look news india
Mumbai: After the huge increase in duty on the import of Chinese electric vehicles by America, now after the meeting of Russian President Putin with Chinese President Xi Jinping, the closeness between the two countries is increasing and is expected to increase. Due to geopolitical tension on China and fear of increasing geopolitical tension in global markets, the three-day long decline in Indian stock markets was put to rest today. There was selling in automobile, FMCG frontline stocks. Despite Bharti Airtel's weak results, strength and attractiveness in oil-gas, capital goods, power, banking stocks prevented major losses. Sensex closed 117.58 points down at 72987.03 and Nifty closed 17.30 points down at 22200.55. Of course, small, midcap stocks were bullish today.
Despite weak results, Bharti Airtel rose by Rs 26 to reach Rs 1312.
While Bharti Airtel's quarterly results yesterday were weak overall, the stock rose Rs 26.35 to Rs 1311.75 due to a positive outlook from some analysts. Power Grid Corp was up by Rs 5 at Rs 314.20, NTPC was up Rs 5.50 at Rs 361.35, Larsen & Toubro was up Rs 31.35 at Rs 3410.15, HCL Technology was up Rs 12.75 at Rs 1333.55. While Asian Paints fell by Rs 52.65 to Rs 2812.95, HDFC Bank fell by Rs 22.95 to Rs 1438.85, Sun Pharma fell by Rs 17.05 to Rs 1528.20.
Among auto shares, Bosch fell by Rs 918 to Rs 30,987.
Today, there was profit booking in the shares of automobile companies, Bosch fell by Rs 918.05 to Rs 30,987.95, Tata Motors fell by Rs 17.50 to Rs 947.20, Eicher Motors fell by Rs 77.25 to Rs 4650. Motors fell by Rs 30.75 to Rs 3103.40. While Cummins India rose by Rs 113.75 to Rs 3686.20, Sundaram rose by Rs 60.20 to Rs 1206.15.
Capital Goods Index jumped 1346 points
Aggressive buying continued in major capital goods stocks today. Thermax rose Rs 380.70 to Rs 5073.15, shares rose Rs 466.40 to Rs 7120, TeamCan rose Rs 259.20 to Rs 3989 on the allure of Siemens' approval to spin off its NG unit into a newly listed company, SKF India rose Rs 3989. . ₹305.05 rise to Rs 5316.65. BSE Capital Goods Index closed at 64454.19, up 1346.31 points.
Sale by FPI/FII worth Rs 2833 crore
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 2832.83 crore in cash today on Wednesday. There were sales of Rs 14,244.87 crore against total purchases of Rs 11,412.04 crore. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 3788.38 crore in cash today. There were total sales of Rs 9126.98 crore against total purchases of Rs 12,915.36 crore.