look news india
Mumbai: Indian stock markets fell today after Asian, European markets fell yesterday as a result of fund diversion by foreign portfolio investors (FPIs) following China's mega stimulus package. Markets were closed from October 1 to 7 in observance of Golden Week, China's National Day, and funds in other markets in Asia-Pacific countries were resuming activity today. However, Sensex, Nifty based markets remained in negative territory for the second consecutive day as funds sold Reliance Industries, FMCG stocks as well as Tata group companies. However, gains in IT stocks and select banking, auto stocks offset major losses. The Sensex fell between 84648 and 84098 and closed at 84266.29, down 33.49 points. While Nifty 50 crashed between spots 25908 and 25739, it finally fell 13.95 points to close at 25796.90. Stock markets will remain closed on Wednesday, October 2, 2024, on the occasion of Gandhi Jayanti.
IT index rises by 443: 63 moons up by Rs 19 to Rs 407: Tech Mahindra, KPIT rise
IT-Software Services, Technology stocks were broadly higher today as funds again bought heavily. 63 Moons Technology rose by Rs 19.30 to Rs 407.20. Subex up 87 paise to Rs 27.88, Tech Mahindra up Rs 46.25 to Rs 1622.35, Cient up Rs 42.70 to Rs 1920, Mastek up Rs 50.95 to Rs 2645, Nelco up Rs 16.70 to Rs 1045, Infosys 2 up Increase of Rs 8.15 to Rs 1904.15 , Coforge rose by Rs 91.25 to Rs 7108.50, HCL Technology rose by Rs 20.45 to Rs 1814.95, Wipro rose by Rs 5.30 to Rs 546.65. BSE IT index closed at 42812.80, up 443.14 points.
Reliance falls Rs 24 to Rs 2929 due to continuous selling: ONGC, Oil India, IOC fall
International crude oil prices recovered from the slump but remained soft in the evening, with Brent crude down 47 cents at $71.23 and New York-Nymex crude down 52 cents at $67.65. Under selling pressure for the second consecutive day, Reliance Industries shares fell by Rs 24 to Rs 2,929.80. ONGC fell by Rs 5.75 to Rs 292.25, Oil India fell by Rs 11 to Rs 569.25, IOC fell by Rs 1.15 to Rs 178.90, BPCL fell by Rs 1.80 to Rs 368. While HPCL rose Rs 4.15 to Rs 444.70, Petronet LNG rose Rs 3.10 to Rs 344.50.
Sula Vineyards, Godrej Agrovet, Hind Unilever fall in FMCG stocks: Chinese shares rise
Today the fund's exposure to FMCG stocks saw an increase in valuations of Chinese stocks. Uttam Sugar increased by Rs 20.45 to Rs 391, Balrampur Sugar increased by Rs 31.50 to Rs 679.90, Awadh Sugar increased by Rs 25.80 to Rs 816.15, Parag Milk Foods increased by Rs 8.10 to Rs 200.55, Tasty Bite increased by Rs 356.05. Rs 22.95, Bikaji Foods rose by Rs 25.20 to Rs 947.95. While Hindustan Unilever fell by Rs 37.45 to Rs 2921.95, Sula Vineyards fell by Rs 18.80 to Rs 459.95, Godrej Agrovet fell by Rs 25.80 to Rs 736.20.
Selective gains in auto stocks: Sundarmar up by Rs 45 at Rs 1420: Mahindra, Cummins, MRF rise.
Select funds were buying stocks of automobile companies today. Sundaram increased by Rs 44.85 to Rs 1420, Mahindra & Mahindra increased by Rs 68.65 to Rs 3164.85, MRF increased by Rs 1126.95 to Rs 1,39,629.85, Hero MotoCorp increased by Rs 38.10 to Rs 5749.55. It increased by Rs 60 to Rs 37,722.80. While Bajaj Auto fell by Rs 159.05 to Rs 12,185, Eicher Motors fell by Rs 55.40 to Rs 4968.05.
Attractions in Kotak Bank, State Bank: IndusInd, Muthoot Ft. Profit booking in: Caffeine Tech, Paytm rise
A mixed trend was seen in banking-finance shares today. Kotak Mahindra Bank rose by Rs 27.50 to Rs 1879.90, State Bank of India rose by Rs 9.40 to Rs 797, ICICI Bank rose by Rs 7.15 to Rs 1280, Bank of Baroda rose by Rs 1.20 to Rs 1.20. 248.95. While IndusInd Bank fell by Rs 38.85 to Rs 1409.15, Canara Bank fell by Rs 1 to Rs 110.45, Axis Bank fell by Rs 6.55 to Rs 1225.90. Muthoot Finance fell by Rs 75.20 to Rs 1955.60, TVS Holding fell by Rs 500.60 to Rs 13,799.05, HUDCO fell by Rs 5.85 to Rs 235.90. While Caffeine Tech was up by Rs 112.55 at Rs 1136.35, Geojit Fin was up Rs 12.65 at Rs 378, PB Fintech was up Rs 113.65 at Rs 1729.65, Paytm was up Rs 42.90 at Rs 731.25.
Market breadth positive due to low valuations in small, mid cap stocks: 2296 stocks closed positive
The market situation turned positive today with funds flowing into small, mid-cap stocks, with players again giving importance to buying in select stocks. Of the total 4054 shares traded on BSE, the number of gainers was 2296 and the number of decliners was 1668.
Net selling of shares by FPI/FII Rs.5579 crore: Net buying by DIIs Rs.4610 crore
Foreign portfolio investors-FPIs, FIIs sold shares worth Rs 5579.35 crore in cash today. There were total sales of Rs 18,207.14 crore against total purchases of Rs 12,627.79 crore. Whereas DII-Domestic Institutional Investors made net purchases of Rs 4609.55 crore in cash today. There were sales of Rs 9825.65 crore against total purchases of Rs 14,435.20 crore.
Investors' wealth in stock-market cap. Rs 51 thousand crore increased to Rs 474.86 lakh crore
Due to stoppage of Sensex and Nifty based decline, decrease in valuation in many A group and mid cap stocks, the wealth of investors i.e. total market capitalization of BSE listed companies has also increased by Rs 51 thousand crore in a day to Rs 474.86 lakh crore.