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Mumbai: Amidst the preparations for the last two phases of Lok Sabha elections and the strong possibility of forming a stable and strong government at the Center in the results of June 4, Sensex once again touched the level of 74000 and Nifty 22600. Strength of local funds, continued buying of shares by local institutional investors. Funds bought aggressively led by Reliance Industries, FMCG frontline stocks Hindustan Unilever, ITC. Of course, there was profit booking in banking stocks including State Bank of India. Funds were bullish on realty stocks with short covering in IT-software services, technology stocks. Capital Goods was buying priority shares. Sensex closed 267.75 points higher at 74221.06. While Nifty closed at 22597.80, up 68.75 points with a gain of 50 points. On the other hand, global markets in the US were cautious ahead of Nvidia's results. In crude oil, international prices were in favor of decline as the US sold its stockpile of 1 million barrels of gasoline.
Reliance preparing to separate retail business? Big purchase by funds: Shares rose by Rs 49 to Rs 2921
Reliance Industries shares rose by Rs 49.45 to Rs 2,920.75 today as funds resumed heavy buying. Funds bought heavily in anticipation of the separation of the financial services business in Reliance and the separation of the retail business and Jio telecom business after the company's strong performance in the current year. Among other oil and gas stocks, HPCL rose by Rs 3.05 to Rs 530.10, Adani Port rose by Rs 4.35 to Rs 934.55.
Hindustan Unilever rises by Rs 56 to Rs 2367: Kaveri Seed, Emami, Dabur India, Nestle rise
The BSE FMCG index closed 249.10 points higher at 20057.33 as funds resumed aggressive buying in FMCG stocks today. Kaveri Seed rose Rs. 63.55 to Rs. 884, Emami rose Rs. 22.35 to Rs. 535.60, Dabur India rose Rs. 16.05 to Rs. 554.90, Bajaj Consumer rose Rs. 6.60 to Rs. 70, DCM Shriram rose Rs. 6.20 to Rs. 229.85, P&G rose Rs. 420.35 to Rs. 16,100, Hindustan Unilever rose Rs. 56.55 to Rs. 2366.80, Gillette India rose Rs. 139.60 to Rs. 6950, ITC rose Rs. 4.80 to Rs. 429.75, Tata Consumer Products rose Rs. 26.30 to Rs. 1120.60.
Realty stocks surge on property sales: Macrotech Developers, Oberoi, Phoenix gain
Funds are buying realty stocks in anticipation of improved profitability of realty companies due to good growth data in property sales in the country's metropolitan cities. Macrotech Developers rose by Rs 69.20 to Rs 1311.70, Oberoi Realty rose by Rs 54.10 to Rs 1779.40, Phoenix Mills rose by Rs 91.75 to Rs 3236.70, Shobha Developers rose by Rs 33.90 to Rs 1801. The BSE Realty index rose 111.22 points to close at 7991.85.
State Bank falls Rs 11 to Rs 819: AU Small Bank, Axis Bank fall: Insurance stocks rise
The BSE Bankex index closed 283.71 points lower at 54658.38 due to profit booking by funds in banking-finance stocks today. AU Small Finance Bank fell Rs 11.40 to Rs 603.75, State Bank of India fell Rs 11.25 to Rs 819.30, Axis Bank fell Rs 9.90 to Rs 1127.70, ICICI Bank fell Rs 7.45 to Rs 819.30. 1113.20. While Indusind Bank rose Rs 7.95 to Rs 1413.50. Funds bought shares of insurance companies. General Insurance rose Rs 33.55 to Rs 379.40, New India Assurance rose Rs 15.20 to Rs 245.10, LIC India rose Rs 32.50 to Rs 1055.40.
Centrum Capital, Geojit, Daulat Algotech, Prudent Advisors, Max Fi, Motilal Oswal were among the losers.
Among financial services stocks, Centrum Capital fell Rs 1.96 to Rs 40.97, Geojit Fin fell Rs 4.09 to Rs 104.20, Daulat Algotech fell Rs 5.65 to Rs 145.30, Prudent Advisors fell Rs 6060 to Rs 45.45 to Rs 1572.50, Paisalo Digital fell Rs 2.23 to Rs 66.88, Motilal Oswal fell Rs 58.85 to Rs 2233, Angel One fell Rs 53.95 to Rs 2603.90.
Attraction in IT stocks: Zegal rises Rs 23 to Rs 311: D-Link, Netweb, Coforge, Infosys rise
Funds bought short picks in IT-software services, technology stocks today. Zegal Prepaid increased by Rs 22.60 to Rs 310.85, D-Link India increased by Rs 19.35 to Rs 426.50, Netweb increased by Rs 90.65 to Rs 2146.80, Onward Technology increased by Rs 10.35 to Rs 2146.80. 404.20, Coforge rose by Rs 122.05 to Rs 4912.70, Zensar Technology rose by Rs 14.90 to Rs 620.90, Infosys rose by Rs 20.45 to Rs 1454.65.
Small cap, mid cap stocks weakened on continued profit-booking by funds, operators: 2018 stocks closed negative
Market breadth remained negative in small cap, mid cap stocks today as funds, operators continued selling. Of the total 3948 stocks traded on BSE, the number of gainers was 1826 and the number of fall stocks was 2018.
FPIs/FIIs net sold shares worth Rs. 686 crore: DIIs net bought shares worth Rs. 962 crore
Foreign Portfolio Investors – FPIs, FIIs net sold shares worth Rs 686.04 crore in cash today on Wednesday. Total sales of Rs 16,747.46 crore were made against purchases of Rs 16,061.42 crore. While DIIs-Domestic Institutional Investors net bought shares worth Rs 961.91 crore in cash today. Total sales of Rs 12,524.42 crore were made against purchases of Rs 13,486.33 crore.
Investors' wealth increased by Rs 1.32 lakh crore to reach a new historical high of Rs 415.94 lakh crore.
Sensex, Nifty based aggressive rally against profit booking in small, mid cap stocks and attraction in A group stocks. Today the total wealth of investors i.e. total market capitalization of BSE listed companies increased by Rs 1.32 lakh crore to a new high of Rs 415.94 lakh. . Today the figure of crores reached a historic high in a single day. Which was at the height of Rs 4.99 lakh crore in US dollars today.
