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Mumbai: With international crude oil prices hitting a five-month high of $85 and Brent at $89, index-based funds hit their record rally today amid fears of another drought this year as a result of the unbearable heat in the country. Applied the brakes. Of course, buying by funds, high net worth investors at attractive valuations was unabated as shares sold in the last two months of the financial year following a sustained broad rally in small, mid-cap stocks. Along with this, the effect of caution regarding geopolitical tension was also seen in the global markets. Sensex, Nifty based historic rally snapped as funds booked profits in IT-software services, technology, banking frontline stocks. Sensex fell 110.64 points to 73903.91 and Nifty fell 8.70 points to 22453.30. Funds made selective purchases in auto, consumer durables, capital goods, metal stocks.
Selling of funds in IT stocks: TCS, Oracle, Amudra, Infosys, HCL Technology fall
Cautious bullish trade waned today as global challenges mounted for IT-software services companies. The stock fell by Rs 32.65 to Rs 3,882.60 today amid allegations that TCS was firing American employees in the US and favoring Asian-Indian employees. HCL Technology fell by Rs 28.35 to Rs 1528.10, Infosys fell by Rs 12.60 to Rs 1483.20. Oracle Finserv declined by Rs 119.70 to Rs 8830.25, Imudra declined by Rs 29.55 to Rs 708.15, Zegal Prepaid declined by Rs 13.70 to Rs 268.80, Rategain Travel declined by Rs 6 to Rs 732.40. BSE IT index fell 194.68 points to close at 35615.55.
Bajaj Auto, Mahindra, Bosch, Balakrishnan gain in banking stocks: Hero Corp falls by Rs 122 to Rs 4561
Automobile stocks continued to rise today amid selling in some stocks. The price of Mahindra & Mahindra increased by Rs 56.45 to Rs 1971.85, the price of Bajaj Auto increased by Rs 235.60 to Rs 9276.65, the price of Balkrishna Industries increased by Rs 50.60 to Rs 2334.60, the price of Bosch increased by Rs 613.15 to Rs 30,903.25, the price of Cummins India increased by Rs 37.05. Rs 3042, Tata Motors increased by Rs 12.20 to Rs 1004.30, Apollo Tires increased by Rs 5.30 to Rs 470.70, Tube Investments increased by Rs 41.95 to Rs 3765.35. While Hero MotoCorp fell by Rs 122.05 to Rs 4561.25, Eicher Motors fell by Rs 21.55 to Rs 3926.10, Maruti Suzuki fell by Rs 18.95 to Rs 12,551.35, MRF rose by Rs 1111.35 to Rs 1,36,900. , BSE Auto Index closed 517.73 points higher at 49537.68.
Consumer durables index jumps 950 points: Aditya Birla, Dixon, CG consumer bullish
BSE Consumer Durables index closed 950.79 points higher at 53,201.56 as funds made aggressive buying in shares of consumer durables companies today. Aditya Birla Fashion rose by Rs 24.45 to Rs 236.15, Dixon Technology rose by Rs 313.60 to Rs 7906.30, CG Consumer rose by Rs 10.10 to Rs 280.45, Voltas rose by Rs 36.35 to Rs 1189.80, Blue Star rose to Rs 1189.80. Whirlpool rose by Rs 30.20 to Rs 1310.70, Whirlpool rose by Rs 28.40 to Rs 1279.90, Havells India rose by Rs 28.30 to Rs 1542.10.
Linde India rises from Rs 580 to Rs 7000: Indian Oil, Petronet LNG, HPCL rise
Funds bought heavily in oil-gas shares today. International crude oil prices continued to rise, with Brent crude up $1.10 at $88.52 in the evening and New York crude up $1.19 at $84.90, and analysts pointed to the possibility of Brent reaching $100 in the coming days. Linde India rose by Rs 579.80 to Rs 7000, Indian Oil Corp rose by Rs 4.90 to Rs 174.10, Petronet LNG rose by Rs 7.50 to Rs 272.70, HPCL rose by Rs 13 to Rs 482.20. BPCL rose by Rs 15.05 to Rs 616.05, ONGC rose by Rs 2.25 to Rs 272.25. BSE Oil-Gas Index closed 424.49 points higher at 28217.96.
Broad rally in small, mid-cap stocks continues: BSE small-cap index rises 568 points
The market condition was positive today as widespread buying continued by funds, high net worth investors in small, mid cap, cash stocks, etc. Out of total 3959 shares traded on BSE, the number of gainers was 2853 and the number of events was 1003. BSE Small Cap Index closed 568.43 points higher at 53792.41. While BSE Mid Cap Index rose 456.18 points to close at 40424.61.
Best Agro, Aditya Capital, Symphony, Uflex, Veroc, Reliance Infra, Fincurve, Shiva Global were among the gainers.
Top gainers were Best Agro up by Rs 104.85 to Rs 654.55, Tanla up Rs 90.90 to Rs 933.30, Aditya Birla Capital up Rs 19.25 to Rs 201.05, TCNBrands up Rs 35.25 to Rs 393.75, Symphony up Rs 82.20 to Rs 950.45, Veroc Engineering Increase of Rs 46.50 to Rs 558.85 , Godfrey Phillip rose by Rs 253.10 to Rs 3353.10, Reliance Infra rose by Rs 20.70 to Rs. 289.35, Uflex up Rs 31.15 to Rs 453.15, Sigachi up Rs 8.22 to Rs 69.73, EKI up Rs 51.55 to Rs 383.15, Fincurve Financial up Rs 11.38 to Rs 68.29, Shiva Global Agro up Rs 8.93 to Rs 53.59, Autoline Industries up Rs 20.35 Increase to Rs 137.20, Capital Trust ITL rose by Rs 17.69 to Rs 120.62, ITL rose by Rs 47 to Rs 375.15. B&A Ltd. It had increased by Rs 86.95 to Rs 534.25.
FPI/FII net sale of shares Rs.1623 crore: DII net purchase Rs.1953 crore
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 1622.69 crore in cash today-Tuesday. There were sales of Rs 14,901.73 crore against total purchases of Rs 13,279.04 crore. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 1952.72 crore in cash today. There were sales of Rs 10,210.68 crore against total purchases of Rs 12,163.40 crore.