look news india
Mumbai: Global markets started the week on a positive note today with the Chinese government assuring more stimulus-relief measures, including a big increase in borrowing, amid weak Chinese import-export data and market demand for more stimulus. Funds in IT, Banking-Finance, Capital Goods-Power today, ahead of Wipro's announcement of reconsideration of bonus shares and Reliance Industries' evening results, which reported corporate India's quarterly earnings, against the ongoing selling in stocks by foreign portfolio investors. Started siege of results. (FPI) In Indian stock markets, consumer durables stocks gained. International crude oil prices fell again today, with Brent crude oil falling by $1.70 to $77.34 and New York-Nymax crude oil falling by $1.72 to $73.84, which had a positive impact on the market. Sensex closed 591.69 points higher at 81973.05 and Nifty 50 spot index closed 163.70 points higher at 25127.90. There was a big explosion in SME shares today. While there was selective buying in small and midcap stocks.
Bankex rises 603 points: Federal Rs. 10 to Rs. Upto 197: HDFC, IndusInd, Kotak Bank rise
Funds gained momentum in banking-finance stocks today amid Reserve Bank of India Governor's statement that artificial intelligence is a threat to banks and there is a need for security measures. Federal Bank's price increased by Rs 9.65 to Rs 197, HDFC Bank's price increased by Rs 38.25 to Rs 1688.50, IndusInd Bank's price increased by Rs 22.90 to Rs 1370.60, Kotak Mahindra Bank's price increased by Rs 27.60 to Rs 1910.30, Indian Bank increased by Rs 9.15 to Rs 1232. State Bank rose by Rs 5.25 to Rs 805.25. BSE Bankex index closed 602.68 points higher at 58866.43.
63 Moons up by Rs 55 at Rs 494: Bonus meeting in Wipro Up by Rs 21: Gains in Zensar, Tech Mahindra
Funds in IT-software services, technology stocks today bought heavily on expectations of corporate results and Wipro announced it is considering issuing bonus shares along with the results. The price of 63 Moons Technology increased by Rs 55.20 to reach Rs 493.70. In Wipro, shares rose Rs 20.50 to Rs 549.45, Zensar Technology rose Rs 26.90 to Rs 723, rising Rs 86.35 to Rs 2962 on the back of the company's decision to consider the bonus share issue at its October 17 board meeting. Done. .35, Tech Mahindra rose by Rs 47 to Rs 1692.75, Persistent rose by Rs 143.55 to Rs 5610, Mastech rose by Rs 66 to Rs 2779.60, Oracle Finserv rose by Rs 194.40 to Rs 11,749. , Infosys price increased by Rs 23.70 to Rs 1958.70, HCL Technology price increased by Rs 16.45 to Rs 1856. BSE IT index closed at 43257.75, up 430.67 points.
Among capital goods stocks, Schaeffler rose by Rs 135 to Rs 4037, Larsen, Timken, Hind. aeronautics emerged
Funds also gained momentum in capital goods stocks today. Schaeffler Industries increased by Rs 134.85 to Rs 4037.50, Larsen & Toubro increased by Rs 70.40 to Rs 3802, Hindustan Aeronautics increased by Rs 59.95 to Rs 4506.80, Finolex Industries increased by Rs 11 to Rs 1306.80. Increase of Rs 32.65 to Rs 7479.85 Went. BSE Capital Goods Index closed 481.30 points higher at 72061.17.
Investors' wealth in stock-market cap. Rs 1.35 lakh crore increased to Rs 463.63 lakh crore
Small and midcap stocks remained the favorite attraction with Sensex, Nifty rising today, investors' wealth i.e. total market capitalization of BSE listed companies also increased by Rs 1.35 lakh crore in a day to Rs 463.63 lakh crore.
Crude oil falls on OPEC estimates: Reliance strong ahead of results: HPCL, IOC gain
Oil marketing PSU companies were expected to gain today as international crude oil prices fell by two-quarters of a dollar as OPEC cut its crude demand forecast for 2024 to 1.93 million barrels per day. HPCL rose by Rs 10.45 to Rs 405.80, Indian Oil Corp rose by Rs 2.20 to Rs 165.40, BPCL rose by Rs 2.45 to Rs 340.20. Before the announcement of quarterly results in the evening, Reliance Industries shares rose by Rs 3 to reach Rs 2,745.20. ONGC fell by Rs 6 to Rs 286.50.
Among realty stocks, Oberoi Realty rose Rs 76 to Rs 1995: Macrotech, Godrej Property, DLF gained.
Funds again bought heavily in realty shares today. Oberoi Realty gained Rs 75.70 to Rs 1995, Macrotech Developers gained Rs 41.25 to Rs 1210.10, Godrej Properties gained Rs 80.80 to Rs 3092.80, DLF gained Rs 14.95 to Rs 862.35, Shobha Developers gained Rs 15.95. Rs 26.25 to Rs 1730.
Market breadth positive due to selective attraction of funds in small, mid caps: 2069 shares closed positive
Market sentiment remained marginally positive today with Sensex, Nifty rising again with selective attraction in small, mid cap stocks by funds and players. Of the total 4195 stocks traded on BSE, the number of gainers was 2069 and the number of decliners was 1972. BSE SME IPO index fell 1779.32 points to 102860 due to fall in SME shares.
Net purchase of shares by DIIs Rs 2278 crore: Sale of shares by FPI/FII Rs 3732 crore
Foreign portfolio investors – FPIs, FIIs made a net sale of shares worth Rs 3731.59 crore in cash today. There were sales of Rs 13,095.75 crore against total purchases of Rs 9364.16 crore. Whereas DII-Domestic Institutional Investors made net purchases of Rs 2278.09 crore in cash today. There were sales of Rs 9319.43 crore against total purchases of Rs 11,597.52 crore.