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Mumbai: In stocks today, funds, experts have made a big change in the portfolio, while on the other hand funds, funds have shown a continuous rise in banking-finance frontline stocks for several days as compared to the big rise in capital goods-power stocks and consumer durable stocks, funds became massive sellers. Foreign portfolio investors made heavy net purchases of shares worth Rs 7,908 crore today, while local funds-domestic institutional investors made heavy net purchases of Rs 7,108 crore. Along with this, operators, funds booked huge profits in oil-gas stocks as well as automobile, realty, metal-mining, healthcare-pharmaceuticals, PSU, small, mid-cap stocks. In banking stocks, Bankex jumped 1129.53 points to 58468.88 due to aggressive fund buying led by HDFC Bank. The Sensex made a new intraday high of 77851.63 and closed at a new high of 77337.59, up 36.45 points. While the Nifty 50 spot touched a new intra-day peak of 23664 and finally closed at 23516, down 41.90 points.
Bank Nifty surged 957 points : HDFC Bank rose Rs 49 to Rs 1658 : Axis, Kotak Bank rose
The BSE Bankex index jumped 1129.53 points to close at 58468.88 as funds made aggressive buying in banking-finance stocks today. HDFC Bank rose by Rs 49.25 to Rs 1658, Axis Bank rose by Rs 35 to Rs 1226.25, ICICI Bank rose by Rs 21.70 to Rs 1144.75, Kotak Mahindra Bank rose by Rs 28.65 to Rs 1748.25, IndusInd Bank rose by Rs 22.35 to Rs 1529.45, State Bank of India rose by Rs 8 to Rs 852.60. Bank Nifty jumped 957.15 points to close at 51398.05.
Fino Payments Rs 57 to Rs 342: Attractions in Geojit Fin, Motilal Oswal, Tourism Fi.
Financial services and other banking stocks also witnessed appreciation in the fund. Fino Payments rose Rs 56.95 to Rs 341.80, Oswal Greentech rose Rs 3.24 to Rs 37.70, Geojit Fin rose Rs 5.75 to Rs 106.97, ISAF Small Finance rose Rs 2.85 to Rs 56.33, 360 One rose Rs 42.15 to Rs 851, Motilal Oswal rose Rs 28.50 to Rs 690.10, PTC India Finance rose Rs 1.48 to Rs 49.31, Tourism Finance ICICI Securities rose Rs 3.75 to Rs 178. ICICI Securities rose Rs 13.40 to Rs 736.80.
Capital goods stocks gap up amid overbought warning: Hindustan Aeronautics drops Rs 220
The BSE Capital Goods index closed 1583.33 points lower at 72206.83 as funds and some analysts started ringing valuation warning bells in long overbought capital goods stocks today, booking big profits along with reshuffling portfolios in a major upheaval. Hindustan Aeronautics fell Rs 220.05 to Rs 5313.30, ABB India fell Rs 316.30 to Rs 8550, Schaeffler India fell Rs 167.05 to Rs 4643, Honeywell Automation fell Rs 1723.55 to Rs 55,191.15. BHEL fell by Rs 8.45 to Rs 297, Larsen & Toubro fell by Rs 98.30 to Rs 3590.40, Thermax fell by Rs 138.30 to Rs 5115, Siemens fell by Rs 157.70 to Rs 7568.40.
Consumer stocks fall after surge: Voltas down Rs 53, Titan Rs 125, Dixon Rs 213
The BSE Consumer Durables Index fell 1458.60 points to close at 58785.82 as shares of consumer durables companies started falling. Voltas fell Rs 53.30 to Rs 1482.30, Titan Company fell Rs 124.55 to Rs 3461.65, Blue Star fell Rs 22.75 to Rs 1705.70, CG Consumer fell Rs 4.65 to Rs 424.10, Havells India closed down Rs 12.60 to Rs 1815.
Auto index falls 756 points: Maruti Rs 305, Bajaj Auto Rs 230, Hero Rs 112
Today, the BSE Auto index closed 755.54 points lower at 57562.13 due to heavy profit booking in automobile frontline stocks. Maruti Suzuki closed down Rs 305 at Rs 12,254.95, Bajaj Auto closed down Rs 229.60 at Rs 9687.75, Ashok Leyland closed down Rs 5.10 at Rs 234.05, Balkrishna Industries closed down Rs 69.85, Hero Motocorp closed down Rs 3280, down Rs 111.70 at Rs 5644.40, TVS Motor closed down Rs 29.65 at Rs 2439.05, Mahindra & Mahindra closed down Rs 25.90 at Rs 2934.60.
Linde India oil-gas shares fall by Rs 325: HPCL, GAIL, BPCL, IOC fall
The BSE Oil-Gas index closed 583.17 points lower at 29004.08 due to profit-booking by funds in oil-gas stocks today. Linde India fell Rs 325.20 to Rs 8938.75, HPCL fell Rs 14.50 to Rs 515.70, GAIL India fell Rs 5.85 to Rs 216.35, BPCL fell Rs 14.90 to Rs 616.05, IOC fell Rs 14.50 to Rs 616.05, Petroleum Corporation fell Rs 2.80 to Rs 166.80, Petronet LNG fell Rs 5.40 to Rs 311.
Sudden drop in realty stocks: Phoenix Mills down Rs 172, Sobha down Rs 77: Brigade, Godrej down
Realty company shares witnessed a sudden decline today. Phoenix Mills fell Rs 171.95 to Rs 1319.10, Macrotech Developers fell Rs 49.55 to Rs 1541, Prestige Estates fell Rs 59.35 to Rs 1875.80, Godrej Properties fell Rs 83.80 to Rs 3004, DLF fell Rs 18.85 to Rs 859.75.
Local funds, operators of small, mid-cap stocks in exit mood: 2235 stocks closed negative
Sensex, Nifty based stocks suffered a setback today, but banking stocks rose and the trend remained positive, while fund operators in small, mid cap, cash stocks suddenly sold off heavily, the market condition worsened. There was a talk that operators of small, mid cap stocks, local funds are in a mood to exit. Out of the total 3974 stocks traded on BSE, the number of gainers was 1634 and the number of losers was 2235.
Investors' wealth in stock-market cap declined by Rs 3.29 lakh crore to Rs 433.95 lakh crore
Many stocks, funds, operators across small, mid cap, A group, cash shares are selling investors' assets on a large scale today i.e. the total market capitalization of companies listed on BSE has fallen by Rs 3.29 lakh crore to Rs 433.95 lakh crore today.
FPIs/FIIs made net purchases of Rs 7908 crore in shares: DIIs made net purchases of Rs 7108 crore
Foreign Portfolio Investors – FPIs, FIIs made net purchases of shares worth Rs 7908.36 crore in cash today on Wednesday. There was a net sale of Rs 16,943.86 crore against a total purchase of Rs 24,852.22 crore. While DIIs-Domestic Institutional Investors made net purchases of Rs 7107.80 crore in cash today. There was a net sale of Rs 15,440.44 crore against a total purchase of Rs 22,548.24 crore.