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Mumbai: The days of youth are over in the Indian stock markets and many investors have lost their capital. In global markets, Sensex, Nifty based volatility continued to ease towards the end of the week, with Asian markets remaining subdued on caution ahead of the release of US employment data. The portfolios of many retail investors who were deprived of profit booking due to continuous fall in Sensex, Nifty, especially small, midcap and cash stocks, got ruined. The days of negative returns are over for many stocks. Many investors became disappointed as portfolio returns turned negative.
Due to increase in dollar and crude oil, funds started investing in shares.
International crude oil prices rose sharply, with Brent rising two dollars to near $79 and Nymex also nearing $76. The rupee hit a new low against the US dollar due to the dire situation in industries. Attraction in IT stocks today capped major losses in Sensex, Nifty-based as TCS reported good quarterly results. The Sensex fluctuated between 77099 and 77920 and finally fell 241.30 points to close at 77378.91. While Nifty 50 spot fluctuated between 23597 to 23344 and finally fell by 95 points to close at 23431.50.
IT index rises to 1140: TCS rises by Rs 229: Tech Mahindra, HCL gain
Among IT-software services, technology stocks, TCS again performed well with funds rallying with short covering. BSE IT index closed at 44133.03, up 1140.59 points. TCS shares rose Rs 228.90 to Rs 4265.55 on the back of 12 per cent profit growth and higher dividend attractiveness. LTI Mindtree rose by Rs 286.35 to Rs 6125, Tech Mahindra rose by Rs 59.70 to Rs 1703, HCL Technology rose by Rs 60.50 to Rs 1995.60, Wipro rose by Rs 8.45 to Rs 300.60, Infosys rose by Rs 48.90 to Rs 1966.70, Sustainable Systems this Rs 145.10 increased to Rs 6321, Coforge increased by Rs 190.70 to Rs 9467.50, Emphase increased by Rs 41.95 to Rs 2915.05, Signity increased by Rs 17.50 to Rs 1685.
Healthcare index falls 1060 points: Piramal Pharma Rs 16, Kovai Rs 468, Sastasundar Rs 24
The condition of health care-pharmaceutical companies deteriorated and many stocks were left with a gap. BSE Healthcare index fell 1060.05 points to close at 43715.70. Kovai Medi fell by Rs 468 to Rs 5648.95. Sastasundar fell by Rs 23.65 to Rs 290.20, Piramal Pharma fell by Rs 15.60 to Rs 221.65, Thyrocare fell by Rs 54.10 to Rs 861.75, Indraprastha Medi fell by Rs 30.45 to Rs 494.15, Marksons RPG Life fell by Rs 14.30 to Rs 260.20. Rupee fell by Rs 107.10 to Rs 2113.05, Hester Bio fell by Rs 120 to Rs 2223, APL Ltd. It fell by Rs 45.95 to Rs 1008.95, Laurus Lab fell by Rs 29.95 to Rs 583.50.
Fuels of the Great Recession: Exceptional gap in small, mid-cap stocks: 3167 stocks closed negative
Sensex, Nifty based volatility ended marginally lower today with signs of a major bearish trend today as market conditions continued to be hit by selling at large intervals by players, retail investors along with funds in small, mid cap, cash stocks. It got spoiled. Out of the total 4078 stocks traded on BSE, the number of gainers was only 827 and the number of decliners was 3167.
Capital goods fell by Rs 1123, INOX fell by Rs 8, BHEL fell by Rs 12, Thermax fell by Rs 150, Cummins fell by Rs 108.
BSE Capital Goods Index closed 1123.04 points lower at 64232.65 today due to continued selling in Capital Goods-Power shares. BHEL fell by Rs 11.90 to Rs 204.50, Inox Wind fell by Rs 7.65 to Rs 155.35, Titagraha fell by Rs 50.95 to Rs 1039.20, RVNL fell by Rs 17.30 to Rs.393, CG Power fell by Rs 28.60 to Rs 650.30, Suzlon Fell Rs 2.33 to Rs 55.58, Thermax fell Rs 150.10 to Rs 3750, NBCC fell Rs 3.27 to Rs 84.45, Finolex Cables fell Rs 40.20 to Rs 1046.60, Cummins India fell Rs 05 to Rs 2999.05, Kaltparu Power fell Rs 39.20. Came to Rs 1210.
Consumer stocks fall: Kalyan Jewelers down Rs 36, Rs 626 down: Voltas, Supreme, Blue Star fall
Shares of consumer durables companies also declined today due to continuous selling. Kalyan Jewelers fell by Rs 36.20 to Rs 626.55, Voltas fell by Rs 62.45 to Rs 1665.60, Supreme Industries fell by Rs 141.40 to Rs 4525.60, Crompton Greaves fell by Rs 9.25 to Rs 361.05, Blue Star fell by Rs 47.85 to Rs 1967.95. Rs, Havells India fell by Rs 33 to Rs 1597.10, Titan fell by Rs 48.70 to Rs 3439.35, Dixon Technology fell by Rs 146.05 to Rs 16,689. BSE Consumer Durables Index fell 1259.91 points to close at 62346.95.
Auto index fell 666 points: TI India fell by Rs 111, Apollo Tire fell by Rs 14, Bosch by Rs 922.
BSE Auto Index fell 666.09 points to close at 52026.85 due to fresh selling by funds in shares of automobile companies. TI India down Rs 111.15 to Rs 3464, Apollo Tire down Rs 14 to Rs 461.90, Bosch down Rs 921.85 to Rs 31,878, Exide down Rs 8.35 to Rs 389.25, TVS Motor down Rs 44.25 to Rs 2282.50, Bharat Forge down Rs 19.05 ₹ 1208.10, MRF fell by ₹ 1820.85 to ₹ 1,17,94.70, Mahindra & Mahindra fell by ₹ 35.30 to ₹ 3092.05, Maruti Suzuki fell by ₹ 112.05 to ₹ 11,631.60.
Investors’ wealth in stock-market cap. Rs 5.82 lakh crore decreased to Rs 429.67 lakh crore
As a result of continuous weakness in Sensex, Nifty and fall in prices of many stocks like house of cards, the total wealth of investors i.e. total market capitalization of BSE listed companies reduced by Rs 5.82 lakh crore in a day. ₹429.67 lakh crore.
Huge net selling of Rs 2255 crore in cash by FPI/FII: Net buying of DII Rs 3962 crore
Foreign portfolio investors – FPI, FII made huge net sale of shares worth Rs 2254.68 crore in cash today. There were sales of Rs 12,351.70 crore against total purchases of Rs 10,097.02 crore. Whereas DII-Domestic Institutional Investors made net purchases of Rs 3961.92 crore in cash today. There were sales of Rs 10,331.81 crore against total purchases of Rs 14,293.73 crore.