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Mumbai: In equities, Sensex, Nifty-based funds today showed overall stability with caution ending two-way volatility for the second consecutive day. On one hand, there is preparation for the holiday mood at the end of December 2024 and on the other hand, investors will start withdrawing money from mutual funds in the month of November, the market has started reacting to the effect of this. investment. Local fund stocks have seen increased selling as redemption pressure in mutual funds began to impact fund performance. Local funds are seen selling as compared to buying of shares by foreign portfolio investors. On the global front, reports that the US is considering reimposing fresh oil sanctions on Russia led to a selloff in foreign fund stocks amid a surge in crude oil prices. In the evening, Nymex-New York crude rose to $69.47 and Brent crude rose 81 cents to near $73. New major buying in stocks was halted as the US dollar rose today amid reports that China is preparing to weaken its currency Yuan.
Nifty spot fluctuated between 24692 and 24583 and finally rose 32 points to 24642.
Funds today traded in banking, metals, capital goods stocks against buying in select finance, FMCG, IT stocks. Sensex, which had fallen between 81384 and 81743, closed at 81526.14, up 16.09 points. While Nifty 50 spot hit between 24692 and 24583, Bajaj twins stock Bajaj Finance, FMCG stock Nestle India, Hindustan Unilever, oil-gas stock BPCL, UltraTech Cement and auto giant Maruti Suzuki Cement stocks closed up by 31.75 points. 24641.80.
Financial Services Stocks Up: Bajaj Twins, IRFC, Karnataka Bank, Motilal Gains
Funds bought broadly across financial services, banking stocks today. The price of Bajaj Finance increased by Rs 180.85 to Rs 7115.75, the price of Bajaj Finserv increased by Rs 20.55 to Rs 1684.60. IRFC rose by Rs 8.05 to Rs 164.85, IIFL Caps rose by Rs 13.50 to Rs 380.55, Motilal Oswal rose by Rs 32.55 to Rs 1009.45, Karnataka Bank rose by Rs 8.05 to Rs 227.15, Religare rose by Rs 7.50 to Rs 295.55, Jio Financial HDFC AMC rose by Rs 8.05 to Rs 343.05, HDFC AMC rose by Rs 85 to Rs 4542.85.
Low valuations in auto stocks: Cummins India, Sundaram Fasteners, Hero Moto, Bosch lifted
Funds were giving less preference to automobile company shares today. Cummins India price increased by Rs 78.50 to Rs 3603.65, Sundaram Fasteners price increased by Rs 24.35 to Rs 1175.55, Hero MotoCorp price increased by Rs 60.85 to Rs 4649.55, Ashok Leyland price increased by Rs 2.15 to Rs 231.05, Bosch price increased by Rs 2.15. It became Rs 231.05. ₹283.55 up to ₹36,215.80, Maruti Suzuki up ₹79.20 to ₹11,282.80, Bajaj Auto up ₹50 to ₹9066.75, MRF up ₹279.60 to ₹1,32,442.85.
Among capital goods stocks, Titagraha, Grindwell, RVNL, Carborundum, Thermax gained.
Today there was selling in front row stocks as opposed to selective buying in capital goods stocks. Titagra Wagon rose by Rs 81.85 to Rs 1313.35, Grindwell rose by Rs 84.35 to Rs 2245.55, RVNL rose by Rs 15.60 to Rs 474.20, Carborundum rose by Rs 44.30 to Rs 1383.75, Thermax rose by Rs 108.50 to Rs 4751.10 in India. Forge increased by Rs 19.20 to reach Rs 1379.30. Whereas CG Power fell by Rs 12.40 to Rs 783.25, Polycab fell by Rs 43 to Rs 7397.75, Larsen & Toubro fell by Rs 5.40 to Rs 3916. While Adani Green fell by Rs 28.15 to Rs 1148.10, NTPC fell by Rs 3.25 to Rs 365.55.
Funding in IT stocks: Xchange, 63 Moons, Latent View, D-Link India, Infosys raised
Funds in IT-software services, technology stocks, Maharathi continued to make selective purchases. Exchange rose by Rs 7.60 to Rs 120.50, 63 Moons Technology rose by Rs 43.70 to Rs 918.65, Latent View rose by Rs 21.05 to Rs 515.90, Explio rose by Rs 56.40 to Rs 1430.95. In Infosys, LINK India rose by Rs 16.05 to Rs 621.30, AFL rose by Rs 20 to Rs 1968.70, AFL rose by Rs 39.30 to Rs 1813.85.
Rise in FMCG stocks: VST, KRBL, Nestle, Marico, Britannia rise.
Valuations slipped today following selling in FMCG stocks following Godrej’s weak guidance two days ago. VST Industries rose by Rs 23.90 to Rs 363.85, KRBL rose by Rs 11.80 to Rs 319.50, Godfrey Philip rose by Rs 182.25 to Rs 5989.25, Marico rose by Rs 18.75 to Rs 632.75, Britannia rose by Rs 18.75 to Rs 632.75. .101.65 to Rs.4890.50, Dodla Dairy price increased by Rs.20.45 to Rs.1310.50, Nestle India price increased by Rs.27.25 to Rs.2242.90.
Consumer durables index rises 388 points: Havells India, Blue Star, Voltas rise
BSE Consumer Durables index closed 387.88 points higher at 66,494.79, with consumer durables stocks being the preferred buy today. Havells India rose by Rs 41.75 to Rs 1751.70, Blue Star rose by Rs 48.85 to Rs 2132.60, Voltas rose by Rs 30.75 to Rs 1797.80, Amber rose by Rs 67.35 to Rs 5789.05.
Net sales in cash by FPI/FII were Rs. 1012 crore: Net purchases of DIIs are Rs. 2008 crores
Foreign portfolio investors – FPIs, FIIs – sold stocks in cash again on Wednesday, with a net sale of shares worth Rs 1012.24 crore. There were sales of Rs 12,540.92 crore against total purchases of Rs 11,528.68 crore. While DII-Domestic Institutional Investors made net purchases of Rs 2007.85 crore in cash today. There were total sales of Rs 9388.36 crore against total purchases of Rs 11,396.21 crore.
Market breadth in small, mid-cap stocks assessed positive: 2,084 shares closed positive
Market trend today remained positive with selective buying in FMCG, IT, Auto, Cement stocks along with Small, Midcap, A group, attractive buying against caution at the end of Sensex, Nifty based two-way volatility. Of the total 4096 shares traded on BSE, the number of gainers was 2084 and the number of decliners was 1902.