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Mumbai: Reports of political turmoil in France halted the recovery in private sector business activity in the Euro and now with Russian President Putin's visit to Vietnam and growing tensions with the US over the North Korea issue and geopolitical tensions in global markets, a big drop in Asian and European markets, index-based record rally ended the weekend break today, foreign portfolio investor funds, maharathis again slowed down the bullish trade today as the progress of monsoon slowed domestically and there was more buying in many stocks. Funds booked profits in automobile, oil-gas, capital goods, FMCG stocks. However, along with local funds, some high net worth investors were attracted to select IT-software services, technology stocks. Sensex, Nifty based funds pushed the market towards a soft trend after volatility today. At the end of the commotion, the Sensex closed 269.03 points down at 77209.90 and the Nifty spot closed 65.90 points down at 77209.90.
Auto index down 405 points: Tube Invest drops Rs 223 to Rs 3987: Tata Motors, Mahindra down
Funds continued to take profit selling in automobile companies' stocks today on warning of imminent hike in petrol, diesel prices along with rising crude oil prices. Among key event stocks, Tube Investments fell Rs 222.85 to Rs 3986.90, Balkrishna Industries fell Rs 116.80 to Rs 3200.15, Tata Motors fell Rs 17.05 to Rs 961.05, Mahindra & Mahindra fell Rs 33.70 to close at Rs 5451.90, Hero Motocorp fell Rs 53.35 to Rs 5451.90, MRF fell Rs 1148.70 to Rs 1,25,211, Sundaram fell Rs 7.70 to Rs 1293.50. BSE Auto index fell 405.81 points to close at 56742.38.
Among capital goods stocks, Carborundum fell by Rs 58 to Rs 1691: Teamcan fell by Rs 129.75 to Rs 4430.
The BSE Capital Goods index closed 694.34 points lower at 71779.22 as funds resumed selling in capital goods-power stocks today. Carborundum fell by Rs 58.20 to Rs 1691.10, Teamcan fell by Rs 129.75 to Rs 4430, Grindwell Norton fell by Rs 64.30 to Rs 2688.10, Bharat Forge fell by Rs 40.55 to Rs 1749, Bharat Electronics fell by Rs 7.05 to Rs 305, Hindustan Aeronautics fell by Rs 118.80 to Rs 5168.55, Lakshmi Machine Works fell by Rs 367.30 to Rs 16,317.70, Larsen & Toubro fell by Rs 64 to Rs 3533.10, ABB India share price fell by Rs 367.30 to Rs 3533.10, Teamcan fell by Rs 145.55 to Rs 8397.35, Siemens fell by Rs 90.35 to Rs 7430.35. While Rail Vikas rose by Rs 22.35 to Rs 409.70, Suzlon NG rose by Rs 2.52 to Rs 53.04.
Funds ease the trade on gains in FMCG stocks: Nestle India, Vadilal, Bannari Aman fall
FMCG stocks also fell today with the BSE FMCG index closing 220.97 points lower at 20,325.88 as funds partially offset the bullish trade. Bannari Aman Sugar fell Rs 196.40 to Rs 3007.50, Kaveri Seed fell Rs 49.60 to Rs 965, Tilaknagar Industries fell Rs 10.65 to Rs 262, Marico fell Rs 19 to Rs 609.55, Triveni Engineering fell Rs 13.40 to Rs 404, Avanti Feeds fell Rs 16.70 to Rs 615.40, Vadilal Industries fell Rs 92.65 to Rs 4466, Avadh Sugar fell Rs 12.70 to Rs 669, Nestle India fell Rs 43.35 to Rs 2495.
Brent prices at $85.62 as crude rises: Reliance, Linde India, HPCL, BPCL fall
Funds sold oil and gas stocks today as crude oil prices continued to strengthen internationally. In the evening, Brent crude was at $ 85.62 and Nymex crude was at $ 81.22. The BSE oil-gas index closed at 28863.30, down 375.29 points. Linde India fell Rs 359 to Rs 8359.60, HPCL fell Rs 7.10 to Rs 342.15, GAIL India fell Rs 3.75 to Rs 214.80, BPCL fell Rs 5.35 to Rs 307, Reliance Industries share fell Rs 5.35 to Rs 807, Rs 39.60 to Rs 2906.80, IOC fell Rs 2.20 to Rs 166.75, ONGC fell Rs 2.20 to Rs 269.65.
Fund valuation in IT stocks: MapMyIndia rises Rs 130 to Rs 2533: Nugen, Zensar rise
The BSE IT index closed 267.02 points higher at 36,172.71 as funds bought short picks in IT – Software Services, Technology stocks today. Mapmy India rose Rs 130.80 to Rs 2532.70, Newsen rose Rs 50.30 to Rs 1003, Zensar Technology rose Rs 31.70 to Rs 752.45, R Systems rose Rs 19.90 to Rs 505 .90, Happiest Minds rose Rs 16.20 to Rs 1062. Rs 24.15 up to Rs 906.65, Coforge Rs 70.30 up to Rs 5387.95, Ramco Systems Rs 8 up to Rs 339, KPIT Systems Rs 36.25 up to Rs 1588.05, TCS Rs 22.35 up to Rs 3808.95, Infosys Rs 16.40 up to Rs 1531.70, Mastek Rs 54.75 up to Rs 2736.
Caution reduces overbought conditions in small, mid-cap stocks: 2,086 stocks close negative
The market breadth turned from positive to negative as operators pared excessive buying conditions over the weekend, with many small, mid-cap stocks and fund-of-funds cautiously trading higher. Out of the total 3987 stocks traded on the BSE, the number of gainers fell from 2254 to 1784 and the number of losers rose from 1612 to 2086.
The asset-market capitalisation of investors in shares fell by Rs 1.26 lakh crore to Rs 434.48 lakh crore.
With the Sensex, Nifty based record gains today once again the A group of small, mid cap stocks remained the favorite attraction, the investors wealth i.e. the total market capitalization of the companies listed on BSE increased by Rs 1.80 lakh crore to Rs 435.75 lakh crore. Crore today.
FPIs/FIIs made net sales of Rs.1790 crore in shares: DIIs made net purchases of Rs.1237 crore
Foreign Portfolio Investors – FPIs, FIIs net sold shares worth Rs 1790.19 crore in cash today on Friday. Total sales of Rs 46,313.66 crore were made against total purchases of Rs 144,523.47 crore. While DIIs-Domestic Institutional Investors net sold shares worth Rs 1237.21 crore in cash today. Total sales of Rs 17,366.56 crore were made against total purchases of Rs 18,603.77 crore.
