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Mumbai: Selling was witnessed in global markets as well as Indian stock markets today due to uncertainty resulting from renewed geopolitical tensions over Syria. The surge was overshadowed by profit-taking as funds moved away from new big purchases. Funds bought IT-software services, technology stocks as well as metal-mining, realty stocks offset selling in capital goods companies. Along with this, selective attraction remained in small and midcap stocks. In a two-way collision, Sensex ranged between 81727 and 81182 and closed at 81510.05, up 1.59 points. While Nifty spot fell between 24678 and 24510 and finally fell 8.95 points to close at 24610.05.
Intel, up Rs 63: Sasken up Rs 118, Signity up Rs 101, MapMy India down Rs 93
Fund selection in IT-Software Services Technology stocks were on the rise today despite fall in the rupee against the US dollar. Of course, selling was also seen in many stocks. Intel rose by Rs 59.50 to Rs 852, 63 Moons rose by Rs 41.65 to Rs 874.95, Zegal rose by Rs 27.20 to Rs 577.20, Ramco Systems rose by Rs 22.30 to Rs 518, Infobin rose by Rs 16.80 to Rs 457.65, Cient rose by Rs 59.30. LTIMindTree rose by Rs 2061.25, LTIMindTree rose by Rs 186.45 to Rs 6570.25, Mphasis rose by Rs 80.55 to Rs 3183.60. While Sasken fell by Rs 117.80 to Rs 2117.05, Cignity fell by Rs 100.85 to Rs 1816.45, MapMy India fell by Rs 92.95 to Rs 1817, McLeod fell by Rs 3.57 to Rs 74, Oracle Finserv fell by Rs 95 to Rs 335.85. Came to Rs 12,242.05. Tanla fell by Rs 13.35 to Rs 723.40.
Metal stocks rise on China’s stimulus: Jindal Steel rises by Rs 31
Metal-mining stocks were rising as a result of China’s stimulus measures. Jindal Steel rose by Rs 31.05 to Rs 997.60, NMDC rose by Rs 2.40 to Rs 243.95, Vedanta rose by Rs 3.15 to Rs 500.15, APL Apollo rose by Rs 6.45 to Rs 1622.25. BSE Metal Index closed 132.12 points higher at 31977.22.
RVNL falls Rs 12 to Rs 458: Sona BLW, Carborundum Universal, TeamCan fall.
Today, due to profit booking in capital goods shares, BSE Capital Goods Index closed 255.55 points down at 73346.25. RVNL fell by Rs 11.80 to Rs 458.60, Sona BLW Precision fell by Rs 14.25 to Rs 645.40, Carborundum Universal fell by Rs 23.35 to Rs 1343.70, TeamCan fell by Rs 40.20 to Rs.3314, Finolex Cable fell by Rs 14.70 Came to Rs 1309.50. LG Equipment declined by Rs 4.60 to Rs 620.30, Larsen & Toubro declined by Rs 26.40 to Rs 3921.40.
Funds rise in banking stocks: State Bank, ICICI Bank, Nuvama gain traction
Funds are making selective purchases of banking stocks today in view of the selection of Sanjay Malhotra as the new Governor of the Reserve Bank of India and the possibility of further cuts in interest rates. The price of State Bank of India increased by Rs 9.75 to Rs 867.60, the price of Canara Bank increased by Rs 109.75, the price of ICICI Bank increased by Rs 7.60 to Rs 1330.35, the price of Kotak Mahindra Bank increased by Rs 9.25 to Rs 1795.50. Among financial services stocks, Utkarsh Bank rose by Rs 2.36 to Rs 38.52, Nuvama rose by Rs 417.65 to Rs 7361.85, Chawla Fin rose by Rs 54.55 to Rs 1336.75, Pilani Invest rose by Rs 248 to Rs 15 at Rs 6203, IIFL’s cap rose by Rs 14.60. Was Rs 367.05.
Realty stocks rise: Phoenix, Mahindra Life, Godrej Properties, Lodha Developers rise
Selected funds were buying shares of realty companies today. Phoenix Mills rose by Rs 68.35 to Rs 1862.30, Mahindra Life rose by Rs 11.05 to Rs 516.45, Godrej Properties rose by Rs 54.55 to Rs 2896.45, Lodha Developers rose by Rs 25.60 to Rs 1400.95, DLF rose by Rs 1400.95. Rs 5.40 868.20, Prestige increased by Rs 9.85 to Rs 1749.10.
Greaves Cotton rises Rs 39 to Rs 252: Greenpanel, Raymond, Bajaj Consumer, Veroc, Rolex rise
Among the group’s favorite gainers today, Greaves Cotton rose by Rs 38.70 to Rs 252.10, Greenpanel rose by Rs 46.10 to Rs 395.10, Raymond by Rs 186.35 to Rs 1798.65, Veroc by Rs 50.30 to Rs. .585.40, Rolex rose by Rs 164.75 to Rs 2156.35, Laopala rose by Rs 27.75 to Rs 366.05, GHCL rose by Rs 43.85 to Rs 717.55, CSB Bank rose by Rs 19.50 to Rs 325.85, JBM Auto rose by Rs 120.75 to Rs 1739.10. Rupees, Rosary increased by Rs 55.75, it was Rs 875.85.
Seat Rs 183. Collapsed Rs 3221: MTNL, VIP, Shoppers Stop, Just Dial, tips reduced
Among major A group stocks, SEAT fell by Rs 183 to Rs 3221.45, MTNL fell by Rs 2.94 to Rs 55.19, VIP Industries fell by Rs 24.40 to Rs 481.90, Just Dial fell by Rs 51.80. Shoppers Stop fell by Rs 26.05 to Rs 1088.80, 614.45, Relaxo fell by Rs 26.40 to Rs 654.60, JK Paper fell by Rs 18.45 to Rs 465.70, DCW fell by Rs 3.81 to Rs 101.14, Tega fell by Rs 57.40 to Rs 1553.60, Tips Music reduced by Rs 30.45 to Rs 816.70.
FPIs/FIIs made net purchases of Rs 1286 crore in cash: DIIs made net purchases of Rs 606 crore
Foreign portfolio investors – FPIs, FIIs made net purchases of shares worth Rs 1285.96 crore in cash today on Tuesday. There were total sales of Rs 18,651.02 crore against total purchases of Rs 19,936.98 crore. While DII-Domestic Institutional Investors made net purchases of Rs 605.79 crore in cash today. There were sales of Rs 10,658.94 crore against total purchases of Rs 11,264.73 crore.
Selling in many stocks despite rally in small, midcap stocks: 2010 stocks close negative
Sensex, Nifty based sideways movement ended volatility and buying attracted interest in small, mid cap, A group stocks today. Of course, the market sentiment turned negative due to profit-booking in many stocks. Out of the total 4093 shares traded on BSE, the number of gainers were 1963 and the number of decliners was 2010.