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Mumbai: On one hand, there are reports of war between Israel and Hamas and on the other hand, BJP's hope of crossing 400 in the Lok Sabha elections will not be fulfilled and it will get less seats than the initial estimate. Today, the juggernauts continued to undercut the bullish trade by colluding with foreign funds. Along with this, a decline was also seen in the global markets of Japan, Hong Kong and China in Asia. Till now, big players managing the index, including local funds, have also exercised caution and avoided making new big purchases. Foreign funds continued to trade sharply on every bounce. Selling in FMCG, IT, cement frontline shares as well as banking-finance shares pushed the Sensex to a low of 73,073, once close to 73,000. At the beginning of the fall, there was a big fall due to the rise in auto stocks like Power, Reliance, Larsen etc. and finally closed at 73466.39, falling 45.46 points. Nifty fell 50 points to 22185.20 and closed at 22,302.50.
Bankex down 210 points: Bajaj Finance Twins down: HDFC, Paytm, Piramal wash
Funds continued profit-booking in banking-finance stocks today. Shares of Bajaj Finance fell by Rs 72.30 to Rs 6800.20, shares of Bajaj Finserv fell by Rs 12.30 to Rs 1601.85. HDFC Bank fell by Rs 24.20 to Rs 1482.20, Federal Bank fell by Rs 2.35 to Rs 157.25, IDFC First Bank fell by Rs 76.89, ICICI Bank fell by Rs 8.75 to Rs 1123. The BSE Bankex index fell 210.13 points to close at 54719.15. Paytm-One97 Communication fell by Rs 16.70 to Rs 317.45, Piramal Enterprises fell by Rs 33.70 to Rs 894.95, Canara Bank fell by Rs 18.75 to Rs 558.10, Mannapuram Finance fell by Rs 75 to Rs 180.85.
Capital goods index rises by 1311: Bharat Forge rises by Rs 168 to Rs 1408: ABB, Larsen rise
BSE Capital Goods index closed 1310.97 points higher at 62848.24 as funds again made aggressive buying in capital goods stocks today. Bharat Forge rose Rs 167.90 to Rs 1408.10, ABB India rose Rs 302.20 as Baba Kalyani rejected claims related to an affidavit filed in the court by his nephew and niece demanding that Baba Kalyani not receive any money related to the properties of Kalyani Hindu. Transactions were prevented. Undivided Family-HUF up by Rs 7190.05, Hindustan Aeronautics up by Rs 146.75 to Rs 3860.35, Thermax up by Rs 155.40 to Rs 4714.50, Siemens up by Rs 202.85 to Rs 6300.25, Larsen & Toubro up by Rs 52.4 It increased by Rs 0 to Rs 3485.20.
Investors' wealth in stock-market cap. Rs 2.26 lakh crore increased to Rs 400.69 lakh crore
Many stocks fell today due to Sensex, Nifty based weakness despite decline in small, mid cap stocks, Investor wealth i.e. total market capitalization of BSE listed companies increased by Rs 2.26 lakh crore in a day to Rs 400.69 lakh crore. .
IT index down 196 points: Sasken, Ratgain Travel, 63 Moons, Ramco Systems up
A mixed trend was seen in IT-software services, technology stocks today. Sonata Software fell by Rs 96.60 to Rs 540.80, Cressanda Solution fell by Rs 13.95, Protein Agarve fell by Rs 28.15 to Rs 1187.35, HCL Technology fell by Rs 16.70 to Rs 1314, Zensar Technology fell by Rs 7.05 to Rs 7.05. 602.60. While Saskan Technology increased by Rs 161.40 to Rs 1629.30, Rategain Travel increased by Rs 34.95 to Rs 704.85, 63 Moons Technology increased by Rs 14.60 to Rs 418.80, Ramco Systems increased by Rs 55 to Rs 373. BSE IT index fell 196.03 points to close at 34114.35.
Valuations with short covering in auto stocks: Hero MotoCorp, Tata Motors, Maruti Suzuki rise
After yesterday's heavy selling in shares of automobile companies, there was selective value buying with short covering today. Hero MotoCorp increased by Rs 146.20 to Rs 4624.35, Motherson increased by Rs 3.25 to Rs 128.65, Sundaram increased by Rs 25.85 to Rs 1151, Ashok Leyland increased by Rs 90 to Rs 198.45, Cummins India increased by Rs 67.30. Rs 3438.55 , Bosch rose by Rs 511.60 to Rs 30,107, MRF rose by Rs 1881.75 to Rs 1,26,400, Maruti Suzuki rose by Rs 1,26,400. It rose by Rs 173.90 to Rs 12,541, TVS Motor rose by Rs 25.50 to Rs 2006.15, Tube Investments rose by Rs 45.35 to Rs 4041.10. BSE Auto Index closed 596.91 points higher at 51140.26.
Metal index rises 497 points: Vedanta, SAIL, Hindalco, Jindal, NMDC gain
BSE Metal index closed 497.18 points higher at 31358 as funds remained favorite buys in metal-mining stocks today. The price of SAIL increased by Rs 4.50 to Rs 160.65, the price of Vedanta increased by Rs 9.25 to Rs 405.10, the price of Hindalco increased by Rs 14.30 to Rs 634.30, the price of NMDC increased by Rs 6 to Rs 266.85, the share price of Jindal Steel increased by Rs 6 to Rs 266.85. APL Apollo rose by Rs 21.20 to Rs 945.45, APL Apollo rose by Rs 33.70 to Rs 1578.35, Tata Steel rose by Rs 1.85 to Rs 166.05.
Short-term funds rise in oil-gas stocks: GAIL, Indraprastha, Petronet, BPCL, HPCL rise.
International crude oil prices fell sharply in the evening, with Brent crude falling 98 cents to $82.18 and New York-Nymex crude falling 97 cents to $77.41, led by short covering in oil-gas stocks. GAIL India increased by Rs 8.45 to Rs 201.20, Indraprastha Gas increased by Rs 14.55 to Rs 451.75, BPCL increased by Rs 16.65 to Rs 620.70, IOC increased by Rs 3.20 to Rs 163.20, HPCL increased by Rs 8.85 to Rs 523. Rs 10, ONGC 3.30 The BSE oil-gas index rose 498.68 points to close at 28,422.88, rising by Rs 276.80.
Valuation of small, mid-cap stocks reduced again, market scope positive: 2053 shares closed positive
After yesterday's heavy selloff in small, mid-cap stocks, the market spectrum turned from negative to positive as funds, players reinvested in select stocks today. Of the total 3926 stocks traded on BSE, the number of gainers was 2053 and the number of decliners was 1750.
Net sale of shares by FPI/FII was Rs. 6669 crore: Net purchases by DIIs amount to Rs. 5928 crores
Foreign portfolio investors – FPI, FII sold shares worth net Rs 6669.10 crore in cash today on Wednesday. There were total sales of Rs 18,653.64 crore against total purchases of Rs 11,984.54 crore. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 5928.81 crore in cash today. There were total sales of Rs 9404.45 crore against total purchases of Rs 15,333.26 crore.