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Mumbai: On the global front, record rise was seen in the stock markets of India, Europe and Japan today. After two-way fluctuations in the Indian stock markets, Sensex, Nifty hit record highs today, with Japan's Tokyo Stock Exchange's Nikkei 225 index touching the all-time high of 1989 and American Stock Exchange Nasdaq's Asian and European markets hitting record highs today. But reached. Had jumped. Japan's Tokyo Stock Exchange's Nikkei 225 index jumped 836.52 points to close at 39,098.68, its highest level since 1989. In Europe, Germany's DAX rose 178 points to 17296, France's CAKE 40 index rose 52 points to 7864. Nifty 50 index created a new history at 22252.50. While the Sensex reached its all-time high of 73427.59 points at 73256.39 points.
Global markets rally in support of Nasdaq despite no sign of US Fed interest rate cut
Funds again traded aggressively today with heavy buying in IT-software services, technology frontline stocks on strong outlook with Nvidia's results and aggressive bullish selection in automobile, FMCG, capital goods stocks. With this, the Nifty 50 spot index finally closed at a new record high of 22217.45 after a gain of 162.40 points. While Sensex increased by 535.15 points and closed at 73158.24. Small, mid-cap stocks were also undervalued by funds, leading to a broader rally. US Federal Reserve minutes indicated there is no possibility of a short-term interest rate cut despite chip maker Nvidia's good quarterly results and outlook. The Nasdaq stock market rose by two percent yesterday and even today there was a record rise in the global markets, especially in the markets of Japan, India and Europe.
Nvidia's strong revenue estimate takes IT stocks by storm: Quick Hill, Nelco, HCL rise
Global IT chipmaker giant Nvidia Corp. Funds today bought heavily in global IT stocks as well as Indian IT stocks as future revenue estimates were presented strong and this resulted in better than expected sales growth. BSE IT index closed at 38685.69, up 695.35 points. HCL Technology rose by Rs 51.10 to Rs 1686.75, Oracle Finserv rose by Rs 190.65 to Rs 7930, TCS rose by Rs 97.15 to Rs 4086.45, Tech Mahindra rose by Rs 30.05 to Rs 1327.30, Wipro rose by Rs. 10.10 up by Rs 531.25, Quick Hill Technology up Rs 64.75 to Rs 546.15, Nelco up Rs 47 to Rs 802, 63 Moons Technology up Rs 24.30 to Rs 510.40, Cent up Rs 85.05 to Rs 85.05. 2049.
Auto index up 862 points: Cummins up Rs 158, Bajaj up Rs 276, Eicher up Rs 120
Today, BSE Auto Index closed 861.89 points higher at 47426.83 due to aggressive buying of funds in shares of automobile companies. Cummins India price increased by Rs 158.20 to Rs 2766.05, Bajaj Auto price increased by Rs 276.30 to Rs 8505.30, Eicher Motors price increased by Rs 119.70 to Rs 3954.15, Mahindra & Mahindra price increased by Rs 48.55 to Rs 1908.60, Maruti Suzuki price increased by Rs 205.80. 11,675.50 Rs, TVS Motor rose by Rs 32.90 to Rs 2126.35, Bosch rose by Rs 431.35 to Rs 28,500, Tata Motors rose by Rs 11.05 to Rs 932.10.
Capital Goods Index rises 993 points: ABB up Rs 442, Thermax up Rs 175, Siemens up Rs 109.
Among capital goods stocks today, BSE Capital Goods Index closed 992.87 points higher at 56071.10 as funds bought aggressively. ABB India increased by Rs 442.20 to Rs 5431.50, Thermax increased by Rs 175.05 to Rs 3720.40, Bharat Electronics increased by Rs 6.35 to Rs 194.95, BHEL increased by Rs 6.55 to Rs 228.55, KPIL increased by Rs 24.50 to Rs. .937, Siemens rose by Rs 108.95 to Rs 4550.65, Lakshmi Machine Works rose by Rs 314.55 to Rs 14,900, Larsen & Toubro rose by Rs 67.70 to Rs 3364.05, Hindustan Aeronautics rose by Rs 55.90 to Rs 3364.05. 3004.50.
ITC increased by Rs 11 to Rs 414: Agro Tech increased by Rs 156 to Rs 1046: Godfrey, Varun Beverages up.
The BSE FMCG index closed 184.57 points higher at 19622.91 points due to heavy buying in FMCG shares by funds today. Agro Tech Foods rose by Rs 156 to Rs 1046.25, Associated Alcohols rose by Rs 39.10 to Rs 507.25, Godfrey Philip rose by Rs 130.45 to Rs 2769.05, ITC rose by Rs 11 to Rs 414.30. DCM Shriram rose by Rs 5.60 to Rs 217, Varun Beverages rose by Rs 33.45 to Rs 1497.15, Parag Milk rose by Rs 4.70 to Rs 259.75.
Coal India prices increased by Rs 12 to Rs 445: NMDC, Hindalco, Jindal Steel, Tata Steel attracted.
Funds also made selective buying of metal-mining stocks today amid government restrictive measures to stem the slide in Chinese markets and record gains in Japan's Tokyo Stock Exchange in Europe and Asia on the other hand. Coal India's price increased by Rs 12.45 to Rs 445.40, NMDC's price increased by Rs 6.35 to Rs 238.90, Hindalco's price increased by Rs 9.35 to Rs 521.25, Jindal Steel's price increased by Rs 11.85 to Rs 783.50, Tata Steel's price increased by Rs 2 to Rs 145.85, Jindal Stainless rose by Rs 4.25 to Rs 642.35. BSE Metal Index closed 358.27 points higher at 27486.80.
Small, mid-cap stocks lose valuations, market breadth positive again: Stocks close 2012 positive
After yesterday's fall in small, mid-cap stocks, the market condition again turned positive today due to selective buying by small funds, high net worth investors. Out of the total 3933 stocks traded on BSE, the number of gainers was 2012 and the number of decliners was 1815.
Investor's asset-market cap. Rs 3.30 lakh crore increased to a new high of Rs 392.17 lakh crore
With Sensex, Nifty based small, mid cap stocks aggressively rising, many stocks rising, investors' wealth in stocks i.e. the total market capitalization of BSE listed companies increased by Rs 3.30 lakh crore in a single day today. Reached a new high of Rs 392.17 lakh crore, a historic high.
FPI/FII net sale of shares Rs.1410 crore: DII net purchase Rs.1824 crore
Foreign portfolio investors-FPIs, FIIs made a net sale of Rs 1410.05 crore in cash today on Thursday. There were sales of Rs 15,786.62 crore against total purchases of Rs 14,376.57 crore. Whereas DII-Domestic Institutional Investors made net purchase of shares worth Rs 1823.68 crore today. There were sales of Rs 8649.41 crore against total purchases of Rs 10,473.09 crore.
