,784: CG Consu, VIP up
Selective aggressive buying was again witnessed by funds in consumer durables stocks today. Voltas rose by Rs 74.25 to Rs 1608.35, Dixon Technology rose by Rs 412.50 to Rs 12,783.95, CG Consumer rose by Rs 12.70 to Rs 453.45, VIP Industries rose by Rs 12.25 to Rs 450.55, Blue Star rose by Rs 20.75 to Rs 1731, Titan Company rose by Rs 23.20 to Rs 3467.55. BSE Consumer Durables index rose by 788.92 points to close at 61455.59.
BPCL up by Rs 11 to Rs 344: HPCL, GAIL up: Reliance up by Rs 21 to Rs 2977
Oil-gas stocks were also fund raisers today. In the evening, Brent crude was at $79.20 and New York-NYMEX crude was at $76.16. BPCL rose Rs 11 to Rs 343.55, GAIL India rose Rs 6.30 to Rs 238.80, HPCL rose Rs 8.60 to Rs 388, IOC rose Rs 2.95 to Rs 170.05, Oil India rose Rs 11.45 to Rs 689.45, ONGC rose Rs 5.50 to Rs 335.10, Reliance Industries rose Rs 21.05 to Rs 2977.20. The BSE Oil-Gas Index rose 561.33 points to close at 32447.52.
D-Link rises Rs 46 to Rs 589: Exikeeds, Kelton, Netweb, Orionpro, Ramco gain.
Funds continued to buy IT-software services, technology stocks today. D-Link India rose Rs 46.20 to Rs 588.90, Axiscades Technology rose Rs 28.75 to Rs 540.20, Kelton Technology rose Rs 8.15 to Rs 161.85, Netweb rose Rs 116.25 to Rs 2428.65, Orionpro climbed Rs 87.20 to Rs 1831.55, Ramco Systems rose Rs 18.25 to Rs 412.05, Intellect Design rose Rs 40.80 to Rs 994.15, LIT Mindtree rose Rs 107.75 to Rs 5669.10. BSE IT index closed 351.13 points higher at 41900.25.
Caplin Labs up by Rs 257 to Rs 1843 : Morpan Labs up by Rs 9 to Rs 70 : Coperan, Panacea rise
Funds were also buying heavily in stocks of healthcare-pharmaceuticals companies today. Shares of Caplin Labs rose Rs 256.95 to Rs 1,842.70, Morpen Labs rose Rs 9.12 to Rs 69.97, Tarsan Products shares rose up to Rs 48.80 after Brazilian regulator completed inspection of Chennai facility, Kopran shares rose up to Rs 472.31.05 to Rs 306, Panacea Biotec rose Rs 16.65 to Rs 181, Advance Enzymes rose Rs 39.70 to Rs 468.40, Poly Medicure rose Rs 167.55 to Rs 2120, Wockhardt rose Rs 46.85 to Rs 984.65.
Auto index down 493 points on profit booking in auto stocks: Mahindra, Tube, Bajaj Auto fall
Profit booking was witnessed in the shares of automobile companies today. BSE Auto index closed down 492.74 points at 57330.32. Mahindra & Mahindra fell Rs 75.20 to Rs 2765.40, Tube Investments fell Rs 52.50 to Rs 3952.45, Bajaj Auto fell Rs 109.45 to Rs 9778.20, Tata Motors fell Rs 10.95 to Rs 1087.85. MRF fell Rs 1128 to Rs 1,34,908.20, Maruti Suzuki fell Rs 73.70 to Rs 12,141.
Funds, players ride bullish wave in small cap stocks: Market breadth positive: 2715 stocks close positive
On the first day of the week, the market sentiment was positive, small cap stocks saw aggressive rally, mid cap, cash stocks also gained. Out of the total 4165 stocks traded on BSE, the number of gainers was 2715 and the number of losers was 1325. The BSE Small Cap Index rose 716.39 points to close at 54573.48 and the BSE Mid Cap Index rose 251.56 points to close at 47645.49.
Net sale of shares by FPIs/FIIs Rs 2667 crore: Net purchase by DIIs Rs 1803 crore
Foreign Portfolio Investors – FPIs, FIIs made a net sale of shares worth Rs 2667.46 crore in cash today on Monday. A total of Rs 14,751.76 crore was sold against a total purchase of Rs 12,084.30 crore. While DIIs-Domestic Institutional Investors made a net purchase of Rs 1802.92 crore in cash today. A total of Rs 9335.25 crore was sold against a total purchase of Rs 11,138.17 crore.
Investors' wealth in stock-market cap increased by Rs 2.80 lakh crore to Rs 454.39 lakh crore
Investor wealth i.e. the total market capitalisation of BSE-listed companies also rose by Rs 2.80 lakh crore to Rs 454.39 lakh crore, led by big gains in small-cap and A group stocks, as funds showed overall stability at the end of Sensex, Nifty-based index witnessed narrow volatility.
