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Mumbai: The slowdown in global markets has cooled down and the US, Europe, Asia markets continued to rise for the second consecutive day. Nifty again touched the level of 24000 today due to continuous buying by domestic institutional investors, mutual funds against the continuous selling by foreign portfolio investors. When the Sensex again moved towards 80000. After last Friday's Black Friday and Monday's Black Monday, many investors were shocked by the slowdown, stock funds today rallied in automobile, steel-metal, mining, banking-finance, power-capital goods, IT frontline stocks. In the end, the Sensex jumped 874.94 points to close at 79468.01 and the Nifty 50 spot jumped 304.95 points to close at 24297.50.
Auto stocks rise again: Cummins rises Rs 217 to Rs 3737: Motherson, TVS Motor, Maruti rise
After huge losses in last two days, shares of automobile companies witnessed full recovery today due to aggressive buying. Cummins India rose by Rs.217.05 to Rs.3737.05, Motherson Sumi rose by Rs.5.60 to Rs.180.90, TVS Motor rose by Rs.79.05 to Rs.2574, Exide rose by Rs.14.60 to Rs.496.30, Bajaj Auto rose by Rs.258.70 to Rs.12,376.10, Mahindra & Mahindra rose by Rs.51.30 to Rs.2682.60, TI India rose by Rs.74 to Rs.4083.25, Balkrishna Industries rose by Rs.57 to Rs.3205.60, Tata Motors rose by Rs.11.60 to Rs.1025.25. BSE Auto index rose by 1039.58 points to close at 56583.23.
Metal index climbs 1046: Coal India, SAIL, Vedanta, JSW Steel, Tata Steel gain
Also in metal – mining stocks, the BSE Metal index jumped 1045.61 points to close at 31401.02 today as funds bought heavily in favour of stocks. Coal India rose by Rs 32.65 to Rs 531.75, SAIL rose by Rs 6.25 to Rs 141.70, Vedanta rose by Rs 18.90 to Rs 432.50, NALCO rose by Rs 6.90 to Rs .45, NMDC rose by Rs 6.90 to Rs .45, NMDC rose by Rs 6.25 to Rs 228.90, JSW Steel rose by Rs 23.05 to Rs 907, Hindalco rose by Rs 14.70 to Rs 624.80, Tata Steel rose by Rs 3.60 to Rs 153.85.
Oil India up Rs 47 to Rs 618: ONGC up Rs 23: GAIL, IOC, Reliance rise
International crude oil prices rose sharply again, New York-Nymex crude rose $1.14 to $74.34, Brent rose $1.20 to $77.68, oil-gas stocks surged. There was heavy buying in special exploration stocks. Oil India rose Rs 46.65 to Rs 617.95, ONGC rose Rs 22.75 to Rs 328.95, IOC rose Rs 5.40 to Rs 172.30, GAIL India rose Rs 10.50 to Rs 233.45, BPCL rose Rs 5.50 to Rs 233.45, Petroleum Corporation rose Rs 9.20 to Rs 343.70, HPCL rose Rs 10.60 to Rs 396.70, Petronet LNG rose Rs 7.10 to Rs 363.40, Reliance Industries rose Rs 40 to Rs 2929.20. BSE Oil-Gas index rose 1157.11 points to close at 31995.62.
Capital Goods index jumps 2027 points: BHEL rises Rs 17: ABB, Larsen rise
In capital goods stocks, the BSE Capital Goods index jumped 2,027.03 points to close at 72,188.42 as funds surged again today. BHEL rose by Rs 17.30 to Rs 304.60, GMR Airports rose by Rs 5.10 to Rs 97.10, ABB India rose by Rs 402.55 to Rs 7872.55, Hindustan Aeronautics rose by Rs 228.25 to Rs 4741.60, Suzlon NG rose by Rs 3.31 to Rs 69.57, Polycab rose by Rs 302.20 to Rs 6707.70, Praj Industries rose by Rs 26.40 to Rs 678, Rail Vikas Nigam rose by Rs 19.80 to Rs 565.85, Siemens rose by Rs 228.45 to Rs 6818, Larsen & Toubro rose by Rs 66.30 to Rs 3645.
Jagshanpal Pharma gains Rs 34 to Rs 396: Supriya Life, Thyrocare, Piramal Pharma, Unichem gain
Funds made aggressive buying purchases in stocks of healthcare-pharmaceuticals companies today. Jagsonpal Pharma rose Rs 33.60 to Rs 395.65, Supriya Life rose Rs 35.60 to Rs 423.30, Suven Life rose Rs 9.80 to Rs 138.90, Thyrocare rose Rs 56.05 to Rs .807, Piramal Pharma rose Rs 12.40 to Rs 179.45, Unichem Lab rose Rs 39.30 to Rs 586.50, Ajanta Pharma rose Rs 154.35 to Rs 3938.80, Wockhardt rose Rs 35 to Rs 890.20, Natco Pharma rose Rs 35 to Rs 890.20 and BSE rose Rs 64.80 to Rs 1414.15. The BSE Healthcare index rose 812.29 points to close at 40834.33.
Small, midcap stocks rise: Smallcap index gained 1244 points, Midcap index gained 1200 points
Market sentiment turned positive as funds, players again made aggressive purchases in small, mid cap, cash stocks today. Out of total 4031 stocks traded on BSE, gainers were 2986 and losers were 947. BSE Small Cap index rose 1244.12 points to close at 53278.93 and BSE Mid Cap index rose 1200.28 points to close at 46830.57.
Investors' wealth in stock-market cap increased by Rs 8.98 lakh crore to Rs 448.57 lakh crore
Funds, players, high net worth investors again in stocks today After the universal stormy rally, the prices of many stocks rose, the wealth of investors i.e. the total market capitalization of companies listed on BSE increased by Rs 8.98 lakh crore today. Rs 448.57 lakh crore in a day.
Net sale of shares by FPIs/FIIs Rs.3315 crore: Net purchase by DIIs Rs.3801 crore
Foreign Portfolio Investors – FPIs, FIIs made a net sale of shares worth Rs 3314.76 crore in cash today on Wednesday. Total sales of Rs 17,409.53 crore were made against purchase of Rs 14,094.77 crore. While DII-Domestic Institutional Investors made a net purchase of Rs 3801.21 crore in cash today. Total sales of Rs 12,269.66 crore were made against purchase of Rs 16,070.87 crore.
Global markets up: Nikkei up 414: European markets surge big: Dow Jones, Nasdaq surge
The global markets registered a strong rise for the second consecutive day today. In the Asia-Pacific countries, Japan's Nikkei 225 index rose by 414.16 points to 35089.62, Hong Kong's Hang Seng rose by 230.52 points to 16877.86. In the European markets in the evening, the German index rose by 212 points, the London Stock Exchange's Futsi 100 index rose by 109 points, and France's CAKE 40 index rose by 111 points. In the American stock markets, the Dow Jones rose by 325 points and the Nasdaq rose by 255 points in the evening futures trading.
