Friday , June 14 2024

Nifty rose 75 points to a new high of 22197

Mumbai: In contrast to the cautious easing in global markets amid China's economic uncertainty, Indian stock markets gained six points today. Funds, gainers led private bank stocks and power stocks and pushed Sensex to new high by crossing 73000 level again. When Nifty touched the level of 22200 for the first time, Kudavi brought a new historical peak of 22215. The fund saw an increase due to the start of re-rating of shares of companies with good fundamentals amid preparations for Lok Sabha elections, expectations of large-scale steps by the government to reduce inflation rate in India and strong performance of corporate India. ' Attraction towards shares. Today, due to rise in private bank shares including HDFC Bank, Axis Bank, Kotak Bank, IndusInd Bank and increasing attraction in power shares, Sensex crossed the level of 73000 and reached 73130.69 and finally closed at 73057.40 with a gain of 349.24 points. Happened. While Nifty 50 spot index made a new record of 22215.60 and finally closed at a new high of 22196.95, up 74.70 points.

Bankex jumps 649 points: HDFC Bank up by Rs 37 at Rs 1454: Axis, Kotak Bank rise

In banking stocks, funds bought heavily in private bank shares today. HDFC Bank rose by Rs 36.65 to Rs 1453.75, Axis Bank rose by Rs 24.70 to Rs 1088.30, Kotak Mahindra Bank rose by Rs 31.60 to Rs 1763.10, IndusInd Bank rose by Rs 21.55 to Rs 1504.35. ICICI Bank rose by Rs 5.25 to Rs 1048.80, Bank of Baroda rose by Rs 2.45 to Rs 273.20. BSE Bankex index closed at 53441.37, up 649.27 points.

One97 Paytm grows five percent continuously: Tourism Finance, Prudential Advisors, HUDCO grow

Funds also bought heavily in financial services and other banking stocks today. One97 Communications-Paytm rose Rs 17.90 to Rs 376.45 in the upper circuit of a sustained 5 per cent rise as buying in the stock increased on RBI's clarification that Paytm will continue to operate its app, QR code, soundbox and card machine even after March 15, 2024. Will keep. Gaya Tourism Finance rose by Rs 10.45 to Rs 220.05, SMC Global rose by Rs 5.70 to Rs 134.35, Prudent Advisor rose by Rs 52.25 to Rs 1398, HUDCO rose by Rs 5.75 to Rs 198.70. Monarch's net worth increased by Rs 21.45 to Rs 649.95, Tata Investment Corp's net worth increased by Rs 131.40 to Rs 5849.70.

Profit booking in IT stocks: 63 Moons, Nucleus, Birla Soft, Kelton, Cient, Sonata Break

Many shares in IT-software services, technology stocks witnessed a decline in prices today as funds booked massive profits. 63 Moons Technology fell by Rs 26.90 to Rs 511.65, Nucleus Software fell by Rs 46 to Rs 1265, Birla Soft fell by Rs 24.65 to Rs 806.75, Sonata fell by Rs 21.30 to Rs 820.95. Kelton fell by Rs 2.20 to Rs 99.12, Genesis International fell by Rs 9.55 to Rs 496.60, Cient fell by Rs 38.45 to Rs 2032.40, TCS fell by Rs 71.65 to Rs 4029.95, Coforge fell by Rs. Rs 95.95 to Rs 6657.15. BSE IT index fell 358.04 points to close at 38583.16.

Break on rally of small, midcap, cash stocks: 1,966 stocks closed negative due to profit booking by operators

The rally in small, mid cap, cash stocks came to a halt today as cautious funds, investors booked profits in many stocks and the market sentiment turned negative. Out of the total 3931 stocks traded on BSE, the number of declining stocks was 1966 and the number of gaining stocks was 1877.

FPI/FII net sale of shares Rs 1335 crore: DII net purchase Rs 1491 crore

Foreign portfolio investors – FPI, FII made a net sale of Rs 1335.51 crore in cash today on Tuesday. There were sales of Rs 16,206.19 crore against total purchases of Rs 14,870.68 crore. Whereas DII-Domestic Institutional Investors made net purchase of shares worth Rs 1491.33 crore today. There were sales of Rs 9173.74 crore against total purchases of Rs 10,665.07 crore.

Realty stocks like Swan NG, Macrotech Developers, DLF, Phoenix benefited from asset sales.

The fund's investment in realty stocks was driven by reports of strong growth in property sales in Mumbai-Maharashtra and good response to property sales in other parts of the country as well. Swan NG rose by Rs 19.30 to Rs 750, Macrotech Developers rose by Rs 23.30 to Rs 1117.10, DLF rose by Rs 15.35 to Rs 864.05, Phoenix Mills rose by Rs 33.95 to Rs 2817.60, Godrej Properties rose by Rs 16.35. Rs 2296.70, Oberoi Realty rose by Rs 9.40 to Rs 1309.75.

Funds moderate bullish trade in auto stocks: Hero MotoCorp falls by Rs 192, Bajaj Auto by Rs 218

Even in automobile stocks, funds reduced bullish trading today by reducing overbought positions. Hero MotoCorp fell by Rs 192.35 to Rs 4661.15, Bajaj Auto fell by Rs 217.95 to Rs 8292.55, Apollo Tires fell by Rs 10.40 to Rs 521.30, Eicher Motors fell by Rs 66.60 to Rs 3833.95, Cummins India fell by Rs 32.80 to Rs.2628, Maruti Suzuki 37.70 rupees fell to 3716.40 Came to Rs. BSE Auto Index fell 384.86 points to close at 46779.27.

The asset-market capitalization of investors fell by Rs 19 thousand crore to Rs 391.50 lakh crore.

Investors' wealth i.e. total market capitalization of BSE-listed companies fell by Rs 19 thousand crore in a single day to Rs 391.50 lakh crore due to profit selling in many small and mid cap stocks against record highs based on Sensex, Nifty.