look news india
Mumbai: Amid continued low turnout in the third phase of Lok Sabha elections, reports have predicted that the ruling party BJP will get fewer seats than expected, raising concerns about whether a stable government will be formed at the Center this time or not. saw its biggest fall in four months in index-based shares on the day of weekly expiry. In the face of continued heavy selling in stocks by Foreign Portfolio Investors (FPIs), buying by local funds, institutional investors slowed down, there was panic selling and retail investors also placed selling bets. Nifty lost 22000 level, while Sensex broke 72500 level. With this, the market remained in negative territory for the fifth consecutive day. On the global front, caution was exercised ahead of the Bank of England's interest rate decision and US unemployment claims announcement and results from State Bank of India including Larsen & Toubro were weaker than expected. Out of total 3943 stocks traded on BSE, the number of gainers was only 843 and the number of fall stocks was 2998.
Gap in Small Mid Cap Index
On corporate results, the fall intensified with funds falling in Larsen & Toubro, Reliance, ITC, Asian Paints, Bajaj Finance, IndusInd Bank. At one time Sensex fell by 1132.21 points and reached a low of 72334.18 points and finally fell by 1062.22 points and closed at 72404.17 points. While at one time the Nifty 50 spot fell by 370.10 points and reached a low of 21932.40, it finally closed at 21957.50 with a fall of 345 points. Capital goods, metal-mining, realty, healthcare, PSU, banking stocks witnessed big losses today along with Sensex, Nifty based losses. As small and mid-cap stocks gained momentum again, the BSE Small Cap index fell 1110.84 points to 45037.83 and the BSE Mid Cap index fell 835.40 points to 40696.17.
Capital goods index fell to 2121
Larsen & Toubro suffered a big fall in capital goods shares today. Larsen's quarterly results fell short of expectations of 15 per cent growth in full-year estimates for 2024-25, the stock rose to Rs 3276 from Rs 209.05, Jeffrey cut its price target to Rs 3970 from Rs 4135 and Motilal Oswal of Rs. 4000. .15 was done. BHEL fell by Rs 13.20 to Rs 273.10. BSE Capital Goods Index fell 2120.96 points to close at 60727.28.
Selling in oil and gas shares
Funds sold heavily in oil-gas shares today, BSE oil-gas index fell 968.16 points and closed at 27454.72. BPCL fell by Rs 28.40 to Rs 592.30, HPCL fell by Rs 21.80 to Rs 501.30, GAIL India fell by Rs 8.10 to Rs 193.10, ONGC fell by Rs 11.10 to Rs 265.70, Reliance Industries fell by Rs 50.15 to Rs 2786.80.
difference in psu shares
After heavy selling, today there was a fund gap in the shares of PSU companies also. KIOCL fell by Rs 30.35 to Rs 404.85, Engineers India fell by Rs 12.95 to Rs 213.75, NHPC fell by Rs 5.16 to Rs 93.68, Power Finance Corporation fell by Rs 22.90 to Rs 0.418. BSE PSU index fell 498.02 points to close at 19247.23.
Metal index fell 983 points
Metal-mining stocks also fell sharply today on reports of steel dumping in India due to metal stockpile situation in China, despite China's export data improving in April. NMDC fell by Rs 13.80 to Rs 253.05, SAIL fell by Rs 7.50 to Rs 153.15, Coal India fell by Rs 21 to Rs 443.35, Tata Steel fell by Rs 4.05 to Rs 162, Vedanta Hindalco fell by Rs 10.50 to Rs 394.60. Hindalco fell by Rs 14.40 to Rs 619.60.
Selling in FMCG shares
Due to heavy selling in FMCG shares today, BSE FMCG index fell 504.10 points and closed at 19647.53. Sula Vineyards fell by Rs 44.80 to Rs 496.90, Bajaj Consumer fell by Rs 19.75 to Rs 240.80, Kaveri Seed fell by Rs 52.20 to Rs 834.80, Godrej Agrovet fell by Rs 30.05 to Rs 555.95.
Banking-finance shares are on the rise
Funds were selling banking-finance stocks today. IndusInd Bank fell by Rs 41.60 to Rs 1402.20, HDFC Bank fell by Rs 33.90 to Rs 1448.30, IDFC First Bank by Rs 74.90, Axis Bank by Rs 13.65 to Rs 1115.20 while State Bank of India's quarterly net profit increased by 24 per cent to Rs 20,698 crore and Rs 14. The stock rose by Rs 9.25 to Rs 819.65 after declaring dividend per share.
DII purchases worth Rs 5642 crore
FIIs sold shares worth over Rs 6,994.86 crore in cash today, Thursday. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 5642.53 crore in cash today.
Investors lost Rs 7.35 lakh crore
Investors' wealth i.e. the total market capitalization of BSE listed companies sank by Rs 7.35 lakh crore in a day to Rs 393.34 lakh crore.