The Sensex rose 180 points to 34911
(Gujarat News Correspondent) Mumbai, Ta. Monday, June 22, 2020
While the Indian people, outraged by China's martyrdom of Indian soldiers at the Galwan border amid the Corona epidemic, have started boycotting Made in China items, the government has also started canceling Chinese projects as the country's indigenous movement gains momentum. The bullish cycle in stocks led by companies continued unabated. Today with 'Hamara Bajaj' Funds Bajaj Group of Companies led by Bajaj Auto, Bajaj Finance, Bajaj Finsrove led banking-finance, automobile stocks with a rise in pharmaceuticals-healthcare stocks by Indian pharma giant Glenmarks Pharmaco The Sensex surged to the intra-day 2000 level and the Nifty to 1030 level, led by a tumultuous rise in pharma stocks today as two companies, including Hetero, started manufacturing the generic version of the Covid-17 drug, Remedisvir. At the same time, the Sensex rose by 12.5 points to 311.59 points at the end of the week-end slump in the derivatives of automobile, metal-mining, power-capital goods and oil-gas stocks. Were living. The US dollar had lost 15 paise to Rs 2.09 against the rupee.
Sensex intra-day lows 6 points, jumps 21 points to 313
Trading started today at the expected strength. The Sensex opened higher at 3.05 against the previous close of 71.3, led by Reliance Industries. Funds rallied from the outset and shares of Bajaj Group of Companies, including Bajaj Auto, Bajaj Finance, Bajaj Finserv, rose in pharma stocks and others. Attractions from Mahindra Bank, Axis Bank, State Bank of India, IndusInd Bank and Power Grid Corp, Tech Mahindra, NTPC, Larsen and Bharti Airtel, Tata Steel from the beginning. Profit bookings, including those of Reliance Industries, plummeted to a low of 8.30. Profit-booking rose by 12.5 points to close at 211.8, with the fund approaching the top 20 on the back of aggressive headwinds.
Nifty spot drops to 104, jumps 12 points to 108 at one point
NSE's Nifty spot opened at 105.50 on May 10, 2018. From the very beginning, Bajaj Auto, Bajaj Finance, Bajaj Finserv as well as Cipla, Dr. Reddy's Lab in pharma stocks have been booming with Reliance Industries. Attractions in metal-mining stocks including Vedanta, Tata Steel, Coal India and Power-Capital Goods stocks including Power Grid Corp, NTPC and other stocks including State Bank of India, Kotak Mahindra Bank, Axis Bank and Hero MotoCorp, UPA Shree Cement, Tech Mahindra, Eicher Motors, among others, rose by 12.5 points to 107.5 points at one point, while profit-booking fell to 103.50 points and closed at 10,211.30 points, up 3.50 points.
Glenmark Covid-17 offers Fabiflu for treatment, up Rs 111 to Rs 50
Pharmaceuticals-healthcare stocks saw an aggressive takeover of funds today. Amid claims that Glenmark Pharmaceuticals launched Fabiflu tablets last weekend for the treatment of Corona epidemic-covid patients and the drug proved to be useful for patients with mild effects, the company's aggressive take-up of shares in the stock market rose by Rs 110 per share today. It was Rs 715.50. When Cipla started manufacturing the generic version of Ramidasvir for Covid-15, the stock rose by Rs 12.50 to Rs 2.50. Among other pharma stocks, Stride Pharma Science jumped by Rs 2.10 to Rs 4.5, Sun Pharma Advanced Research by Rs 15 to Rs 19.50, FDC by Rs 2.50 to Rs 2.50, Hikeal by Rs 10. 4 increased to Rs 12.50, Wockhardt increased by Rs 2.50 to Rs 3, Newland Lab increased by Rs 3.15 to Rs 4.5, Laurus Lab increased by Rs 3.50 to Rs 4.5, Aarti Drugs increased by Rs. 2.9 to Rs. 119.5, Syngen to Rs. 20.5 to Rs. 5, Sanofi to Rs. 2.50 to Rs. 3.15, RPG Life to Rs. 4.50 to Rs. Rs 6.50 to Rs 12.50. The BSE Healthcare Index jumped 4.3 points to close at 13.8.
Profit booking after a long rally in Reliance Industries: Intra-day Rs 1,505 new record
Profit-booking took place today after the stock hit a new high in a long run in Reliance Industries. Following the success of the rights issue with massive foreign investment in Geo platforms, the attraction of the funds led to the stock closing at Rs 19.05 against the previous close of Rs 16.50 and setting a new high of Rs 1,205.10. At the end of the day, it fell by Rs 19.50 to close at Rs 12.50.
Small, Mid-Cap Stocks Rise Storm: Only Buyers' Bullish Circuit in 20 Stocks
Small, mid-cap, cash stocks witnessed an all-round bullish storm today. Out of the total 215 scrips traded on the BSE, the number of gainers was 161 and the number of losers was only 9. Only 30 stocks had a bullish upper circuit. The only seller in 120 stocks was the lower circuit.
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