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Mumbai: In the global markets, after the rise in America yesterday and the end of cash segment in the stock markets in the financial year 2023-24, today on the first day of the new financial year 2024-25, funds, maharathi, players high net worth investors witnessed index based turmoil. Created a stir, intra-day Sensex at 74000 and Nifty at 22500. After crossing the surface, many stocks again saw a rise. Funds bought heavily in large cap shares. Aggressive buying was done in Finance, Banking, Automobile, Power, Healthcare, FMCG, Capital Goods, Cement frontline stocks. Of course, yesterday's stormy gains based on the Goldman Sachs report resulted in profit-booking in shares of Reliance Industries, which was the star performer, and finally, gains were capped by profitable selling in stocks including State Bank. In the initial stormy rise, the Sensex jumped 1,194 points to 74,190.31 and closed 655.04 points higher at 73,651.35. Nifty 50 spot rose 392.35 points to 22516 and finally closed at 22326.90 with a gain of 203.25 points.
Capital goods index rises 925 points: Suzlon, LG Equipment, Honeywell, Finolex rise
BSE Capital Goods index closed 924.85 points higher at 60943.12 as funds continued aggressive buying in capital goods stocks today. Suzlon NG rose by Rs 1.92 to Rs 40.47, Finolex Cables rose by Rs 25.95 to Rs 1001, GMR Airports rose by Rs 1.86 to Rs 81.62, Bharat Forge rose by Rs 23.90 to Rs 1135, Larsen & Toubro rose by Rs 68 to Rs 3774.10.
Auto index up 578 points: Sundaram up Rs 48, Hero up Rs 146, Eicher Motors up Rs 110
Today, due to widespread rise in the shares of automobile companies, BSE Auto Index increased by 578.52 points and closed at 49142.11. Sundaram rose by Rs 48.10 to Rs 1107.10, Hero MotoCorp rose by Rs 146.60 to Rs 4717.20, Eicher Motors rose by Rs 109.80 to Rs 4024.25, Mahindra & Mahindra rose by Rs 42.45 to Rs 1921.35, Cummins India rose by Rs 54.35 to Rs 3021.75, Tata Motors Ashok increased by Rs 14.20 to Rs 993 Leyland rose by Rs 2.25 to Rs 171.15, MRF 1615 by Rs 1.30 at Rs 1,33,500.
Interest in small, midcap stocks increased, but caution in many stocks: Tiv: 2042 shares closed negative
There was a rise in small, midcap and cash stocks today. Of course, market sentiment was negative as the number of shares outstanding remained high. Out of the total 3938 stocks traded on BSE, the number of declining stocks was 2042 and the number of gaining stocks was 1793.
Profit booking after initial rise in finance stocks: Bajaj Finserv, State Bank, Tata Investments gained.
Profit-booking was seen by bounce funds after today's aggressive rally in financial services, banking stocks. Bajaj Finserv went up to Rs 1669 and finally rose by Rs 61.85 to Rs 1643.05, Bajaj Finance went up to Rs 7349.65 and finally rose by Rs 217.15 to Rs 7240.35. IOB rose by Rs 3.08 to Rs 59.98, UCO Bank rose by Rs 2.65 to Rs 52.22, Bank of Maharashtra rose by Rs 3.10 to Rs 62.29, Tata Investment Corporation rose by Rs 297.25 to Rs 6242.55. Indian Bank rose by Rs 21.05 to Rs 521.30, Anand Rathi rose by Rs 135.15 to Rs 3720, LIC Housing rose by Rs 19.40 to Rs 611.05.
Bankex rises 436 points: State Bank rises Rs 19 to Rs 753: BOB, ICICI Bank rise
Banking stocks rose today led by State Bank. The price of State Bank of India went up to Rs 759.55 and finally increased by Rs 18.55 to Rs 752.60. Bank of Baroda rose by Rs 5.35 to Rs 264.20, ICICI Bank rose by Rs 11.75 to Rs 1095.75, IndusInd Bank rose by Rs 15.95 to Rs 1549.10, Kotak Mahindra Bank rose by Rs 10.15 to Rs 15. .1785, HDFC Bank rose by Rs 7.50 to Rs 1448.20. BSE Bankex index closed 435.79 points higher at 53515.19.
Suven Pharma rises by Rs 40 to Rs 680: Piramal Pharma, Wockhardt, Caplin, RPG Life, Copern rise
Today, BSE Healthcare index closed 408.96 points higher at 35052.84 points due to widespread inflows of funds into shares of healthcare-pharmaceutical companies. Suven Pharma rose by Rs 40.40 to Rs 680, Caplin Labs rose by Rs 70.05 to Rs 1330, Piramal Pharma rose by Rs 6.55 to Rs 128.90, Wockhardt rose by Rs 27.75 to Rs 583.55, Indraprastha Medi rose by Rs 7.75 to Rs 583.55. 171.75, RPG Life increased by Rs 57.50 to Rs 1530, Coproan increased by Rs 8.95 to Rs 255.95, IPCA Labs increased by Rs 41.85 to Rs 1240, Sanofi India increased by Rs 244.05 to Rs 8198.15, Kovai Medical increased by Rs 109.15 to Rs 3760.
Tata Steel, Jindal Steel, JSW Steel, NMDC, APL gain traction among metal stocks
Metal-mining stocks were also undervalued by funds today. Tata Steel increased by Rs 3.05 to Rs 155.90, Jindal Steel increased by Rs 15.95 to Rs 849.75, JSW Steel increased by Rs 14.65 to Rs 832.45, NMDC increased by Rs 2.65 to Rs 201.70, APL Apollo increased by Rs 17.15 to Rs 1491.15, Coal India increased by Rs 3 to Rs 433.75, Hindal Rs 2.90 It increased to Rs 560.45.
Reliance profit booking down by Rs 11 to Rs 2977: ONGC, BPCL, HPCL rise
There was a surge in profit booking in oil-gas stocks yesterday after the bullish report of Goldman Sachs, after which Reliance Industries fell by Rs 11.05 to Rs 2,976.80. While ONGC rose by Rs 6 to Rs 267.85, BPCL rose by Rs 8 to Rs 603, HPCL rose by Rs 5.15 to Rs 475.80, IOC rose by Rs 1.50 to Rs 167.75. BSE Oil-Gas Index closed 233.96 points higher at 27644.48.
Market cap in shares: Investors' wealth increased by Rs 3.33 lakh crore to Rs 386.97 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 3.33 lakh crore to Rs 386.97 lakh crore in a single day.