Sensex jumps 700 points to 34,208
(Gujarat News Correspondent) Mumbai, Ta. 18 June 2020, Thursday
Tensions on the Indo-China border have soared across the country today as Prime Minister Narendra Modi instructed the states to start unlock-tuning preparations across the country. India has begun severing economic ties with China after Prime Minister Narendra Modi gave a clear signal yesterday that China would be retaliated against for killing 40 Indian soldiers on the Galwan border. The country's public telecom enterprises, including BSNL, have been banned from using telecom companies. Withdrawal of arrears from the Department of Telecommunications (DOT) and also by Indian Railways Dedicated Freight Corridor of India Public Venture in the Contract awarded to Beijing National Railway Research and Design Institute of Signal and Communication Group today. Made an aggressive boom. Led by finance stocks, local and foreign funds rallied all round today, with the Sensex jumping 200.15 points to close at 303.05 and the Nifty spot jumping by 310.50 points.
Sensex jumps 200 points to 205
The start of the day was a deceptive one today. After the Sensex opened at 31.3 against the previous close of 206.9 and narrowed the gap for a long time, the funds in the finance-banking stocks of funds Bajaj Finance, Kotak Mahindra Bank, HDFC Bank, HDFC Bank, HDFC Limited, Axis Bank, State Bank With the uninterrupted flow of investors in Reliance Industries and the recent success of the rights issue, the attraction of the funds has reached a record high of Rs 15 today and the rise in metal-mining stocks has led to a surge in capital goods, consumer dues and consumer dues. Reaching 01, it jumped 200.15 points to close at 303.05.
Nifty spot jumps above 10,000 again: 10111 at the top and 310 points at the end
NSE's Nifty spot opened at 3.4 against the previous close of 31.15, showing caution at the beginning and after coming down to 6.03, all-round aggressive takers in finance, banking stocks Bajaj Finserv, Bajaj Finance, HDFC Bank, Mahindra Bank, Mt. With the rapid rise in Axis Bank and the opening of the auction process for coal blocks in metal-mining stocks by Coal India, the aggressive buying of funds by Coal India, Vedanta, Tata Steel and the acquisition of funds in Reliance Industries reached 101 at one stage. In the end, it increased by 210.50 points and closed at 10,021.1.
Jio Jio: Reliance Industries hits new record high of Rs 16: Market cap crosses Rs 11 lakh crore: Shares finally rise by Rs 21 to Rs 19: Right share price rises by Rs 21 to Rs 5
The market capitalization of the company had crossed Rs 11 lakh crore at one point as the stock reached a record high of Rs 15 today on the back of aggressive fund-raising in Reliance Industries. At the end of the day, the market capitalization stood at Rs 10.50 lakh crore, up Rs 20.9 crore to Rs 12.5. Saudi Arabia's Sovereign Wealth Fund Public Investment Fund (PIF) today invested Rs 11.7 crore in buying holdings on Geo platforms and 4.5 per cent holdings, after more than Rs 1 lakh crore was invested in Geo platforms by several institutional investors in recent days. Funds stocks rose on the back of a recent encouraging response to Reliance Industries' mega rights issue. Reliance Industries' partially paid-up right share price opened at Rs 8 against the previous close of Rs 2.50, went down to Rs 2.50 and went up to Rs 3, finally rising by Rs 30.50 to Rs 4.
Bankex jumps 6 points: Bajaj Finserv rises Rs 6, Bajaj Finance rises Rs 150: Muthoot, Chaula Fin rises
In banking-finance stocks, the BSE Bankex Index jumped 4.3 points to close at 7.5 today on aggressive buying by funds. Bajaj Finserv jumped by Rs 41.50 to Rs 2.50, Bajaj Finance rose by Rs 130.5 to Rs 4.5, Muthoot Finance gained by Rs 19.10 as a result of rising gold prices in the lockdown. 20, DCB Bank jumped by Rs 4.05 to Rs 2.50, GIC Housing Finance rose by Rs 2.50 to Rs 4.5, Canfin Home Finance rose by Rs 20.5 to Rs 4.5, Karnataka Bank by Rs. 4.05 to Rs. 3.50, Chaula Fin to Rs. 4.0 to Rs. 16.05, HDFC Ltd. to Rs. 21.10 to Rs.
Kotak Mahindra Bank rises by Rs 5 to Rs 1,503: Axis Bank, HDFC Bank, Federal Bank also attract
Kotak Mahindra Bank jumped by Rs 4.5 to Rs 1,207.5, Axis Bank by Rs 15.5 to Rs 205.50, HDFC Bank by Rs 4.5 to Rs 1,013.5, State Bank of India by Rs 4 20 to Rs 12.50, Federal Bank to Rs 1.50, Citi Union Bank to Rs 1.05, ICICI Bank to Rs 6.5, IndusInd Bank was up by Rs 4.05 to Rs 2.50.
ITI, BHEL, Hindustan Copper, MMTC, Ircon International, MMTC, BEML
PSU stocks rose today on the positive side of the cancellation of Rs 4 lakh crore by AGR-related PSUs by the Department of Telecom. The government's instruction to BSNL and MTNL not to use Chinese telecom gear today saw the attraction in ITIs jump by Rs 16.05 to Rs 106.5. BHEL increased by Rs 2.50 to Rs 31.5, Hindustan Copper increased by Rs 3.50 to Rs 31.50, MMTC increased by Rs 1.2 to Rs 12.5, Ircon International increased by Rs 2.50 to Rs. 2.3, Cochin Shipyard rose by Rs 12.50 to Rs 2.50, Engineers India by Rs 4.5 to Rs 3, Rights by Rs 2.15 to Rs 4.5.
Metal-mining stocks rise at start of coal block auction: Coal India, Vedanta, Tata Steel, Hindalco rise
Funds were raised after the Prime Minister announced the start of the auction process for coal blocks in metal-mining stocks. Coal India up Rs 4.05 to Rs 12.5, Vedanta up Rs 4.5 to Rs 103.5, Jindal Steel up Rs 3.15 to Rs 19.15, Nalco up Rs 30.50, Tata Steel Hindustan Zinc was up by Rs 2.50 to Rs 19, Hindalco was up by Rs 2.50 to Rs 130.50. Funds in small, mid-cap, cash stocks, players' broad-based rally again, the market breadth was positive today. Out of the total 6 scrips traded on the BSE, the number of gainers was 16 and the number of declines was 6. The only seller in 12 stocks was the lower circuit against the upper circuit of the only buyer in 5 stocks.
Net purchase of Rs 5 crore in FPIs / FII cash, net purchase of Rs 1191 crore in DII cash
FIIs - Foreign institutional investors, foreign portfolio investors - FPIs made a net purchase of Rs 4.5 crore in cash today-Thursday. A total of Rs 31.5 crore was sold against a total purchase of Rs 216 crore. On the other hand, DII-domestic institutional investors made a net purchase of Rs 1,181.5 crore in cash today. Of this, a total of Rs 30.04 crore was sold against a total purchase of Rs 31.8 crore.
Investors' asset-market capitalization rises by Rs 1.31 lakh crore to Rs 12.5 lakh crore
Market capitalization of companies listed on the BSE-investors' wealth rose by Rs 1.31 lakh crore in a single day to Rs 12.5 lakh crore today.
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