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Mumbai: Frontline, index heavyweights Asian Paints, Titan started the week on a negative note with IT, metal-mining, banking stocks falling today. After record rise, global markets also fell today. Funds became cautious due to the decline in the markets of Asia and Europe. Inflation data to be released in America There was global alertness due to the possibility of Federal Reserve cutting interest rates. In Indian stock markets, the funds held Asian Paints, Titan Company, Bharti Airtel as well as Tata Steel, JSW Steel in metal stocks and TCS, Tech Mahindra in IT stocks. Along with Infosys, Axis Bank and Kotak Bank were also sold in banking stocks. Finally, Sensex closed 352.67 points down at 72790.13 and Nifty spot closed 90.65 points down at 22122.05.
IT index 409 points, TCS Rs 52, Persistent Rs 220, Tech Mahindra Rs 24
BSE IT index fell 409.49 points to close at 38218.82 as funds booked big profits in IT-software services, technology stocks today. TCS fell by Rs 51.55 to Rs 4000.40, Tech Mahindra fell by Rs 24 to Rs 1297.80, Persistent fell by Rs 220.30 to Rs 8431.95, 63 Moons Technology fell by Rs 14.85 to Rs 497.30. Ampus fell by Rs 48.90 to Rs 2675.90, LTI Mindtree fell by Rs 78.20 to Rs 5466.05, Infosys fell by Rs 18.35 to Rs 1658.65, HCL Technology fell by Rs 17.70 to Rs 1648, Wipro fell by Rs 3.85. to Rs 532.20.
Increasing competition in the paint industry; Asian Paints falls by Rs 116; Titan, sold at Blue Star
Asian Paints today closed at Rs 2,868.40, down Rs 116.40, amid speculation of increased competition from Aditya Birla Group's large-scale entry in the paint industry. While Blue Star fell by Rs 31.70 to Rs 1261.50, Titan Company fell by Rs 71.90 to Rs 3621.05, CG Consumer fell by Rs 5.20 to Rs 288.05, Whirlpool of India fell by Rs 12.40 to Rs 40. .1262. The BSE Consumer Durables index closed 641.71 points down at 50,795.84.
Funds facilitate bullish trading in metal stocks; SAIL, Hindalco, Tata Steel, Jindal Steel declined
BSE Metal index fell 347.30 points to close at 27049.31 as funds reduced bullish trade in metal-mining stocks today. SAIL falls to Rs 3.85 to Rs 124.20, Hindalco fell by Rs 13.20 to Rs 505.05, Tata Steel fell by Rs 2.90 to Rs 142.60, NMDC falls at Rs 3.55 to Rs 234.95, JSW Steel fell by Rs 11.95 to Rs 809, Vedanta fell at Rs 265.25 to Rs 265.25. Went.
Alkem Lab falls Rs 359 on Rs 1,000 crore tax report; Mankind, dishman faltered
Funds witnessed heavy selling in shares of healthcare-pharmaceutical companies today. Alkem Laboratories fell Rs 359.30 to Rs 5060.30, Mankind Pharma fell Rs 88.60 to Rs 2064.85, Dishman Carbogen fell Rs 7.85 to Rs 237 amid reports of tax charges worth Rs 1,000 crore. 75, Metropolis fell by Rs 54.85 to Rs 1691, Morpen Lab fell by Rs 1.57 to Rs 51.83, Sun Pharma Advance fell by Rs 9.15 to Rs 349.10, Novartis India fell by Rs 22.90 to Rs 995.70, Bliss GVS fell by Rs 2.60 to Rs 129.65.
Profit-booking in banking stocks; AU Small Bank, Axis Bank, Kotak Bank, ICICI declined
Today, due to profit booking in banking-finance shares, BSE Bankex index fell 281.57 points and closed at 52913.82. AU Small Finance fell by Rs 11.60 to Rs 588.10, Axis Bank fell by Rs 13.20 to Rs 1084.30, Kotak Mahindra Bank fell by Rs 15 to Rs 1709.80, Indus Bank fell by Rs 10.85 to Rs 1470.25. , While HDFC Bank increased by Rs 13 to reach Rs 1433.90. With this, New India Assurance fell by Rs 11 to Rs 268.55, Bandhan Bank fell by Rs 6.55 to Rs 201.85, General Insurance fell by Rs 10.25 to Rs 410.85.
Attraction in shares of capital goods; Bharat Forge up by Rs 43, Larsen up by Rs 80, Grindwell Noten up by Rs 38
Among capital goods stocks, BSE Capital Goods index closed 475.59 points higher at 57207.70 as funds continued buying. Bharat Forge rose by Rs 43.35 to Rs 1175.95, Sona BLW rose by Rs 16.35 to Rs 665.25, Larsen & Toubro rose by Rs 80 to Rs 3469.80, Grindwell Noten rose by Rs 37.90 to Rs 2173.80. Siemens rose by Rs 26.65 to Rs 4564.40, Hindustan Aeronautics rose by Rs 8.70 to Rs 3053.55.
Small, mid-cap, cash stocks surge in profitable broad selloff; 2268 shares closed with decline
The market for small, mid cap, cash stocks turned negative today due to massive profit selling amid rally in many stocks. Out of the total 4018 shares traded on BSE, the number of gainers decreased to 1710 and the number of decliners increased to 2268.
Investor's asset-market cap. Rs 1.02 lakh crore reduced to Rs 392.02 lakh crore
The week started on a dull note today, Sensex, Nifty based fall and heavy selling in small, mid cap, A group shares led to fall in many stocks, investors' wealth i.e. total market capitalization of BSE listed companies stood at Rs 1.02 lakh. fallen. Today in a single day it became Rs 392.02 lakh crore.
Net sale of shares by FPIs/FIIs worth Rs 285 crore; DII net sales Rs 5 crore
Foreign portfolio investors – FPIs, FIIs made a net sale of Rs 285.15 crore in cash today on Monday. There were sales of Rs 12,810.46 crore against total purchases of Rs 12,525.31 crore. While DII-domestic institutional investors saw net selling of shares worth Rs 5.33 crore today. There was a sale of Rs 8532.15 crore against the total purchase of Rs 8526.82 crore.