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Mumbai: Sensex, Nifty based stocks ended marginally soft again today after a volatile session. Volatility eased a bit towards the end of the day as funds cautiously reduced overbought positions despite better than expected opening of TCS corporate results due to good progress of monsoon and heavy rain concerns. However, funds again made broad purchases in small, midcap stocks today. Along with this, selective buying remained in oil-gas, consumer durables, metal-mining, capital goods, banking stocks. Funds booked profits in automobile stocks as international crude oil prices rose on reports of OPEC continuing to cut production. Sensex tumbled between 80,170 and 79,464 to close 27.43 points down at 79,897.34. While Nifty 50 spot tumbled between 24403 and 24193 and finally closed 8.50 points down at 24315.95.
Oil India up by Rs 39 to Rs 551: HPCL up by Rs 15 to Rs 350: ONGC, Petronet rise
International crude oil prices rose to $85.45 for Brent crude and $82.40 for New York crude due to expectations of production cut by OPEC countries and maintaining demand, while oil-gas stocks remained attractive for funds. Oil India rose Rs 38.70 to Rs 551.45, HPCL rose Rs 14.60 to Rs 350, Petronet LNG rose Rs 9.20 to Rs 341.70, ONGC rose Rs 6.75 to Rs 304, BPCL rose Rs 6.25 to Rs 306.60, Indian Oil Corporation rose Rs 2.55 to Rs 174.50. The BSE oil-gas index closed 512.55 points higher at 30972.90.
Engineers India PSU stocks surge from Rs 28 to Rs 290: Mazagon Dock, MRPL gain
Funds continued to make selective aggressive buying in PSU stocks today. Engineers India rose Rs 28 to Rs 290.25, Oil India rose Rs 38.70 to Rs 551.45, Mazagon Dock rose Rs 383.70 to Rs 5739.10, MRPL rose Rs 12.70 to Rs 241.95, BEML rose Rs 255.95 to Rs 5126, Cochin Shipyard rose Rs 136.35 to Rs 2863.95, NHPC rose Rs 5.30 to Rs 114.05, SJVN rose Rs 7.05 to Rs 149.90.
Blue Star rises by Rs 38 to Rs 1749: Voltas, Dixon rise: Consumer index rises by 460
Funds continued to make selective purchases in consumer durables stocks today. Blue Star rose Rs 38.35 to Rs 1748.95, Voltas rose Rs 31.75 to Rs 1516, Dixon Technology rose Rs 202.20 to Rs 12,613.85, Titan Company rose Rs 27.05 to Rs .3251, CG Consumer rose Rs 1.75 to Rs 424.75.
Tube Invest down Rs 280, Mahindra down Rs 33, Cummins down Rs 47: Tata Motors up Rs 15 to Rs 1021
In automobile stocks today, funds sold some stocks on the rise and took profit booking. Tube Investments fell Rs 280.50 to Rs 4244.25, Mahindra & Mahindra fell Rs 33.80 to Rs 2698.30, Cummins India fell Rs 46.65 to Rs 3986, Bajaj Auto fell Rs 68.65 to Rs 9472.20, MRF fell Rs 740.95 to Rs 1,30,056, Maruti Suzuki fell Rs 47.65 to Rs 12,726.50. While Tata Motors rose Rs 15.30 to Rs 1020.75, TVS Motor rose Rs 33.30 to Rs 2471.05, Bosch rose Rs 106.55 to Rs 35,510.05.
Selective gains in banking stocks: Yes Bank, Federal Bank, State Bank, Paisalo, Rane Holding, Religare attract
Select funds were buying banking-financial services stocks today. Yes Bank share rose 86 paise to Rs 25.83 amid speculations of State Bank selling its stake. State Bank of India rose Rs 7.45 to Rs 856.55, Federal Bank rose Rs 4.85 to Rs 193.40, IndusInd Bank rose Rs 7.30 to Rs 1432.60, Kotak Bank rose Rs 7.50 to Rs 1838.65. While Paisalo rose Rs 6.53 to Rs 79.50, Rane Holding rose Rs 94.90 to Rs 1800, Religare rose Rs 13.25 to Rs 251.50, Geojit Fin rose Rs 4.90 to Rs 105.55. Policybazaar rose by Rs 51.80 to Rs 1471.40, HUDCO rose by Rs 12 to Rs 342.10, IIFL rose by Rs 16.95 to Rs 500.
Shipping Corp up Rs 55 to Rs 330: Gujarat Pipavav Port, Sequent, GE Shipping up
Top stocks of the group today gained Rs 55.05 to Rs 330.30, on reports of preparation for disinvestment in Shipping Corporation of India, in expectations of announcement of maritime development fund for shipbuilding in the Budget, Gujarat Pipavav Port rose Rs 14.55 to Rs 140.05, GE Shipping rose Rs 93.90 to Rs 1455.65, Hindustan Oil Exploration rose Rs 13.50 to Rs 224.70, and Hindustan Oil Exploration rose Rs 192.35 to Rs 3394.10.
Market breadth is positive as small, mid-cap stocks regain momentum: 2172 stocks closed negative
Market sentiment remained positive today with broad based buying in small, mid-cap, cash stocks against the late softening in Sensex, Nifty based volatility. Out of total 4023 stocks traded on BSE, number of gainers increased from 1363 to 2172 and number of losers increased from 2576 to 1739.
The asset-market capitalisation of investors in shares increased by Rs 1.15 lakh crore to Rs 451.20 lakh crore.
The rally in Sensex, Nifty based stocks remained subdued while investors bought several small, mid cap, A group stocks i.e. the total market capitalisation of BSE listed companies rose by Rs 1.15 lakh crore to Rs 451.20 lakh crore in a day.
FPIs/FIIs net selling in cash Rs 1137 crore: DIIs net buying Rs 1676 crore
Foreign Portfolio Investors – FPIs, FIIs net sold shares worth Rs 1137.01 crore in cash today on Thursday. Total sales of Rs 16,496.95 crore were made against purchase of Rs 15,359.94 crore. While DIIs-Domestic Institutional Investors net bought shares worth Rs 1676.47 crore in cash today. Total sales of Rs 14,158.83 crore were made against purchase of Rs 15,835.30 crore.
