Sensex jumps 548 points to 37020

(Gujarat News Correspondent) Mumbai, Ta. 17 July 2020, Friday

Global markets saw a strengthening amid rising retail sales in the US and China's economic recovery, despite the negative factors contributing to the global economic crisis on the one hand, and the global economic crisis on the other. Funds led by oil and gas stocks rallied over the weekend today on the back of lower crude oil prices, higher monsoon growth in agriculture and better than expected corporate India quarterly results in June 2020.

Funds led by oil and gas stocks today rallied amid reports of economic activity picking up despite the number of positive cases surpassing one million amid a steady rise in corona transition in India and now the government's readiness to boost disinvestment, including BPCL. Along with this, the demand for consumer durables increased on the back of higher demand for automobiles and FMCG stocks in anticipation of higher growth in the agricultural sector. Pharma stocks, meanwhile, continued to attract interest amid the discovery of the Covid-12 drug and vaccine.

Of course, despite the encouraging quarterly results of HCL Technology today, profit booking was done in IT stocks. Despite this, the Sensex managed to jump above the level of 2000 today and finally jumped 4.5 points to 2060.15 and the Nifty jumped 131.5 points to close at 10301.50. The US dollar had lost 18 paise to Rs 2.08 against the rupee today.

Sensex jumps to the level of 2000: goes up to 215 and finally jumps 3 points to 2030

Trading started strong today. After the Sensex opened at 2.4 against the previous close of 41.9, oil and gas stocks rose to 216.5 from the start. After 1.30 pm, funds started making major purchases in ONGC, Reliance Industries and banking-finance stocks HDFC Bank, ICJ. Finance, State Bank of India in automobile stocks Mahindra & Mahindra, Maruti Suzuki, Bajaj Auto as well as other frontline stocks Titan, Tata Steel, Hindustan Unilever, Asian Paints, Bharti Airtel, Ultratech Cement, NTP. At the end of the day, it jumped 4.5 points and closed at 2030.18.

Nifty spot jumps to 11,700 again: 104 at the top and 10 points at the end

NSE's Nifty spot opened at 108 against the previous close of 105.5, with big buyers in oil and gas stocks BPCL, ONGC, GAIL India, Reliance Industries, IOC and telecom stocks including Infratel, Bharti Airtel and Telecom stocks. Aggressive buying in durables stocks and gains in automobile stocks including Tata Motors, Mahindra & Mahindra, Hero MotoCorp, Bajaj Auto, Eicher Motors and attractions in pharma stocks including Cipla, Sun Pharma and metal stocks including Coal India, Tata Steel. In the end, it jumped 131.5 points and closed at 10,021.50.

Technically Nifty Short Term Upward Reversal: Focus on Closing Support of 1080: Strong Support at 108

Technically the Nifty spot has created an upward reversal trend for the short term. Technically, the closing stop loss of 1050 in the Nifty spot is showing a bullish focus. Nifty is showing very strong closing support 108.

Oil-Gas Index jumps 3 points: BPCL jumps Rs 20 to Rs 5: Reliance rises Rs 5 to Rs 1,311

International crude oil prices fell to close at સાંજે 6.15 an ounce in Brent crude and ૬ 50.50 a barrel in Nymex crude on Friday, as funds prepared to deregulate gas prices and prepare for disinvestment in BPCL. The BSE Oil-Gas Index jumped 3 points to close at 190.8. BPCL jumps Rs 4.5 to Rs 2.50, HPCL rises Rs 15.5 to Rs 3.10, ONGC rises Rs 2.50 to Rs 20.8, Gail India and Oil India gain Rs 4.5 lakh crore With the positive news of withdrawal of demand notice by the Department of Telecom, Gail India rose by Rs 2.50 to Rs 100.5, Reliance Industries by Rs 4.5 to Rs 1,311.5, IOC by Rs 4.5 to Rs 2.50. Were living.

Banking-Finance stocks rise again: HDFC Bank, Bandhan Bank, PFS, Muthoot Fi, SBI Cards

Banking-finance stocks saw a wide rally again today. The BSE Bankex Index jumped 206.5 points to close at 4.5. HDFC Bank rose by Rs 2.50 to Rs 105.15, Bandhan Bank by Rs 10.8 to Rs 4.5, ICICI Bank by Rs 2.10 to Rs 4.5, State Bank of India by Rs 4. PFS increased by Rs 1.5 to Rs 15.05 today, Muthoot Finance increased by Rs 30 to Rs 15.50, PTC India sought bids from interested investors to buy controlled holdings in PFS-PTC India Financial Services. 1908.50, GIC Housing Finance up Rs 2.50 to Rs 4.5, SBI Cards up Rs 2.10 to Rs 2.50, IDFC First Bank up 20 paise to Rs 4.5, JM Financial up Rs 5 .50 increased to Rs. 4.5, L&T Finance Holding increased by Rs. 1.5 to Rs. 31.5.

Good rains storm consumer durables stocks again: Voltas, Titan, VIP Industries, Whirlpool surge

With good rains across the country, the demand for consumer durables, including in rural areas, is expected to pick up today. The BSE Consumer Durables Index jumped 3.4 points to close at 3109.8. Voltas jumps Rs 4.5 to Rs 4.5, Titan jumps Rs 2.10 to Rs 4.5, VIP Industries rises Rs 4.5 to Rs 5, Orient Electric rises Rs 2.50 to Rs 19 .7, Whirlpool rose by Rs. 3.5 to Rs. 31.5, TTK Prestige rose by Rs. 3.5 to Rs.

HCL's profit rises 3% in IT stocks: Emphasis, Oracle, TCS fall: Idea Vodafone rises

IT-software services stocks traded higher today. HCL Technologies' quarterly net profit rose 5 per cent, but the sell-off fell by Rs 2.50 to Rs 4.5 amid a drop in revenue. Emphasis fell by Rs 2.50 to Rs 2.50, Oracle Finserv fell by Rs 20.05 to Rs 205.5, TCS fell by Rs 3.50 to Rs 301.5, Infosys fell by Rs 2.50 to Rs 305. Were living. Among telecom stocks, Vodafone Idea jumped by Rs 1.01 to Rs 4.5 after the court granted interim relief for its premium plan. Infratel was up by Rs 4.5 to Rs 12.5, while Bharti Airtel was up by Rs 4.5 to Rs 4.5.

Weekly fundraiser in small, mid-cap stocks: 19 stocks closed positive: 203 stocks bullish circuit

In small, mid-cap, cash stocks, the market breadth turned positive today with the withdrawal of funds and players. Was. 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 8 stocks was the bearish lower circuit while the only buyer in 203 stocks was the upper circuit.

Rs 5 crore in FPIs / FII cash, Rs 5 crore in futures purchases, Rs 303 crore in DII cash sales

FIIs - Foreign institutional investors, foreign portfolio investors - FPIs made a net purchase of Rs 3.08 crore in the cash segment today-Friday. Of this, a total of Rs 206.5 crore was sold against a total purchase of Rs 206.91 crore.

FIIs today made a net purchase of Rs 5 crore in index futures and Rs 5 crore in stock futures. On the other hand, DIIs-domestic institutional investors today saw a net sale of Rs 206.5 crore in the cash segment. A total of Rs 31.8 crore was sold against a total purchase of Rs 206.5 crore.