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Mumbai: On the global front, international crude oil prices continued to rise with Brent crude crossing the $89 level, with New York-Nymex crude trading above $85 on rising global inflation and US risk appetite. Sensex, Nifty based jitters eased cautiously in Indian stock markets today amid caution in global markets over hint of Federal Reserve cutting interest rates now instead of June. Of course, funds, players continued the wild rise in small, mid cap, cash stocks for the third consecutive day today, pushing up the prices of many stocks. A major index-based fall in the market was prevented by gains in IT-software services, selective gains in oil-gas stocks and gains in PSU stocks, especially defence-shipping PSU stocks. The funds were selling auto, consumer and realty stocks. Sensex, falling within the range of 73540.28 to 74151.21, closed 27.09 points lower at 73876.82. While Nifty spot fluctuated in the range of 22346.50 to 22521.10, it finally fell 18.65 points to close at 22434.65.
Bajaj Auto falls by Rs 197 to Rs 9079: TVS Motor, Tube, Maruti Suzuki, MRF, Bosch fall
Today, due to profit booking in shares of automobile companies, BSE Auto Index fell 181.10 points and closed at 49356.58. Bajaj Auto fell by Rs 197.50 to Rs 9079.15, TVS Motor fell by Rs 45.30 to Rs 2105.05, Tube Investments fell by Rs 67.40 to Rs 3700.55, Maruti Suzuki fell by Rs 108.75 to Rs 12,442.60, MRF declined. From Rs 967.70 to Rs 1,36,104, Bosch fell by Rs 156.70 to Rs 30,746.55. While Ashok Leyland rose by Rs 2.65 to Rs 174.25, Mahindra & Mahindra rose by Rs 13.15 to Rs 1985, Eicher Motors rose by Rs 22 to Rs 3943.0.
Realty stocks rise: Macrotech, Godrej, DLF, Prestige, Oberoi Realty fall
As realty stocks gained momentum, players, funds made big sales today. Macrotech Developers fell by Rs 55.60 to Rs 1111, Godrej Properties fell by Rs 93.10 to Rs 2402.70, DLF fell by Rs 30.35 to Rs 904.55, Prestige Estates fell by Rs 27.25 to Rs 1284.70. Oberoi Realty fell by Rs 30.25 to Rs 1526.50, Phoenix Mills fell by Rs 47.55 to Rs 2851.60, Brigade Enterprises fell by Rs 10.65 to Rs 940, Shobha Developers fell by Rs 10.80 to Rs 1557. BSE Realty Index closed at 7298.79, down 183.18 points.
Reliance, HPCL, BPCL fall: ONGC, Linde India, Petronet draw
Oil marketing PSU stocks witnessed cautious profit-booking today as a result of sustained rise in international crude prices. HPCL fell by Rs 7.95 to Rs 474.25, Reliance Industries fell by Rs 28.90 to Rs 2942.40, BPCL fell by Rs 5 to Rs 611.05. While Linde India rose by Rs 359.75 to Rs 7237.35, Petronet LNG rose by Rs 10 to Rs 282.70, GAIL India rose by Rs 5.90 to Rs 189.15, ONGC rose by Rs 3.10 to Rs 275.35.
Attraction in power stocks: JSW NG up by Rs 39 at Rs 581: Adani Power, Siemens rise
Funds were buying power stocks today. JSW Energy rose by Rs 39.10 to Rs 581.05, Adani Power rose by Rs 29.40 to Rs 617.75, Suzlon Energy rose by Rs 95 to Rs 42.49, NTPC rose by Rs 6.80 to Rs 351.60, Siemens rose by Rs 66.90 to Rs 66.90. 5646.50, ABB India rose by Rs 69.85 to Rs 6499, NHPC rose by Rs 93.18, Tata Power rose by Rs 3.25 to Rs 412.15. BSE Power Index closed 82.86 points higher at 6981.42.
Aggressive rally continues in funds, players, small, mid-cap, cash stocks: 2777 shares closed positive
The market sentiment remained extremely positive as funds, players, high net worth investors aggressively moved into small, mid cap, cash stocks for the third consecutive day. Of the total 3965 shares traded on BSE, the number of gainers was 2777 and the number of decliners was 1083.
Abans, Centrum Capital, Kalyani Invest, PNB, Mannapuram, Angel One, IDBI Bank rose.
Among other banking stocks, financial services, funds were buying today. Abans Holdings rose by Rs 23.50 to Rs 302.20, Centrum Capital rose by Rs 2.92 to Rs 38.36, Kalyani Invest rose by Rs 265.65 to Rs 3988.50, PNB rose by Rs 8.50 to Rs 135.20, Mannapuram Finance rose by Rs 10.30 to Rs 194.05, Angel One rose by Rs 158.60. Rs 0 increased to Rs 3170.25, Prudent Advisor It rose by Rs 66.35 to Rs 1330, Edelweiss rose by Rs 3 to Rs 73.40, Tata Investment Corp rose by Rs 344.10 to Rs 7226.45.
Aggressive rise in PSU stocks: Mazagon Dock up from Rs 240 to Rs 2235: Cochin Shipyard, Nalco up
Among PSU stocks, defence-shipping PSU frontline stocks were buying funds again today. Mazagon Dock price increased by Rs 240.50 to Rs 2235.30, Cochin Shipyard price increased by Rs 88.30 to Rs 1073.10, KIOCL price increased by Rs 26.40 to Rs 450.90, NALCO price increased by Rs 8.45 to Rs 174.60, MMTC price increased by Rs 8.45 to Rs 174.60. .3.66 Rupee rose by Rs 76.87, Central Bank by Rs 2.43 to Rs 65.62, GAIL by Rs 5.90 to Rs 189.15, RCF by Rs 4.45 to Rs 144.60, Power Finance by Rs 9.75 to Rs 189.15. At Rs 417.30, REC rose by Rs 10.40 to Rs 473.90.
Net sale of shares by FPI/FII was Rs. 2214 Crore: Net purchases by DIIs amount to Rs. 1102 crores
Foreign portfolio investors-FPIs, FIIs made a net sale of shares worth Rs 2213.56 crore in cash today-Wednesday. There were sales of Rs 16,026.33 crore against total purchases of Rs 13,812.77 crore. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 1102.41 crore in cash today. There were sales of Rs 11,934.84 crore against total purchases of Rs 13,037.25 crore.
Investors' wealth increased by Rs 1.77 lakh crore to Rs 397.35 lakh crore.
Today, due to the rise in many shares, the total market capitalization of BSE listed companies i.e. the total wealth of investors increased by Rs 1.77 lakh crore to Rs 397.35 lakh crore in a single day.