A huge gap of 561 points in the Sensex

(Gujarat News Correspondent) Mumbai, Ta. 24 June 2020, Wednesday

With global erosion in European markets today, the number of cases of coronavirus infection in India has risen to record new highs, leading to worries and a resurgence of economic activity and a major downturn in the economy, according to pharmaceuticals. There was offloading. As more than 4 lakh people worldwide became infected with the corona virus and 2.5 lakh people died, the global recession escalated and the June trend in derivatives eased as funds eased their overbought position before the end of the day on Thursday. With pharmaceuticals-healthcare stocks making big profit bookings and selling in power-capital goods, metal-mining, oil-gas stocks, the Sensex fell 21.5 points. 30 were closed. The US dollar had gained 6 paise to Rs 2.7 against the rupee. Brent crude was down 20 cents at ૪ 21.8 a barrel and Nymex crude was down 3 cents at ૪૫ 4.5 a barrel.

Sensex loses 2,000 level again: sells out after reaching 304

Trading started strong today. The Sensex opened at 4.5 against the previous close of 20.8, initially gaining strength from ITC, Nestl ઈ India, Reliance Industries, TCS, Tech Mahindra and Asian Paint to 303.5 at one point. Banking-Finance stocks like IndusInd Bank, ICICI Bank, Bajaj Finserv, State Bank of India, Kotak Mahindra Bank, Bajaj Finance and Bharti Airtel, Power Grid Corp., Sun Pharma, Sun Pharma Sales of Tata Steel, including Bajaj Auto, fell at one point to a low of 7.5, falling 21.5 points to close at 4.5.

The Nifty spot bounced back to 108 at the top and fell to 1081 at the bottom

NSE's Nifty spot opened at 106.5 against the previous close of 1091. Initially, the gains were strong with Nestle India, ITC, Asian Paints, Reliance Industries, Gail India, Tata Motors, Hero MotoCorp, Eicher Motors. Returning from the uptrend, Banking-Finance stocks will be sold in pharma stocks including Cipla, Sun Pharma, Dr. Reddy's Laboratories and in oil-gas stocks including BPCL, ONGC, IOC and in Maruti Suzuki, Bharti Airtel, N1. At the end of the day, it fell by 19.50 points and closed at 10,605.50.

ICICI, IndusInd, Axis Bank, Federal Bank, Bajaj Finance broke up

In banking-finance stocks, the BSE Bankex Index fell by 104.5 points to close at 7.5 on profit-booking of large funds today. IndusInd Bank fell by Rs 2.50 to Rs 21.5, ICICI Bank by Rs 4.5 to Rs 2.50, Federal Bank by Rs 4.5 to Rs 2.50, Axis Bank by Rs 19.05 State Bank of India was down by Rs 3.50 to Rs 12.50, Kotak Mahindra Bank was down by Rs 3.05 to Rs 13.5. While Indiabulls Housing Finance fell by Rs 2.50 to Rs 205.50, BF Invest fell by Rs 20.50 to Rs 205.10, Union Bank of India fell by Rs 3.05 to Rs 2.50, DCB Bank by Rs. 4.10 down to Rs. 20.05, Bandhan Bank down Rs. 20 to Rs. 21.05, IDFC Ltd. down Rs. Ujjivan Finance fell by Rs 4.5 to Rs 310.5 and Motilal Oswal by Rs 2.50 to Rs 4.5.

Widespread offloading in small, mid-cap stocks again: 12 stocks closed negative

Market breadth remained negative as small, mid-cap, cash-strapped funds, players' wide-ranging profitable sell-offs emerged. Out of the total 6 scrips traded on the BSE, the number of decliners was 16 and the number of gainers was 19. However, 51 stocks were the only buyers in the upper circuit. Only 14 stocks had a bearish lower circuit.

1.11 lakh crore erosion in investors' wealth in a single day

Investor Assets: The consolidated market capitalization of companies listed on the BSE fell by Rs 1.31 lakh crore in a single day to Rs 13.5 lakh crore today.

FPIs / FII's net purchase of Rs 15 crore in cash in adverse environment

FIIs-Foreign Institutional Investors, FPIs-Foreign Portfolio Investors made a net purchase of Rs 12.50 crore in the cash segment today-Wednesday. A total of Rs 2.17 crore was sold against a total purchase of Rs 21.05 crore. On the other hand, DII-domestic institutional investors had a net sale of Rs 12.50 crore in cash today. Of this, a total of Rs 206.5 crore was sold against a total purchase of Rs 7.5 crore.