look news india
Mumbai: As the buzz of campaigning has died down ahead of the final phase of polling for the Lok Sabha elections this Saturday, the market of speculation has heated up further, amid speculations about who will get how many seats before the exit polls today… Will NDA 400 plus or 300 plus or else will there be a reversal in the close contest today? Index-based caution was seen at the end of two-way volatility in the Indian stock markets over the weekend. At the same time, on the global front, the effect of softness in global markets was also seen amid a fall in the US markets, along with the possibility of a delay in interest rate cuts due to a rise in US bond yields and inflation. From the rise in crude oil prices due to excess supply ahead of the meeting of OPEC countries. However, Indian stock markets witnessed buying by FPI-foreign portfolio investors as 13 new stocks were added through rebalancing of the MSCI Global Standard Index. Along with this, domestic institutional investors were also buyers in select stocks.
Nifty fluctuated between 22465 and 22654: Sensex fluctuated between 73765 and 74479
Funds continued to sell in IT-software services, technology stocks on the back of Nasdaq and sell in auto, healthcare stocks. While capital goods, metals-mining, consumer durables, banking, realty, oil-gas stocks gained. Sensex fluctuated between 73765.15 and 74478.89 and closed at 73961.31, up 75.71 points. While Nifty spot fluctuated between 22465.10 and 22653.75, it closed at 22530.70, down 42.05 points. Funds made huge purchases in shares of Adani Group's speciality companies when Adani Group announced the creation of a fund.
IT index down 332 points: 3i Info, Black Box, Tata Elxsi, Zensar, continue to fall
The BSE IT index closed 332.74 points lower at 33198.71 as funds continued heavy selling in IT-software services, technology stocks and US stock market Nasdaq continued to fall. 3i Infotech fell Rs 1.53 to Rs 34.75, Black Box fell Rs 10.60 to Rs 244.95, Tata Elxsi fell Rs 240.90 to Rs 6953.10, Persistent fell Rs 106 to Rs 3410 .05, Moschip Technology fell Rs 3.80 to Rs 129.30, Zensar Technology fell Rs 15.70 to Rs 609.30, Onward Technology fell Rs 7.90 to Rs 377.60, TCS fell Rs 30 to Rs 3669.50. Tata Technologies fell Rs 17.70 to Rs 1031.60, Ramco Systems fell Rs 5.25 to Rs 321.05, Infosys fell Rs 19.05 to Rs 1406.25, Tanla Platforms fell Rs 12.15 to Rs 918.05, Emphasis fell Rs 23.40 to Rs 2287.95. BSE IT index fell 332.74 points to close at 33198.71.
Metal stocks rally on signs of infrastructure boost: Jindal Stainless, NMDC, Vedanta gain
Funds bought metal-mining stocks heavily today on hopes that a strong government under Prime Minister Narendra Modi will be formed at the Centre after the Lok Sabha elections and many projects in the infrastructure sector will take shape. Jindal Stainless rose Rs 86.45 to Rs 794.35, NMDC rose Rs 10.60 to Rs 260.15, Vedanta rose Rs 8.75 to Rs 449.80, Coal India rose Rs 8.80 to Rs 25, Tata Steel rose Rs 2.95 to Rs 167.15. The BSE Metal index closed 413.53 points higher at 32713.24.
Capital Goods index gains 632 points: Suzlon, GMR Airports, Praj, BHEL gain
Today, the BSE Capital Goods index closed 631.69 points higher at 70055.57 due to heavy buying in capital goods-power stocks. Suzlon NG rose Rs 2.25 to Rs 47.61, GMR Airports rose Rs 3.53 to Rs 84.60, Praj Industries rose Rs 20.45 to Rs 522.10, LG Equipments rose Rs 22.70 to Rs 616, BHEL rose Rs 3.53 to Rs 84.60, BHEL rose Rs 8.15 to Rs 298.95, Grindwell Northern rose Rs 53.30 to Rs 2561.40, Bharat Electronics rose Rs 5.50 to Rs 296.10, Lakshmi Machine Works rose Rs 268.05 to Rs 15,835, Larsen & Toubro rose Rs 32.25 to Rs 3667.40.
Adani Power rose by Rs 58 to Rs 757
The news of board approval by Adani Group to raise $1.5 billion, Adani Enterprises to raise Rs 16,600 crore or two billion dollars and Adani NG to raise Rs 12,500 crore through qualified institutional placement, the board approval to raise funds led to a big surge in Adani Group shares today. Adani Enterprises rose Rs 218.35 to Rs 3411.45, Adani Ports & SEZ rose Rs 54.30 to Rs 1437.70, Adani Power rose Rs 58.45 to Rs 756.65, Adani NG Solutions rose Rs 25.85 to Rs 1122.80, Adani Green NG rose Rs 41 to Rs 1915.25, Adani Total Gas rose Rs 83.20 to Rs 1039.15, Adani Wilmar rose Rs 11.40 to Rs 355.85. With this, the total market capitalization of Adani Group companies increased by Rs 56,000 crore to Rs 17.7 lakh crore today.
Realty stocks rise again: Prestige rises Rs 59 to Rs 1600: Brigade, Macrotech, Godrej Properties rise
Shares of realty companies again declined today. Prestige Estates rose by Rs 59.25 to Rs 1600, Brigade Enterprises rose by Rs 46.75 to Rs 1282, Macrotech Developers rose by Rs 41.65 to Rs 1374.90, Godrej Properties rose by Rs 60.05 to Rs 2782, Mahindra Life rose by Rs 10.75 to Rs 576.10, Phoenix Mills rose by Rs 55.75 to Rs 3119.20, DLF rose by Rs 14.45 to Rs 816.60, Shobha Developers rose by Rs 10.60 to Rs 1880.
Profit booking in healthcare stocks: Dishman Carbogen, IPCA, FDC, Max Health, Ajanta Pharma fall
Funds booked huge profits in shares of healthcare-pharmaceuticals companies today. Dishman Carbogen fell Rs 25.30 to Rs 162.10, IPCA Lab fell Rs 91.95 to Rs 1157.70, FDC fell Rs 22.75 to Rs 435.30, Sasta Sundar fell Rs 11.15 to Rs 306.15, AstraZeneca fell Rs 180.50 to Rs 6177, Dr Reddy's Laboratories fell Rs 92.20 to Rs 5784.50, Wockhardt fell Rs 8.05 to Rs 529. While Fortis Healthcare rose by Rs 18.95 to Rs 475.95, Indraprastha Medi rose by Rs 17.60 to Rs 245.75, Reebo Child rose by Rs 73.35 to Rs 1304.65, Global Health rose by Rs 34 to Rs 1192.90.
Persistent selling in small-cap, mid-cap stocks turns market breadth negative: 2099 stocks close negative
Over the weekend, the market breadth remained negative with index-based caution in mid-caps, profit booking trend in small-cap stocks also with overall caution. Out of the total 3915 stocks traded on BSE, the number of losers was 2099 and the number of gainers was 1732.
FPIs/FIIs made net purchases of Rs. 1613 crore in shares: DIIs made net purchases of Rs. 2114 crore in shares
Foreign Portfolio Investors – FPIs, FIIs made net purchases of shares worth Rs 1613.24 crore in cash today on Friday. While DII-local institutional investors made net purchases of Rs 2114.17 crore in cash today.
