Sensex rises to 717 points, up 167 points to 30196

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Mumbai, May 19, 2020, Tuesday

As the world seeks out vaccines and drugs to stem the outbreak of coronavirus, Asian markets rallied yesterday amid a tumultuous rally in global markets yesterday amid claims by Chinese and US companies that the vaccine has been successfully tested and an effective cure for it. Was. With short covering in Indian stock markets today, funds rallied in telecom and IT stocks. Of course, with the re-emergence of this boom, funds have seen an initial upswing rather than a sell-off.

The Sensex was up 19.15 points at 2015.15 and the Nifty was up 2.3 points at 8.10. International crude oil prices rose modestly to close at ૩૪ 4.5 and Nymex crude at ૩૯ 4.5 after hitting ૩૫ 7 yesterday. The US dollar also started strengthening against the rupee and fell by 3 paise to Rs 4.5 today.

Despite the weak fourth-quarter results of telecom giant Bharti Airtel, the company's subscribers grew and strong growth in ARPU led to a rally in funds and a rise in crude oil prices along with IT stocks led by ONGC. With the FMCG, auto and metal stocks picking up preference, the Sensex opened at 5,060.5 against the previous close of 2009.5, jumping 210.5 points to 302.5. Profit booking started from the high point and came down to 2011-12 and finally increased by 19.13 points and closed at 2016.18. While the Nifty spot opened at 31.50 against the previous close of 7.5, initially jumped 205.10 points to reach 2030 and then came down again to 8.30 and finally rose by 7.5 points to close at 8.10.

FIIs-FPIs investors continued to sell in stocks today-Tuesday. Shares worth Rs 12.51 crore were net sold in cash today. The total purchase was Rs 15,8.08 crore against the total purchase of Rs 19,612.5 crore. On the other hand, DIIs-domestic institutional investors made a net purchase of Rs 12.5 crore in cash today. A total of Rs 206.5 crore was sold against a total purchase of Rs 2.18 crore.

Despite telecom giant Bharti Airtel posting a net loss of Rs 2 crore in the fourth quarter due to extraordinary provisions, the company's shareholder jumped and the AURPU surged by Rs 21 to Rs 3.15 on rising funds. Idea Vodafone was up 3 paise at Rs 4.5 and Infratel was up at Rs 11.15.

Funds in IT-entertainment stocks were rebounding today. Inox Leisure rose by Rs 4.5 to Rs 19.50, PVR jumped by Rs 2.10 to Rs 205.5, MindTree rose by Rs 2.50 to Rs 219.10, Sun TV rose by Rs 11.5 to Rs. 2.3, TV Today increased by Rs. 2.50 to Rs. 18.50, NIIT Technology increased by Rs. 2.50 to Rs. 12.5, Tech Mahindra increased by Rs. 2.50 to Rs. 2.40 to Rs. 216.5, Wipro to Rs.

On the back of rising crude oil prices, ONGC rose by Rs 2.50 to Rs 3.10, GSPL by Rs 2.50 to Rs 12.5 and Petronet LNG by Rs 4.5 to Rs 4.05. In FMCG stocks, the biggest gainers in the fund's ITC today rose by Rs 3.15 to Rs 120.50, Emami Ltd by Rs 10.8 to Rs 19.5, Tata Consumer by Rs 11.05 to Rs 4.5, Godrej Consumer by Rs. .12.50 to Rs. 4.5, Marico rose by Rs. Among the capital goods stocks, Siemens rose by Rs 2.50 to Rs 105.10, AIG Engineering by Rs 4.5 to Rs 1,307.50 and Thermax by Rs 10.50 to Rs 310.5.

Marketbroadth remained negative due to continuous offloading in small, mid cap, cash stocks. Out of the total 20 scrips traded on the BSE, the number of decliners was 16 and the number of gainers was 1,081. The only seller in 4 stocks was the bearish lower circuit while the only buyer in 12 stocks was the bullish upper circuit.

In global equities, Asian markets were stronger today after the Dow Jones index rose by 215 points and the Nasdaq index by 50 points yesterday. Japan's Nikkei 3 index was up 200 points at 206, while Hong Kong's Hang Seng was up 3 points at 5. Markets in European countries had a modest softening in the evening market. The Dow Jones futures were down 21 points and the Nasdaq futures were up 16 points.

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