look news india
Mumbai: India's stock markets hit record highs today, with Nifty crossing the 25,000 mark and Sensex at record highs in global markets amid cautious easing in Asian and European markets, as geopolitical tensions between Iran and Israel escalated after the killing of Israel's top Hamas commanders. The intra-day 82000 level was a new history. Foreign portfolio investors (FPIs) continued to sell stocks today, while local funds, local institutional investors sold against buying today. The index-based historical rally continued today as foreign funds bought in anticipation of corporate results with good progress of monsoon and further economic reforms by the NDA government.
Sensex makes a new intra-day high of 82,129
After hitting a new high of 82129.49 with a jump of 388.15 points in intra-day, Sensex closed at a new record high of 81867.55 with a gain of 126.21 points. While Nifty 50 spot also touched the 25,000 mark today, Kudaavi made a new intra-day peak of 25,078.30 and finally closed at a new historical high of 25010.90, up 59.75 points. Profit booking was seen in capital goods, consumer durables, automobile stocks as against the rise in oil-gas, healthcare, metal stocks. Along with this, profit-taking was also seen in small, midcap stocks.
Capital goods index fell by 888
In capital goods stocks today, the BSE Capital Goods index closed 888.97 points lower at 74751.15 as funds booked profits. Titagra Wagon fell Rs 58.05 to Rs 1571.65, Lakshmi Machine Works fell Rs 467.75 to Rs 15,166.05, Mazagon Dock fell Rs 136.50 to Rs 5107.35, Schaeffler fell Rs 10 to Rs 4161.65, AIA Engineering fell Rs 111.50 to Rs 4515.10, BHEL fell Rs 7.15 to Rs 308.35, Hindustan Aeronautics fell Rs 110.50 to Rs 4811.95.
Profit booking in auto stocks
Automobile company funds witnessed more losses than profit booking today. Ashok Leyland fell Rs 7.15 to Rs 249.95, Mahindra & Mahindra fell Rs 78 to Rs 2829.20, Hero Motocorp fell Rs 123.60 to Rs 5369.85, Exide Industries fell Rs 10.55 to Rs 512.75, Bosch fell Rs 609.80 to Rs 34,360.30, MRF fell Rs 2093.05 to Rs 1,40,219.95, Tata Motors fell Rs 11.75 to Rs 1144.60, Cummins India fell Rs 39.05 to Rs 3813.60. BSE Auto index closed 470.73 points down at 59714.71.
oil reserves increased
Oil and gas stocks were the favorite buy of funds today. Oil marketing PSU stocks are facing selling due to the negative impact of strengthening international crude oil prices due to rising tensions between Israel and Iran. Oil India rose by Rs 21.70 to Rs 599.05, ONGC rose by Rs 7.45 to Rs 341.75, Reliance Industries rose by Rs 21.45 to Rs 3031.70. Indian Oil Corp fell by Rs 1.85 to Rs 179.75, HPCL fell by Rs 1.25 to Rs 391.35.
Profit booking in small, midcap stocks
Many small, mid-cap, cash stocks rallied today due to cautious funds, profit booking by players and market breadth turning negative. Out of total 4048 stocks traded on BSE, number of losers were 2436 and number of gainers were 1524.
Investors' wealth decreased
In comparison to the rise in Sensex, there was selling in Nifty based shares, Small, Midcap, A group shares. The assets of the companies listed on BSE i.e. total market capitalization also decreased by Rs 76 thousand crores to Rs 461.62 lakh crores today.
FII purchases worth Rs 2089 crore
Foreign Portfolio Investors – FPIs, FIIs made net purchases of shares worth Rs 2089.28 crore in cash today on Wednesday. There were net sales of Rs 15,770.94 crore against total purchases of Rs 17,860.22 crore. While DIIs-Domestic Institutional Investors made net sales of Rs 337.03 crore in cash today. There were net sales of Rs 14,293.43 crore against total purchases of Rs 13,956.40 crore.
