Continuous upheaval: Rs 2730 crore sale of foreign funds: Banking, gaps in oil stocks

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(Gujarat News Correspondent) Mumbai, May 12, 2020, Tuesday

Indian stock markets were softening for the second day in a row today at the end of a major upheaval. Indian stocks plunged for the second day in a row this week amid global markets, with the decision to test the entire Corona population in Wuhan, the epicenter of the Corona virus. Along with foreign funds, there was a big offloading of local funds in stocks today. FIIs have sold a total of Rs 20 crore in cash and futures today.

With the global economic crisis plagued by the epidemic, industries and companies are deteriorating day by day and the lockdown is likely to be extended till May 15 and before Prime Minister Narendra Modi's address to the nation at 4 pm, the government will announce a stimulus package to impose new restrictions. In the midst of this uncertainty, the funds have invested in special banking-finance stocks Ophalodinga of the Oil & gas stocks also vecavalie based intra-day index was down Jack. The BSE benchmark Sensex opened at 219.3 points against the previous close of 3191.9 points, falling 217.9 points at one point to 303.8 points, after which the short covering in banking stocks fell by 120.10 points to close at 3191.15 points. The Nifty spot also opened at 215.5 against 8.30, hitting a low of 208.5 and moving back to the top of 20.8, ending at 915.5, down 3.3 points.

The US dollar had lost 3 paise to Rs 2.50. Nymex crude rose ૩૩ 1.2 to ૨૫ 4.5 and Brent crude to ૧ 6.0 a barrel ahead of OPEC's monthly report on Wednesday, as China cut tariffs on some US goods imports and a lockdown eased worldwide. Were close to ૫ 50.

With Reliance Industries buying holdings of funds on Geo platforms through Facebook, Silver Lake and Vista, the company is moving ahead with plans to reduce its debt through the fund and is bringing in a whopping Rs 2,17 crore right issue to the stock. The attraction of the right issue on the basis of one share per share is the reason for today's profit booking after a big buy in the stock in recent days. I said. The stock fell by Rs 2.50 to Rs 190.5.

Banking-finance stocks were last seen short-covering after a consistently large offloading start. Citi Union Bank fell by Rs 5.05 to Rs 19.50, Federal Bank by Rs 1.5 to Rs 21.5, Kotak Mahindra Bank by Rs 2.50 to Rs 119.5, HDFC Bank by Rs 15. 30 down to Rs. 301.15, Shriram Transport Finance Piramal to sell its holdings at the right time, down Rs. 4.5 to Rs. 2.5, housing down by Rs. 21.50 to Rs. 2.50, AU Bank Rs. Cannabis Home Finance down Rs. .85 cent to Rs .1475.35, Shriram City Union were Rs .690.75 Rs .21.80.

Profit booking of funds was also done again in automobile stocks. Cummins India down Rs 11 to Rs 3.5, Apollo tires down Rs 4.5 to Rs 30.9, MRF down Rs 151.5 to Rs 2,401, Amarraja Batteries down Rs 4.5 to Rs 5 Eicher Motors fell by Rs 120.50 to Rs 12,12.5 and Bosch by Rs 30.50 to Rs 4.5. Pharmaceuticals-healthcare stocks remained the attraction of choice.

Panacea Biotech increased by Rs 4.5 to Rs 12.5, Aurobindo Pharma increased by Rs 5 to Rs 31.10, Indoco Remedies increased by Rs 2.50 to Rs 2.50, APL Limited increased by Rs 2 to Rs 305. 3, Laurus Lab increased by Rs. 18.5 to Rs. 3.5, Lalpath Lab increased by Rs. 2.50 to Rs. 13.50, Abbott India increased by Rs. 18.50 to Rs. 15,09.50, Sanofi increased by Rs. .50 and stood at Rs.

On the second day of the week, small, mid-cap, cash stocks continued to sell broadly and the market breadth remained negative. Out of the total 21 scrips traded on the BSE, the number of decliners was 16 and the number of gainers was 203. The only seller in 5 stocks was the bearish lower circuit while the only buyer in 12 stocks was the upper circuit. FIIs-FPIs net sellers of Rs 15 crore in cash today-Tuesday. A total of Rs 5 crore was sold against a total purchase of Rs 21 crore. On the other hand, DII-domestic institutional investors had a net sale of Rs 5 crore in cash today. A total of Rs 20 crore was sold against a total purchase of Rs 3 crore. In futures, FIIs today saw a net sale of Rs 3 crore in index futures and a net sale of Rs 15 crore in stock futures. With this, FIIs have sold a total of Rs 20 crore in cash and futures today.

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