look news india
After the fall in the global markets, the Indian stock markets opened with a decline today and by around 11 am the recession increased to such an extent that the Sensex fell by 1,207 points and the Nifty by 368 points from the previous close.
However, after sudden price buying, both the indices made a very impressive recovery and ended the day much higher. During this recovery, FMCG and consumer sector shares saw the maximum rise. These stocks fell by up to 1 per cent in the first two hours, but the FMCG index ended the session up 1.29 per cent on hopes that a significant decline in food inflation would benefit these stocks. On the other hand, the IT index rose by 0.64 percent even today due to the expectation of interest rate cut in America. Mid-cap and small-cap stocks fared worse than large-caps and both the indices closed with losses. Except PSU banks, other banking stocks also saw gains.
After initially opening 77 points lower, the Sensex made an intra-day low of 80,082 and high of 82,213. Thus, by around 11 am, the Sensex had fallen 1,207 points from the previous close and was only 82 points away from the 80,000 level. Looking at the situation at that time, it seemed that the recession would end on Friday. However, there was a complete reversal thereafter and the Sensex recovered from the low to close with a gain of 2,131 points intraday and ended the session at a low of 2,015 points. In this way, after a total fluctuation of 2,131 points, at the end of the day the Sensex closed at 82,133 with a gain of 843 points or 1.04 percent. Nifty also opened 50 points lower at the start and by 11 am touched a low of 24,180, down 368 points from its previous close. After that, like the Sensex, this index also had a sudden rise, Nifty also rose by 612 points from the low to hit an intraday high of 24,792 points and ended the session with a gain of 588 points from the low. Thus, Nifty closed at 24,768, up 219 points or 0.89 percent from the previous close.
Although mid-cap and small-cap stocks did not benefit from the rally in large-cap stocks after 11 am, both the stocks recovered significantly from intra-day lows. The BSE Mid-Cap index once hit an intra-day low of 47,036, down 779 points from its previous close. However, after this the index closed 740 points below the top. The index closed at 47,776, down 39 points or 0.08 per cent compared to its previous close. On the other hand, BSE Small Cap index closed at an intraday low of 56,066, down 1,056 points from its previous close. However, the index then closed with a gain of 891 points from the falling levels. The index closed at 56,957, down 167 points or 0.29 per cent compared to its previous close. In this way this index lost the level of 57,000. A total fluctuation of 762 points was seen in the Mid Cap Index and a total of 981 points in the Small Cap Index.
Bearish trend was seen in SME IPO shares till 11 am today. In this fall, the BSE SME IPO index lost 1,262 points from the previous close. However, at the end of the day, like the major indices, this index also closed at 1,13,787 with a gain of 890 points or 0.79 per cent. The index is now just 1,204 points away from its all-time high of 14,991.
26 out of 30 Sensex stocks and 41 out of 50 Nifty stocks closed with gains today. Bharti Airtel closed 4.39 per cent higher, ITC 2.07 per cent and Kotak Bank 2.06 per cent higher, while Shriram Finance fell 2.44 per cent, Tata Steel 1.26 per cent and IndusInd Bank 1.09 per cent higher. The volatility index fell 1.04 percent today to 13.05. Out of 14 sectoral indices on Nifty, 6 closed with a decline while 8 closed with a rise. Nifty FMCG index rose by 1.29 percent and Consumer Durables index rose by 0.97 percent. Nifty Bank rose 0.69 percent and Private Bank rose 0.80 percent, but Nifty PSU Bank index fell 0.18 percent. Nifty IT index also gained 0.64 percent today.
Sensex gained 843 points while Sensex remained negative at Rs. Only Rs 1.27 lakh crore increased
Of the total 4,105 stocks traded on BSE today, 1,818 closed higher, 2,173 declined and 114 closed flat. Thus, there was a rise in large cap stocks but the market sentiment remained negative due to slowdown in mid cap and small cap stocks. As a result, M cap of BSE increased to Rs. 459.42 lakh crore i.e. 5.42 trillion dollars was recorded, but this figure is less than yesterday. 458.15 lakh crore, only Rs. Shows an increase of only Rs 1.27 lakh crore.
Rupee strengthened by 10 paise and closed at 84.78
The Indian rupee strengthened against the US dollar today. The rupee today closed at 84.78, up 10 paise from Thursday’s all-time low of 84.88. The rupee today opened with slight improvement at 84.81 and reached 84.77 during trading. On Thursday, a fall of five paise was recorded in the rupee. The rupee appreciated today due to significant rally in the Indian stock market in the last few days and buying by FIIs. The fall in inflation rate was also responsible for the recovery in rupee.
Foreign exchange reserves declined by $3.23 billion to $654.85 billion. India’s foreign exchange reserves declined by $3.23 billion to $654.85 billion in the week ending December 6. Last week this reserve had increased by 1.51 billion dollars. Earlier, foreign exchange reserves had reached an all-time high of $704.88 billion at the end of September. However, this reserve declined for eight consecutive weeks, with a total decline of $48.3 billion during these eight weeks. After that, after increasing for a week, this stock has decreased again. In the week under review, FCA increased by $ 3.22 billion and gold reserves increased by $ 4.30 million.
FII’s Rs. Net purchase of Rs 2,335 crore
Today FIIA Indian Stock Market Rs. Net purchases of Rs 2,335 crore, while DIIs made Rs 2,335 crore. Net sales of Rs 732 crore. With this, the figure of net purchases made by FIIA in the month of December is Rs 1.5 crore. 11,706 crore, while the net procurement figure by DIIA was Rs. 4,672 crores.