Sensex down 552 points 33228: Nifty spot down 159 points 9814

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- Sold in consumer durables, metal, auto stocks
- FPIs / FII's net sales of Rs 30 crore in cash, DII's net purchases of Rs 1076 crore in cash

(Gujarat News Correspondent) Mumbai, Ta. 15 June 2020, Monday

In the first wave of the Corona virus epidemic, the number of cases in India continues to rise, with the crackdown on locomotives spreading again and more than 100 positive cases in Beijing in China, the second wave of corona in the world caused a major downturn in the global economy. Along with China, US futures were also softening amid growing concerns over the rise in corona cases in 20 states.

The BSE Bankex Index fell 2.4 points to close at 5.31 on the back of a sharp fall in funds, with reports of a resurgence in the banking and finance sector in the Indian stock market in the coming days and the possibility of banks getting into trouble with a number of finance companies. Along with banking, sell-off in consumer durables, metal-mining, automobile, power-capital goods stocks, the Sensex fell 4.05 points to 3.30 and the Nifty spot fell 19.60 points to close at 314.50. The US dollar had gained 19 paise to Rs 2.09 against the rupee. International crude oil prices softened this evening, with Brent crude falling 21 cents to ૩૮ 2.3 and Nymex crude falling 3 cents to close at ૪૩ 4.5.

The Sensex opened at 20.8 against the previous close of 20.8, with two more institutional investors investing heavily in geo-platforms in Reliance Industries, HCL Technology, Sun Pharma, ONGC from the outset, banking-finance stocks, INC, INC Bank, State Bank of India, HDFC Limited, Kotak Mahindra Bank and Tata Steel, ITC, Larsen & Toubro, Bharti Airtel, Maruti Suzuki, Hero MotoCorp, Mahindra & Mahindra, among others. By the end of Khabki, it had dropped 4.05 points to close at 8.30.

The Nifty spot opened at 210.5 against the previous close of 7.30, with Reliance Industries, Gail India, Wipro, HCL Technology, Hindalco and others taking a softening from the outset in off-loading in banking-finance stocks. In consumer durables stocks, the offloading fell by 4.5 points at one point to a low of 5.5 and finally fell by 19.50 points to close at 314.50.

Funds in banking-finance stocks had a big sell-off today. IndusInd Bank fell by Rs 2.50 to Rs 4.5, Federal Bank by Rs 2.50 to Rs 4.5, Axis Bank by Rs 13.5 to Rs 4.5, RBL Bank by Rs 4.5 Rs 161.50, ICICI Bank down Rs 12.5 to Rs 30.50, HDFC Bank down Rs 2.50 to Rs 20.50, State Bank of India down Rs 2.50 to Rs 19.05 Kotak Mahindra Bank was down by Rs 20 to Rs 13.5 and City Union Bank was down by Rs 4.5 to Rs 15.

While BF Invest fell by Rs 19.5 to Rs 2.50, Bandhan Bank by Rs 19.05 to Rs 2.50, Muthoot Finance by Rs 19.50 to Rs 2.50, Bajaj Finance by Rs 2.50. Bajaj Finserv fell by Rs 20.5 to Rs 2105.5, LIC Housing Finance fell by Rs 10.5 to Rs 20.50 and Mannapuram Finance fell by Rs 4.5 to Rs 121.05. .

In the automobile sector, there was a big sell-off of funds again. With petrol and diesel prices rising by as much as Rs 4 per liter in a short span of time, funds were selling on the possibility of a negative impact on vehicle sales. Tata Motors fell by Rs 2.50 to Rs 100.5, Motherson Sumi fell by Rs 2.5 to Rs 21.5, Exide fell by Rs 2.50 to Rs 12.5, Eicher Motors fell by Rs 2.5 to Rs .12,9.50, Hero MotoCorp fell by Rs. 8 to Rs. 4.5, Bosch fell by Rs. 2.5 to Rs. 10,9.10, Bajaj Auto fell by Rs. 2.50 to Rs. 20.10, Maruti Suzuki MRF was down by Rs 4.5 to Rs 2.50 and MRF was down by Rs 5 to Rs 3,09.5.

In China, the Corona virus again raised its head to sell in metal-mining stocks of funds. Nalco fell by Rs 1.5 to Rs 30.15, Jindal Steel by Rs 2.50 to Rs 16.05, Tata Steel by Rs 11.5 to Rs 309.05, Sail by Rs 1.05 to Rs. 6.50, JSW Steel fell by Rs. 2.50 to Rs. 12.50, NMDC fell by Rs. 4.5 to Rs.

In consumer durables stocks, Titan fell by Rs 4.5 to Rs 4.5, Whirlpool fell by Rs 4.5 to Rs 2017.50, Symphony fell by Rs 19.50 to Rs 4.5 and TTK Prestige fell by Rs 2.50. Blue Star was down by Rs 2.50 to Rs 3.50, Crompton was down by Rs 2.50 to Rs 21.50.

Even in small, mid-cap, cash stocks, funds were selling today, but in a number of stocks, the value-buying market breadth remained positive. Out of the total 6 scrips traded on the BSE, the number of gainers was 1,407 and the number of losers was 16. The only seller in 17 stocks was the lower circuit, as opposed to the upper circuit of the only buyer in 6 scrips.

FIIs-FPIs investors were net sellers of Rs 20.5 crore in the cash segment today-Monday. Of this, a total of Rs 206.50 crore was sold against a total purchase of Rs 4.5 crore. On the other hand, DIIs-domestic institutional investors made a net purchase of Rs 104.5 crore in cash today. Of this, a total of Rs 4.5 crore was sold against a total purchase of Rs 4.05 crore.

Right-part-paid shares of Reliance Industries listed at 8% premium cross Rs 700
 Shares of Reliance Industries rose by Rs 2.50 to Rs 1,218 today on the back of a massive influx of investors into the Geo platforms yesterday. With today's listing of Reliance Industries' right shares, apartly paid-up shares were listed at a premium of 3%. The stock had a premium of 3% against Rs 2.09. But in terms of instinctual value, the premium was a whopping 5 per cent. The partially paid-up share price closed above Rs 200 today. After opening at Rs 6 on the BSE, it rose by 3.5 per cent to Rs 200.5 and on the NSE, it was at the bottom of Rs 2.50 and at the top of Rs 310.5 and finally at Rs 200.10.

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