The Sensex fell 210 points to 43961
(Gujarat News Correspondent) Mumbai, Ta. Monday, June 29, 2020
Amid a steady rise in the number of Koro infections around the world, the figures crossed a worrying one crore mark and the decision to extend the lockdown till July 31 in India and other states, including Maharashtra, was cautious. On the international front, despite the terrorist attack on the Karachi Stock Exchange in Pakistan, trading on the stock exchange continued unabated. European markets were on a modest uptrend today against the overall softening trend in Asian markets. Of course, futures in the US markets strengthened with the improvement in European markets in anticipation of further stimulus measures against the alarming increase in the number of corona cases in the US and Brazil. In Indian stock markets, selling in power-capital goods, automobile, banking-finance, metal, oil-gas, consumer durables stocks fell by 206.5 points to close at 31.8 and the Nifty spot closed at 203. The US dollar had lost 7 paise to Rs 6.5 against the rupee today. International crude oil prices rose 7 cents to. 61.11 this evening and Nymex crude rose 3 cents to close at ૭ 6.31.
The Sensex plunged by 202 points to a high of 208 and a low of 9 to a low of 910 points.
Trading started today with a softening of the expected caution. The Sensex opened at 7.5 against the previous close of 7,131.5. Power-capital goods stocks including Larsen & Toubro, NTPC and Axis Bank, State Bank of India, ICICI Bank, Bajaj Finance and Bajaj Finance Among IT stocks, Infosys, HCL Technology, TCS, Tech Mahindra and Reliance Industries, ONGC, Maruti Suzuki, Titan, Ultratech Cement were down by 206.91 points at one point. HDFC Bank, Kotak Bank, Hindustan Unilever, ITC, Nestle India, Bharti Airtel, Sun Pharma, Mahindra & Mahindra, among others, fell sharply and fell by 203.8 points to close at 219.
Nifty spot down 31 points intra-day from 105 to 105
NSE's Nifty spot opened at 10,411.5 against the previous close of 109. Initially, it rose to 107.5. Among the FMCG stocks, Hindustan Unilever, ITC, Nestle India and HDFC Bank, Kotak Mahindra Bank and Bharti Airtel saw a sharp decline and fell by 30.50 points to close at 1091.
Technically the closest trend in Nifty is positive: Closing stop loss of 7 is the closest focus. Technically bullish.
Technically the Nifty is showing a near trend up-positive on a spot basis. Technically, the closing stop loss of 7 in the Nifty spot is showing a bullish focus.
Capital Goods Index down 202 points: Bharat Forge down Rs 5 to Rs 213: Adani Green, Kalpataru, BHEL, Larsen down
Funds in power-capital goods stocks were widely sold today. Bharat Forge down Rs 2.15 to Rs 313.50, Adani Green down Rs 13.5 to Rs 4.5, Kalpataru Power down Rs 4.5 to Rs 313.50, BHEL down Rs 1.15 2.50, Thermax fell by Rs. 3.50 to Rs. 2.50, Larsen & Toubro fell by Rs. 2.50 to Rs. 5, Siemens fell by Rs. The BSE Capital Goods Index was down 206.5 points at 19.40.
Auto stocks Ashok Leyland, Cummins, Bosch, Tata Motors, MRF, Eicher fall on rising petrol, diesel prices
The large sell-off in petrol and diesel prices in recent days has led to a sell-off in auto stocks today as the possibility of a continued negative impact on automobile companies' vehicle sales continues. Ashok Leyland fell by Rs 2.50 to Rs 4.5, Cummins India fell by Rs 19.05 to Rs 4.5, Bosch fell by Rs 2.50 to Rs 10,9.50, Eicher Motors fell by Rs 2.15. MRF fell by Rs 15,110,8, MRF fell by Rs 1,312.5 to Rs 2,171.5, Hero MotoCorp fell by Rs 4.5 to Rs 209.50, Maruti Suzuki fell by Rs 2.50 to Rs 21. 20 remained. The BSE Auto Index was down 19.60 points to close at 16,116.5.
Offloading rises in IT services stocks: Tech Mahindra, NIIT Technology, Wipro, Infosys, TCS fall
The offloading of funds also increased today in IT-software services stocks. Tech Mahindra fell by Rs 14.5 to Rs 21.50, NIIT Technology fell by Rs 5 to Rs 1,312.50, Wipro fell by Rs 2.50 to Rs 412.5, Infosys fell by Rs 19.50 to Rs 21. 6, MindTree fell by Rs 12.5 to Rs 30.50, HCL Technology fell by Rs 4.5 to Rs 2.50.
Axis Bank rating downgrade: SBI, IndusInd down: Hudco, Geojit up
Banking-finance stocks saw a mixed trend today. Shares of Axis Bank were downgraded by S&P Global Ratings to Rs 305.5, down Rs 20.50, RBL Bank was down Rs 10.50 to Rs 19.5 and SBI Bank was down Rs 2.50 to Rs 19. .80, IndusInd Bank fell by Rs. 12.50 to Rs. 20.05, ICICI Bank fell by Rs. 4.5 to Rs. Equitas fell by Rs 2.50 to Rs 31, IIFL by Rs 2.50 to Rs 4.5, Ujjivan by Rs 15.5 to Rs 4.5, Indiabulls Housing Finance by Rs 11 to Rs 216.5. Were. While HDFC Bank rose by Rs 20.50 to Rs 105.50, Kotak Bank by Rs 15 to Rs 12.5, Hudco by Rs 4.5 to Rs 2.50, Geojit Financial by Rs 4.5 to Rs 5. 7, Edelweiss was up by Rs 2.50 to Rs 2.50.
FMCG stocks rise in selection: ITC dividend attraction, Nestle India, Hindustan Unilever rise
Bad market FMCG stocks were the choice of funds today. At ITC Ltd, the share price rose by Rs 10.10 per share to Rs 19.50, Hindustan Unilever rose by Rs 3.10 to Rs 216.5 and Nestle India rose by Rs 4.05 to Rs 19. 30.50, EID Perry rose by Rs. 19.50 to Rs. 2.50, Avanti rose by Rs.
Preference for small, mid-cap stocks: 6 stocks close negative despite bullish circuit in 6 stocks
Small, mid-cap stocks continued to pick up funds, players' choice today, while the only buyer on the BSE today was the upper circuit of the uptrend. The only seller in the six stocks was the lower circuit. Out of the total 9 scrips traded on the BSE today, the number of gainers was 114 and the number of declines was 16.
FPIs / FIIs sell net worth Rs 15 crore in cash: DIIs buy net worth Rs 104 crore in cash
FIIs - Foreign institutional investors, foreign portfolio investors - FPIs today (Monday) saw a net sale of shares worth Rs 19.05 crore in the cash segment. A total of Rs 301.50 crore was sold against a total purchase of Rs 4.5 crore. On the other hand, DII-domestic institutional investors made a net purchase of Rs 104.12 crore in cash today. A total of Rs 301.04 crore was sold against a total purchase of Rs 2.17 crore.
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