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Mumbai: In global markets, with the recovery in Europe as well as strength in futures in US stock markets and the possibility of incentives by the domestic NDA government including Union Budget stimulus and income tax concessions to boost economic growth, local and foreign funds, high net worth investors led the stocks to a historic rally today. Funds made selective heavy purchases in banking-financial services, capital goods, power, consumer durables, IT stocks. Funds' attraction towards technology, IT stocks was seen increasing on the back of the rise in the US stock market Nasdaq. Along with this, funds traded briskly after the modest start of the monsoon, it is expected to increase now. Intra-day, the Sensex rose 374 points to a new record high of 77366.77 and finally closed at a new high of 77301.14, up 308.37 points. Intra-day, the spot Nifty rose 113.45 points to a new record high of 23579.05 and finally closed 92.30 points higher at a new record high of 23557.90.
Banking stocks in focus: IDFC Bank, ICICI, Axis, HDFC gain
Funds were evaluating banking stocks today, BSE Bankex index closed up 474.58 points at 57339.35. IDFC First Bank rose by Rs 3.41 to Rs 81.42, ICICI Bank rose by Rs 17.20 to Rs 1123.05, Axis Bank rose by Rs 10.10 to Rs 1190.65, HDFC Bank rose by Rs 11.30 to Rs 1608.75, State Bank of India rose by Rs 4.40 to Rs 844.60, AU Small Bank rose by Rs 4.15 to Rs 665.15.
PTC India surges 20% to Rs 48: AGS Transact, Aban Holdings, Sumit, Can Fin gain
Financial services, other banking stocks also witnessed broad based gains today. PTC India Financial rose 20 per cent or Rs 7.97 to Rs 47.83, AGS Transactions rose Rs 7.98 to Rs 87.84, Aban Holdings rose Rs 33.65 to Rs 481.65, Sumit Securities rose Rs 78.95 to Rs 1536.80, Can Fin Homes rose Rs 56.10 to Rs 889.75, Arihant Capital rose Rs 4.42 to Rs 73.73, IDFC rose Rs 6.10 to Rs 120.85, GIC Housing rose Rs 11 to Rs 250.85.
Realty stocks rise: Phoenix Mills up Rs 283 to Rs 3842: Swan NG, Mahindra Life gain
Realty stocks rose sharply as funds again made heavy purchases. Phoenix Mills rose Rs 283.45 to Rs 3841.95, Swan NG rose Rs 24.15 to Rs 661.40, Mahindra Life rose Rs 22.15 to Rs 639.80, Godrej Properties rose Rs 89.70 to Rs 3087.80, Macrotech Developers shares rose Rs 40 to Rs 1597, Brigade Enterprises rose Rs 8.70 to Rs 1365.35. BSE Realty index rose 185.79 points to close at 9006.30.
Among capital goods stocks, Hindustan Aeronautics rose Rs 334 to Rs 5533: GMR, Timken gained.
Capital goods stocks also attracted funds. Hindustan Aeronautics rose Rs 333.75 to Rs 5533.35, GMR Airports rose Rs 3.93 to Rs 97.83, AIA Engineering rose Rs 151 to Rs 4123, V-Guard rose Rs 13.20 to Rs 413, Teamcan rose Rs 117.80 to Rs 4710.65, Lakshmi Machine Works rose Rs 375.25 to Rs 16,477, Bharat Electronics rose Rs 8.70 to Rs 318.25, LG Equipment rose Rs 10.85 to Rs 697.85.
Axiscades up from Rs 96 to Rs 623: Quick Hill up from Rs 51 to Rs 524: Moschip, Wipro up
IT-software services, technology stocks were widely bought as Nasdaq stock markets rose. Axiscades rose Rs 95.55 to Rs 623.05, Quick Hill rose Rs 50.60 to Rs 523.60, Moschip rose Rs 21.50 to Rs 223.25, Genesis International rose Rs 37.65 to Rs 552, Zeggle Prepaid rose Rs 17.80 to Rs 310.25, RateGain rose Rs 44.55 to Rs 778.35, Wipro rose Rs 14.50 to Rs 491.85, Constant rose Rs 83.05 to Rs 3851.
Market breadth remains positive as funds flock to small, mid cap stocks: 2167 stocks closed positive.
With Sensex, Nifty hitting new highs, the market breadth remained positive as selected funds continued to gain value in small, mid cap, cash stocks. Of course, the continued rally saw profit booking by funds, operators in many stocks. Out of the total 4150 stocks traded on BSE, the number of gainers was 2167 and the number of losers was 1836.
Dixon up by Rs 312 to Rs 11,554 : Voltas up by Rs 37 to Rs 1536 : Whirlpool, Titan up
The fund's favorite aggressive buying continued in the shares of consumer durables companies today. Dixon Technology rose by Rs 311.70 to Rs 11,553.70, Voltas rose by Rs 36.70 to Rs 1535.60, Whirlpool of India rose by Rs 42.55 to Rs 1825.50, Titan Company rose by Rs 40 to Rs 3589, Aditya Birla Fashion rose by Rs 3 to Rs 331.35. The BSE Consumer Durables index closed at 60,244.42, up 753.94 points.
Investors' wealth in shares increased by Rs 2.36 lakh crore to a new high of Rs 437.24 lakh crore.
Investors' wealth, or the total market capitalisation of BSE-listed companies, surged by Rs 2.36 lakh crore to a fresh record high of Rs 437.24 lakh crore today as Sensex, Nifty-based small-cap, mid-cap, A group stocks retained their preferred appeal.
FPIs/FIIs made net purchases of Rs.2569 crore in shares: DIIs made net purchases of Rs.1556 crore in shares
Foreign Portfolio Investors – FPIs, FIIs made net purchases of shares worth Rs 2569.40 crore in cash today on Tuesday. There was a net sale of Rs 16,532.45 crore against a total purchase of Rs 19,101.85 crore. While DIIs-Domestic Institutional Investors made net purchases of Rs 1555.73 crore in cash today. There was a net sale of Rs 12,399.49 crore against a total purchase of Rs 13,955.22 crore.