look news india
Mumbai: Amid the preparation of the Union Budget and the President's statement that many big positive steps will be taken in this budget, funds today made history by making index-based continuous highs in stocks. Nifty 50 spot crossed the 24000 level for the first time, while the Sensex also crossed the historic new peak of 79000 for the first time. Funds, experts made big purchases in IT stocks Infosys, TCS, HCL Technology along with infrastructure, cement, steel stocks including UltraTech Cement, JSW Steel and Reliance, banking, power-capital goods stocks. Sensex reached a new intraday high of 79396.03 and closed at a new record high of 79243.18, up 568.93 points. While Nifty 50 spot made a new intra-day high of 24087.45 and finally closed at a new high of 24044.50, up 175.70 points.
UltraTech Cement jumps Rs 565 to Rs 11,715 on acquisition report; Reliance hits Rs 3075
Among Sensex stocks, funds continued to buy heavily in UltraTech Cement today, with the stock rising Rs 565.05 to hit a new high of Rs 11,714.80 as the company's alleged acquisition of India Cements increased funds' attraction. While India Cements rose Rs 30.20 to Rs 293.15. Reliance Industries stock closed at Rs 3061.10 after rising Rs 33.70 for the second consecutive day to hit a new record high of Rs 3075.
IT stocks rise; Sasken rises by Rs 100 to Rs 1749; Wipro, Oracle, Infosys gain
Funds made broad aggressive buying decisions in IT – Software Services, Technology stocks today. Sasken closed at Rs 100.60 up to Rs 1748.85, Genesys closed at Rs 29.55 up to Rs 595.80, Orionpro closed at Rs 59.55 up to Rs 1432.45, Oracle Finserv closed at Rs 388.45 up to Rs 9879, LTI Mindtree closed at Rs .50 up to Rs 194.25 up to Rs 5372.45, Wipro closed at Rs 15.55 up to Rs 510.70, Persistent Systems closed at Rs 87.95 up to Rs 4040, Infosys closed at Rs 32.15 up to Rs .1573.50, Coforge closed at Rs. rose by Rs 110.10 to Rs 5430, TCS rose by Rs 77.45 to Rs 3933.50, Tech Mahindra rose by Rs 19.55 to Rs 1432.05, HCL Technology rose by Rs 11.75 to Rs 1456.25.
In banking-finance stocks, Kotak Bank rose by Rs 34 to Rs 1830; Mannapuram, PNB shined
In banking-finance stocks, funds maintained their preferred buy appeal today. Kotak Mahindra Bank rose by Rs 33.70 to Rs 1830.80, Indusind Bank rose by Rs 6.15 to Rs 1503.90, Axis Bank rose by Rs 3.10 to Rs 1289. In finance stocks, Mannapuram rose by Rs 14.45 to Rs 210.90, PNB Gilts rose by Rs 7.50 to Rs 142.15, Muthoot Fin rose by Rs 56.85 to Rs 1831.30, CSB Bank rose by Rs 7.25 to Rs 364.10, REC Ltd rose by Rs 8.65 to Rs 523.80, Motilal Oswal rose by Rs 9.35 to Rs 629.30.
Auto stocks revalued; Cummins gains Rs 81 to Rs 4078; Bosch gains Rs 794 to Rs 34,968
Due to another rise in the automobile companies, the BSE Auto Index closed at 57316.67 with a gain of 397.36 points. Madrasan's price rose by Rs 4.70 to Rs 198.45, Bosch's price rose by Rs 794 to Rs 34,968.35, Tata Motors' price rose by Rs 20.25 to Rs 972, Cummins India's price rose by Rs 81.05 to Rs 4078, Mahindra & Mahindra's share price rose by Rs 4.05 to Rs 4078. Mahindra's price rose by Rs 33.45 to Rs 2884.80, Hero Motocorp's price rose by Rs 44.30 to Rs 5495.
Investors' asset-market cap rose by Rs 1.40 lakh crore to a record high of Rs 438.42 lakh crore
Investors' wealth, or the total market capitalisation of BSE-listed companies, rose by Rs 1.40 lakh crore to a new record high of Rs 438.42 lakh crore as the index-led record rally led by IT, power, auto and banking stocks continued.
Foreign funds' investment in large-cap stocks increased; 2463 stocks declined due to profit booking in small and mid-cap stocks
The market breadth was negative today as investors sold stocks and deviated from large-cap stocks following the SEBI probe report on front-running in quant mutual funds, making investors wary of investing in small, mid-cap funds. Out of the total 4008 stocks traded on the BSE, the number of losers was 2463 and the number of gainers was 1434.
FPIs/FIIs make massive net purchases of Rs 7659 crore in shares; DIIs net sell Rs 3606 crore
Foreign Portfolio Investors – FPIs, FIIs made net purchases of shares worth Rs 7658.77 crore in cash today on Thursday. Total sales of Rs 23,190.70 crore were made against total purchases of Rs 30,849.47 crore. While DIIs-Domestic Institutional Investors made net sales of Rs 3605.93 crore in cash today. Total sales of Rs 30,493.28 crore were made against total purchases of Rs 26,887.35 crore.