look news india
Mumbai: The current Biden government has allowed Ukraine to use US weapons against Russia, contrary to expectations that geopolitical tensions will ease after Trump’s victory in the US, and with the stagflation situation becoming alarming domestically, The weak performance of corporate India has indicated this. The war curve between Russia and Ukraine continued a big selloff in stocks today. The Nifty-based index, Sensex, showed a half-hearted recovery from the fall after wiping out big early gains, but funds and operators sold shares in many stocks. Especially today, in intra-day, due to selling by funds in IT-software services, technology stocks and oil-gas stocks, Sensex fell by 615.25 points to 76965.06 points. It closed down by 241.30 points at 77339.01. While the Nifty 50 spot lost 182.30 points at one point and touched a low of 23350.40, it again fell into the positive zone and finally fell 78.90 points to close at 23453.80.
IT index fell 984 points: Oracle fell by Rs 513, Newgen fell by Rs 190, Xiscends fell by Rs 26.
There were big differences in IT-software services, technology stocks today. Maharathi funds took a big hit today as they managed a huge bullish trade. BSE IT index fell 984.47 points to close at 41094.38. Newgen fell by Rs 190.45 to Rs 1043.35, Axiscades fell by Rs 26.45 to Rs 482.90, Oracle Finserv fell by Rs 513.50 to Rs 11,247.95, TCS fell by Rs 126.65 to Rs 4019.50 Technology fell by Rs 40.55 Came at Rs 1331.90. Mface fell by Rs 83.05 to Rs 2759, Infosys fell by Rs 52.60 to Rs 1811.40, LTI Mindtree fell by Rs 159.55 to Rs 5833.65, Datamatics fell by Rs 13.45 to Rs 520.70, Rategain fell by Rs. 17.60 to Rs.697.45, KPIT fell by Rs.29.85 to Rs.1326.70.
Covering in metal stocks: Hindalco up by Rs 24 at Rs 651: Vedanta, Tata Steel, NMDC rise
Funds reduced short covering in metal-mining stocks today. The stimulus in China may not be enough and this led to Morgan Stanley, Goldman Sachs downgrading Chinese stocks today along with funds buying domestic stocks. Hindalco rose by Rs 24 to Rs 651.15, Vedanta rose by Rs 13.65 to Rs 447.15, Tata Steel rose by Rs 3.30 to Rs 141.30, NMDC rose by Rs 3.90 to Rs 222.75, JSW Steel rose by Rs 10.20 to Rs 949.05. Jindal Steel rose by Rs 8.95 to Rs 886, Coal India rose by Rs 3.75 to Rs 413.50. BSE Metal Index closed 630.66 points higher at 30059.45.
Hero MotoCorp rises by Rs 126 to Rs 4730: Mahindra & Mahindra, Ashok Leyland, Cummins, Maruti benefit
Selective buying was also seen in shares of automobile companies today with less short covering. Hero MotoCorp rose by Rs 126.40 to Rs 4730.70, Mahindra & Mahindra rose by Rs 38.35 to Rs 2847.05, Ashok Leyland rose by Rs 2.65 to Rs 220.30, Cummins India rose by Rs 30.25 to Rs 3358.70. Maruti Suzuki rose by Rs 90.45 to Rs 11,098, Tube Investments rose by Rs 28.05 to Rs 3472.05, Bajaj Auto rose by Rs 44.75 to Rs 9534.50, MRF rose by Rs 116.95 to Rs 1,20,779.50. , BSE Auto Index closed 299.27 points higher at 52050.65.
20% off in Honasa: Tasty Bat Rs 1128, ATFL Break Rs 70: Hind. Lever, Nestle developed
There was a difference in FMCG shares today due to selective buying in frontline shares. Today Honasa-Mama fell by 20 percent i.e. Rs 73.95 and closed at Rs 295.80. KokuyoCamlin fell by Rs 17.80 to Rs 137.50, Tasty Byte fell by Rs 1128.90 to Rs 11,034.80, ATFL fell by Rs 70.10 to Rs 904.60, Emami fell by Rs 25.50 to Rs 614.95, Bikaji fell by Rs 11.14 to Rs 1.65 It closed Rs 25.80 lower at Rs 762.40, Globus Spirit fell Rs 25.75 at Rs 813.60, Balrampur Chinese closed Rs 14.10 lower at Rs 525.35. While the price of Hindustan Unilever increased by Rs 34.40 to Rs 2423.45, the price of ADF Foods increased by Rs 8.95 to Rs 291.85, the price of Nestle India increased by Rs 29.40 to Rs 2213.
Indraprastha gas margin declined by Rs 81 to Rs 325, decline in gas margin: BPCL, Adani Gas, GAIL declined.
There was selling in the shares of gas companies today due to reduction in the margins of the companies in the sale of gas. Indraprastha Gas fell by Rs 80.90 to Rs 325.05, BPCL fell by Rs 9.25 to Rs 289.15, Adani Total Gas fell by Rs 14.55 to Rs 669.60, GAIL India fell by Rs 3.60 to Rs 185.35, HPCL fell by Rs 185.35. 5.05 to Rs 367.45. Reliance Industries fell by Rs 7.05 to Rs 1260.05.
Panic selling by players, retail investors in small cap, mid cap stocks: 2486 shares closed negative
Many stocks opened fresh gap up today as retail investors, players continued panic selling in small, mid cap stocks. Out of total 4224 stocks traded on BSE, the number of declining stocks was 2486 and the number of gaining stocks was 1611.
Net sales in cash by FPIs/FIIs Rs 1403 crore: Net purchases by DIIs Rs 2330 crore
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 1403.40 crore in cash today on Monday. There were sales of Rs 15,659.69 crore against total purchases of Rs 14,256.29 crore. Whereas DII-Domestic Institutional Investors made net purchases of Rs 2330.56 crore in cash today. There were sales of Rs 9190.86 crore against total purchases of Rs 11,521.42 crore.
The asset-market capitalization of investors in stocks fell by Rs 1.52 lakh crore to Rs 429.08 lakh crore.
Due to continuous widespread selling in shares, investors’ wealth i.e. total market capitalization of BSE-listed companies fell by Rs 1.52 lakh crore in a single day to Rs 429.08 lakh crore today.