look news india
Mumbai: US on the global front In a season of strength ahead of the Federal Reserve meeting last weekend and the corporate results season, positive factors like ICICI Bank's quarterly results and improvement in the banks' asset quality, as well as good results including UltraTech Cement, along with the local- Along with this, foreign funds were also brought forward today. Funds in banking, cement, infrastructure stocks ICICI Bank, State Bank of India led by UltraTech Cement led aggressive rally in indices Sensex, Nifty. Along with the bullish storm in banking stocks today, short covering was also done in Kotak Mahindra Bank, IndusInd Bank after last week's fall. While index leading stocks including TCS, UltraTech Cement, Sun Pharma, Larsen gained traction, Sensex jumped 990.99 points to 74721.15 intra-day and finally closed 941.12 points higher at 74671.28. While Nifty 50 spot jumped 235.85 points intra-day to close at 22655.80 and finally jumped 223.45 points to close at 22643.40.
Bankex index up 1475 points: ICICI up Rs 52, State Bank up Rs 25
Among banking-finance shares, the BSE Bankex index jumped 1,474.84 points to close at 56,081.13 as funds bought heavily today after the bank's results. Shares of ICICI Bank rose by Rs 51.65 to Rs 1158.80 as quarterly net profit increased by 17.4 percent. While AU Small Finance Bank rose by Rs 39.10 to Rs 638.90, State Bank of India rose by Rs 24.75 to Rs 826.15, IndusInd Bank rose by Rs 41.90 to Rs 1487.75, Axis Bank also had good results and attracted sustained buying by Rs 27.95 to Rs 1158. , Kotak Mahindra Bank stopped short covering by Rs 31.85 to Rs 1640.25, HDFC Bank rose by Rs 19.05 to Rs 1528.80, Bank of Baroda rose by Rs 4.55 to Rs 272.70.
Selective rise in auto stocks: Cummins up by Rs 63 at Rs 3303: TI India, Bosch, TVS rise
Shares of automobile companies also rose today. Cummins India increased by Rs 63.40 to Rs 3302.85, TI India increased by Rs 69.50 to Rs 29,279.70, Balkrishna Industries increased by Rs 24.45 to Rs 2397.80, TVS Motor increased by Rs 19.25 to Rs 2036.25, Mahindra & Mahindra 1 Increase of Rs 8.60 to Rs 2062.85, MRF 483.25 The rupee rose to Rs 1,30,752.60.
Limited movement in small, mid-cap stocks: 1982 shares closed positive, 1934 shares closed negative.
Market conditions remained marginally positive today with limited buying in small and mid-cap stocks and selling in many stocks amid volatile Sensex, Nifty based rally. Of the total 4088 stocks traded on BSE, the number of gainers was 1982 and the number of decliners was 1934.
Shares of UltraTech Cement rose by Rs 262 to Rs 9962 on 36 per cent profit and 700 per cent dividend.
Due to good quarterly results, funds today bought heavily in shares of cement and infrastructure companies. UltraTech Cement's quarterly net profit rose 36 per cent to Rs 2,258 crore and the board declared a dividend of Rs 70 per share (700 per cent), sending the stock up Rs 262.05 to Rs 9,962.25 on aggressive buying. With this, the price of Grasim Industries increased by Rs 42.65 to Rs 2388.05, the price of Shree Cement increased by Rs 26.75 to Rs 24,168.15, the price of JK Cement increased by Rs 4067.05, the price of Kakatiya Cement increased by Rs 4.45 to Rs 224, the price of Heidelberg Cement increased by Rs 4.45 to Rs 224.05. Gaya increased by Rs 1.80 to Rs 200.45.
Investor's asset-market cap. Rs 2.48 lakh crore increased to a new high of Rs 406.52 lakh crore
Despite limited buying in many group stocks, the market capitalization of BSE listed companies increased by Rs 2.48 lakh crore to a new high of Rs 406.52 due to Sensex and Nifty based gains against the rise in small and midcap stocks. Lakh crore reached record high today.
Capital goods stocks rise: Praj rises by Rs 24 to Rs 547: Finolex, Thermax, Viguard rise
Funds continued heavy buying in capital goods stocks today. Praj Industries rose by Rs 24 to Rs 546.90, Schaeffler rose by Rs 144.75 to Rs 3479.65, Finolex Cables rose by Rs 30.15 to Rs 1034.40, Thermax rose by Rs 86 to Rs 4452.75, Vigard rose by Rs. .3.50 up to Rs 346.10, Polycab up Rs 49.50 to Rs 5633.65, Larsen & Toubro up Rs 31.60 to Rs 3633.90, ABB India up Rs 42.65 to Rs 6451.70, Siemens up Rs 27.65 to Rs 5775.
Among PSU shares, Indian Bank, Bank of Maharashtra, NBCC, ITI, HPCL were up.
Funds continued to be interested in PSU shares even today. Indian Bank up by Rs 31.85 at Rs 558.45, Bank of Maharashtra up by Rs 3.50 at Rs 71.12, NBCC up by Rs 6.05 at Rs 142.30, ITI up by Rs 12.90 at Rs 305.65, Bank of India up by Rs 5.90 at Rs 156.75, Bank of India up by Rs 5.30 Price of HPCL increased by Rs 155.60, HPCL increased by Rs 14.50 to Rs 505.65, PFC increased by Rs 9.35 to Rs 415.60, IOC increased by Rs 1.89 to Rs 68.65, BPCL increased by Rs 9.30 to Rs 618.70.
Medicaman rises from Rs 98 to Rs 589: Max Health, Indraprastha, Themis, Newland, AstraZeneca attracted
Funds bought heavily in shares of healthcare-pharmaceutical companies today. Medicamen increased by Rs 98.25 to Rs 589.55, Max Health increased by Rs 35.70 to Rs 838.10, Indraprastha Medi increased by Rs 11.50 to Rs 273.80, Themis Medi increased by Rs 9.35 to Rs 225.65, Copron increased by Rs 9.25 to Rs 264.15, Newland Lab. AstraZeneca rose by Rs 219.25 to Rs 7203.10, AstraZeneca rose by Rs 140.70 to Rs 5556.10.
FPIs/FIIs made net purchases of Rs 169 crore in cash: DIIs made net purchases of Rs 692 crore.
FIIs made net purchases of shares worth Rs 169.09 crore in cash today on Monday. While DII-domestic institutional investors made net purchases of shares worth Rs 692.05 crore in cash today.