Monday , September 25 2023
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Sensex fell 242 points to 67597

Mumbai: Amid reports of deepening property crisis in China, the fall in shares of Chinese companies in Hong Kong’s stock markets and the continuous rise in the price of crude oil at the international level are showing signs of inflation becoming a problem again for the global economy. Indian stock markets fell in line with the decline in markets in Asia and Europe. America will hold a meeting on the inflation situation this week. Funds remained cautious today on interest rate cues from the Federal Reserve and Bank of Japan meetings. Sensex fell 241.79 points to 67596.84 and Nifty 50 spot index fell 59.05 points to 20133.30 due to selling in fund IT-software services, metal-mining, banking frontline stocks against attraction in automobile, consumer durables stocks. With this, the continuous improvement in Sensex for 11 days came to a halt. Small and medium stocks witnessed widespread profit selling today.

IT index down 261 points: AxisCAD, BirlaSoft, Zensar, Persistent, KPIT fall

Today there was massive selling in IT-software services, technology stocks. Axiscades Techno fell by Rs 19.55 to Rs 520, Birlasoft fell by Rs 15.50 to Rs 488.75, KPIT Technology fell by Rs 31.40 to Rs 1139.40, Datamatics Global fell by Rs 15.40 to Rs 580. .40, Send 37.75 to Rs 1674.30, percentage fell by Rs 118.80 to Rs 5843.90, black box fell by Rs 2.95 to Rs 192.95, Quick Hill fell by Rs 3.25 to Rs 222, Rs 20.25 falls to Rs 1492, coforgered Rs 74.655 Rs 5538.90, Wipro fell by Rs 4.65 to Rs 436.45. BSE IT index fell 261.11 points to close at 33207.19.

Metal stocks soften in China: Hindalco, Jindal, Nalco, Tata Steel, JSW Steel fall

Funds’ excessive buying of metal-mining stocks began to ease amid new uncertainty following the property crisis in China. Hindalco down Rs 13.45 to Rs 484.05, Jindal Steel down Rs 10.10 to Rs 701.90, NALCO down Rs 1.19 to Rs 96.07, Tata Steel down Rs 1.60 to Rs 130.45, JSW Steel down Rs 4.70 to Rs 807.70. BSE Metal Index closed 209.57 points down at 23270.61.

PSU Bank Stocks Up: IOB, UCO Bank Gainers: HDFC Bank, Kotak, Fed Selloff

Among banking-finance stocks today, funds in PSU bank stocks were broadly bullish. Whereas profit booking was seen in private bank shares. IOB was up by Rs 7.05 at Rs 46.55, UCO Bank was up Rs 6.06 at Rs 46.48, Central Bank of India was up Rs 4.67 at Rs 51.70, State Bank of India was up Rs 5.55 at Rs 603.95. While HDFC Bank fell by Rs 32.85 to Rs 1629.05, Federal Bank fell by Rs 2.10 to Rs 146.10, Kotak Mahindra Bank fell by Rs 18.45 to Rs 1797.50. The BSE Bankex index fell 233.55 points to close at 51611.36.

Auto index jumps 312 points: Mahindra up by Rs 42 at Rs 1643: TVS, Bajaj rise

Select funds were making heavy purchases in shares of automobile companies today. This fund was being raised in the hope of increasing the profitability of companies in the hope of increasing vehicle purchases during the festive season. Mahindra & Mahindra rose by Rs 42.35 to Rs 1643.25, TVS Motor rose by Rs 21.25 to Rs 1523, Hero MotoCorp rose by Rs 41.25 to Rs 3105, Tube Investments rose by Rs 37.35 to Rs 3342. 80, Tata Motors rose by Rs 6.45 to Rs 640.60, Bajaj Auto rose by Rs 45.05 to Rs 5177.15. BSE Auto Index closed 311.63 points higher at 37472.64.

Reliance’s profit booking fell by Rs 24 to Rs 2436: Bharti Airtel, UltraTech Cement also fell.

Among the major Sensex stocks today, Reliance Industries fell by Rs 24.05 to close at Rs 2436, Bharti Airtel fell by Rs 16.05 to close at Rs 920.40, UltraTech Cement fell by Rs 118.60 to close at Rs 8609.10.

Market breadth negative due to profit booking in small cap, mid cap, cash stocks: 2143 shares closed negative

Funds put the brakes on Sensex, Nifty based record gains today as market breadth turned negative due to profit booking in many small, mid cap, cash stocks. Of the total 3804 stocks traded on BSE, the number of gainers was 1642 and the number of decliners was 2143.

FPI/FII invested Rs. Made net sale of Rs 1236 crore: DII sold shares worth Rs. Made net purchases of Rs 552 crore

Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 1236.51 crore in cash today-Monday. There was sale of Rs 8756.85 crore against total purchase of Rs 7520.34 crore. While DII-domestic institutional investors made net purchase of shares worth Rs 552.55 crore. There was a sale of Rs 7544.53 crore against the total purchase of Rs 8097.08 crore.

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