Profit booking Sensex fell 394 points to 38220

(Gujarat News Correspondent) Mumbai, Ta. 20 August 2020, Thursday

US-US Index-based three-day gains were also broken in the Indian stock market today with caution in global markets as the economic picture was shown to be bleak by the Federal Reserve. Oil-gas stocks led by Reliance Industries saw a pick-up in metal-mining, power and pharma stocks along with a rally in funds. Along with this, small, mid-cap stocks also maintained a consistent pick. Funds eased its overbought position today as a precautionary measure, despite reports that talks between the US and China were canceled yesterday amid a weak economic outlook and a successful monsoon in the country. In banking-finance stocks with heavy profit booking, FMCG, IT-software services stocks as well as modest selling in automobile stocks fell by 3.50 points to 30.3 and Nifty spot closed at 31.01 points. The US dollar had gained 21 paise to Rs 2.08 against the rupee today. In the evening, Brent crude was close to નજીક 4.50 and Nymex crude was close to ૪૫ 4.5.

Sensex banking stocks fall 4 points intra-day to 315 intra-day, down 4 points to 30

Trading started today with the expected softness behind the erosion in global markets. The Sensex opened at 8.30 against the previous close of 214.5. Offloading and reliance in the banking-finance stocks of HDFC Ltd, Axis Bank, ICICI Bank, Kotak Mahindra Bank, State Bank of India, HDFC Bank, Bajaj Finance, , Larsen & Toubro, ITC, Mahindra, Titan and Sun Pharma, Nestle India, Bajaj Auto, Hindustan Unilever, Maruti, TCS, Infosys fell 3.01 points at one point to 319. It was closing at 30.8.

Nifty spot lost 11,300 intra-day level to 114 and finally fell 3 points to 11,415

NSE's Nifty spot opened at 11,412.5 against the previous close of 11,606.50, with HDFC Limited, Axis Bank, ICICI Bank, IndusInd Bank, Kotak Bank, State Bank, Tata Motors, Mahindra & Mahindra, Reliance Industries, Reliance Industries Sales, including Wipro and Larsen, fell to 119.30 and finally fell by 3.50 points to close at 11,412.50.

August Nifty futures fall from 1,150 to 11,8: Bank Nifty futures fall from 2,05 to 21,615

Nifty-based funds today partially eased the bullish trade in derivatives. The Nifty August futures opened at 1.3 against 11,40.50, fell to 11,20 from 11,50 and ended at 11,9.50. The Bank Nifty August futures opened at 8,05 against 8,305.50, fell to 5,060 and fell to 31,3.50, ending at 31,615.

Big profit booking in finance stocks: HDFC, Muthoot Finance, ICICI Prud., IIFL decline

Finance stocks today saw a sell-off in funds and investors. Despite Muthoot Finance's quarterly net profit rising 2.4 per cent to Rs 2.91 crore, the stock's sell-off fell by Rs 2.10 to Rs 119.50, Reliance Capital by 3 paise to Rs 10.9 and ICICI Prudential. Rs 14.9 down Rs 2.50, Birla Money down Rs 1.15 to Rs 4.5, IIFL down Rs 3.05 to Rs 2.50, HDFC Ltd down Rs 4.05 to Rs 15 19, HDFC AMC down Rs 2.50 to Rs 3.10, SBI Life down Rs 11.50 to Rs 21.50, Mahindra Finance down Rs 4.5 to Rs 19, JM Financial down Rs 1.50 ICICI Securities fell by Rs 4.5 to Rs 21, SBI Card fell by Rs 15.5 to Rs 206.5.

Bankex down 3 points: Axis Bank, ICICI Bank, IndusInd Bank, Kotak Bank, State Bank down

In banking stocks, the BSE Bankex Index fell by 3.05 points to close at 20.8 today. Axis Bank fell by Rs 2.15 to Rs 4.5, ICICI Bank fell by Rs 4.5 to Rs 2.50, IndusInd Bank fell by Rs 2.50 to Rs 219.5, RBL Bank fell by Rs 4.5. 15.10, Kotak Mahindra Bank fell by Rs. 18.50 to Rs. 13.5, HDFC Bank fell by Rs. 2.50 to Rs. 107.50.

Profit booking in FMCG stocks: Parag Milk, Bajaj Consumer, EID Perry, ITC, Nestle declined

FMCG stocks also saw a sell-off in funds and investors today. Everreddy fell by Rs 4.5 to Rs 19.50, Parag Milk fell by Rs 2.50 to Rs 110.5, Bajaj Consumer fell by Rs 2.50 to Rs 120.5, CCL fell by Rs 4.5 to Rs. 4.5, EID Perry fell by Rs 2.50 to Rs 4.5, ATFL fell by Rs 19.50 to Rs 5, ITC fell by Rs 2.50 to Rs 13.5, Nestle India fell by Rs 114.50. Hindustan Unilever fell by Rs 2.50 to Rs 214.5.

Crude oil softens: Oil-gas stocks attract: Indraprastha, ONGC, BPCL, HPCL rise

Brent crude was close to ૪૪ 4.50 and Nymex crude was close to ૪૫ 4.50 this evening on the back of declining international crude oil prices. Among oil and gas stocks, Indraprastha Gas fell by Rs 15.5 to Rs 210.05, ONGC by Rs 4.5 to Rs 2.15, BPCL by Rs 2.50 to Rs 219.50 and HPCL by Rs 2.50. IOC was down by Rs 1 to Rs 415.50.

Selective rally in metal-mining stocks: Jindal Steel, Coal India, Sail, JSW Steel, Hindalco rise

Metal-mining stocks continued to pick up today. Jindal Steel up Rs 4.5 to Rs 2.50, Coal India up Rs 4.5 to Rs 12.5, Sail up Rs 21.5, JSW Steel up Rs 2.10 to Rs 2.50, Hindalco It was up by Rs 2.50 to Rs 12.50.

Aarti Drugs 4: 1 share bonus issue approves 15% jump: Hike, plays, granules, Glenmark rises

Pharma stocks were the favorites today. The company's board of directors approved the issuance of bonus shares on a 3: 1 basis by the board of Aarti Drugs. The share price jumped 17.5 per cent, or Rs 4.5, to Rs 2.50. Among other pharma-healthcare stocks, Hikal rose by Rs 4.5 to Rs 12.5, Natco Pharma by Rs 4.5 to Rs 4.5, Metropolis by Rs 21.5 to Rs 19.05 and Granules by Rs 15. Glenmark Pharma rose by Rs 14 to Rs 30.10, Ipka Lab by Rs 4.5 to Rs 206.5.

LIC's holdings in Gillette India rise by Rs 15 to Rs 515

In Gillette India, LIC bought 15,000 shares, or 0.07 per cent holding, of which the stock gained Rs 131.50 to Rs 318.15.

Tata Motors, Mahindra, Maruti down: TVS Motor, Ashok Leyland, Exide, Hero Moto, Eicher up

Automobile stocks saw a mixed trend today. TVS Motor increased by Rs 12.50 to Rs 30.50, Ashok Leyland increased by Rs 5 to Rs 21.5, Exide increased by Rs 4.5 to Rs 12.5, Bosch increased by Rs 19.50 to Rs 13, 2.7, Hero MotoCorp by Rs 2.50 to Rs 2.8, Amarraja Batteries by Rs 4.5 to Rs 3.50, Eicher Motors by Rs 151.50 to Rs 21,9.50. While Motherson Sumi fell by Rs 4.5 to Rs 114.5, Tata Motors by Rs 4.5 to Rs 131.50, Mahindra & Mahindra by Rs 11.5 to Rs 311.5, Bajaj Auto by Rs 4. 8 fell to Rs. 206.9, MRF fell by Rs. 20.50 to Rs. 2,31.50, Maruti Suzuki fell by Rs. 18.5 to Rs.

Huge volume in NHPC rises 15%: Adani Trans., Tata Power, NTPC, CESC rise

There was a massive takeover of funds in power stocks today. Shares of NHPC rose 19.15 per cent, or Rs 4.5, to Rs 3.50 on the massive BSE today, with a volume of 2.7 lakh shares and a volume of over 2.5 crore shares. Adani Transmission increased by Rs 4.5 to Rs 30.10, Tata Power by Rs 4.5 to Rs 31.50, NTPC by Rs 3.50 to Rs 101.15, CESC by Rs 3 to Rs 4. Torrent Power rose by Rs 19.50 to Rs 4.5.

બ Only buyer stocks in bullish circuit: Small, mid-cap stocks continue to rise: 12 stocks close positive

Small, mid-cap, cash stocks, funds, high net worth investors, players continued to take today, the market breadth remained positive. Out of the total 6 scrips traded on the BSE, the number of gainers was 16 and the number of losers was 1,407. The only seller in 12 stocks was the lower circuit against the upper circuit of the only buyer in 5 stocks.

FPIs / FIIs to sell Rs 5 crore net in cash: DII to sell Rs 5 crore net

FIIs-foreign institutional investors, foreign portfolio investors were net sellers in the cash segment on Thursday. A total of Rs 4.5 crore was sold against a total purchase of Rs 20.5 crore. On the other hand, DII-domestic institutional investors had a net sale of Rs 2.5 crore in cash today. A total of Rs 4,110.5 crore was sold against a total purchase of Rs 4.5 crore.