look news india
Mumbai: Indian stock market strengthened on buying by local funds, institutional investors against caution in global markets with no fresh indication on when the US Federal Reserve's Open Market Committee (FOMC) will cut interest rates. are. With this, GST collection in India reached record Rs 2.10 lakh crore in April, funds bought heavily in automobile, metal-mining, power-capital goods stocks today. Of course, profit-booking was seen in many stocks due to uncertainty with no signs of Fed rate cut and a surge in stocks due to domestic Lok Sabha elections. The funds were selling banking-finance stocks. Sensex went up to 74812.43 intra-day and finally closed at 74611.11, up 128.33 points. While the Nifty 50 spot index reached 22710.50, it closed at 22648.20, up 43.35 points.
High voltage rise again in power-capital goods stocks: BHEL, Power Grid, ABB, Tata Power attracted
There was again a high voltage rally in power-capital goods shares today. BHEL rose by Rs 11 to Rs 292.65, Power Grid Corporation rose by Rs 11.80 to Rs 313.45, ABB India rose by Rs 137 to Rs 6679.35, NHPC rose by Rs 1.84 to Rs 98.01, Tata Power rose by Rs 1.84 to Rs 98.01. Rs 8.60 up to Rs 457.70, NTPC up Rs 6.25 to Rs 369.35, JSW up Rs 8.75 to Rs 638.50, Carborandum up Rs 86.55 to Rs 1507.85, Polycab up Rs 126.40 to Rs 579. It became Rs 3.
Metal index rises 323 points: Jindal Stainless, Vedanta, APL, Tata Steel
BSE Metal index rose 323.44 points to 31573.94 as funds made selective buying of metal-mining stocks today. Jindal Stainless rose by Rs 27 to Rs 733.90, Vedanta rose by Rs 12.80 to Rs 410.70, APL Apollo rose by Rs 33.65 to Rs 1591.35, NMDC rose by Rs 4.15 to Rs 258.45, Tata Steel rose by Rs 2.40 to Rs 2.40. 167.35, Jindal Steel rose by Rs 10.75 to Rs 941.85.
Continuous rise in auto stocks: Ashok Leyland, Bajaj Auto, Bosch, Tata Motors rise.
Funds continued buying heavily in auto stocks today on hopes of improving profitability of automobile companies due to good growth data in vehicle purchases in April. BSE Auto Index closed 599.78 points higher at 51665.87. Ashok Leyland increased by Rs 8.75 to Rs 201.35, Bosch increased by Rs 1332.25 to Rs 30,687.20, Tata Motors increased by Rs 20.10 to Rs 1027.95, Balkrishna Industries increased by Rs 32.10 to Rs 2459.85, Mahindra & Mahindra increased by Rs 28.00. Increase of Rs 15 to Rs 3184.45, Cummins India MRF rose by Rs 28.30 to Rs 3303.90, MRF rose by Rs 919.85 to Rs 1,33,926.25.
HPCL rises by Rs 38 to Rs 533 as crude oil prices fall: BPCL rises by Rs 27 to Rs 635
International crude oil prices fell sharply as Brent crude neared $84.27 a barrel and New York-Nymex crude near $79.71 a barrel, with oil-gas stocks in particular falling as ceasefire talks between Israel and Hamas continued. The report and US crude stockpiles increased by 5 million barrels. Funds bought heavily in marketing PSU shares. Hindustan Petroleum Corporation-HPCL rose by Rs 38 to Rs 533.20, BPCL rose by Rs 27.05 to Rs 634.80, Petronet LNG rose by Rs 10.15 to Rs 320.70, Linde India rose by Rs 217.65 to Rs 8471.60. The price of Indian Oil Corporation increased by Rs 4.40 to reach Rs 173.35. BSE Oil-Gas Index closed 399.12 points higher at 29379.70.
Among healthcare stocks, Bliss GVS, Sanofi, Biocon, Zydus Life, Supriya Life gained.
Funds also made selective purchases in shares of healthcare-pharmaceutical companies today. Supriya Life increased by Rs 21.30 to Rs 418.75, Bliss GVS increased by Rs 5.50 to Rs 129.20, Sanofi increased by Rs 355.35 to Rs 8679.45, Zydus Life increased by Rs 34.50 to Rs 988.10, NGL Fine increased by Rs 87. Rs 2634.60, Hester Bio rose by Rs 51.75 to Rs 1698, Dr Reddy's Lab rose by Rs 20 to Rs 6288.30.
Selling in Kotak Bank fell by Rs 48 to Rs 1575: Profit booking in Axis Bank, ICICI
There was selling in banking shares today, especially in frontline shares of private banks. Kotak Mahindra Bank Joint Managing Director KVS Maniyan suddenly resigned and the fund fell again by Rs 47.95 to Rs 1575.80. Axis Bank fell by Rs 16.40 to Rs 1149.75, ICICI Bank fell by Rs 12.15 to Rs 1139.90. With this, South Indian Bank fell by Rs 1.57 to Rs 29.20, JM Financial fell by Rs 4.38 to Rs 84.49, Paisalo Digital fell by Rs 3.34 to Rs 68.46.
Market sentiment negative on rising profit booking in small, mid-cap stocks: 1967 stocks closed negative
Today the market trend remained negative due to profit booking in small, mid cap and cash stocks. Out of total 3957 stocks traded on BSE, the number of declining stocks was 1967 and the number of gaining stocks was 1867.
Net sale of shares by FPI/FII was Rs. 964 crore: Net purchases by DIIs amount to Rs. 1352 crores
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 964 crore in cash today Thursday. There were sales of Rs 17,751.27 crore against total purchases of Rs 16,786.80 crore. While DII-Domestic Institutional Investors made net purchases of shares worth Rs 1352.44 crore in cash today. There were sales of Rs 13,769.89 crore against total purchases of Rs 15,122.33 crore.
