Sebi strong in implementation of new margin system: Sensex fell 839 points to 38628

(Gujarat News Correspondent) Mumbai, Ta. 31 August 2020, Monday

Tensions escalated today after reports of renewed friction between the two countries' troops on the Indian Ladakh border by Chinese troops trying to infiltrate the border again. The expected correction-decline began today as Indian stock markets braked a relentless surge in stocks. With the border tensions today, the capital market regulator Sebi has also been adamant in implementing a new pledge and re-pledge margin system in Indian stock markets from tomorrow, Tuesday, September 1, 2020. Reports of brokers' extension requests were rejected. . Fund-brokers hammered heavily into stocks today amid estimates that the new pledge system would pose major hurdles from tomorrow. Overbought The long-overdue correction in Indian stock markets began today. Pharma-Healthcare, Banking-Finance, Automobile, FMCG, Power-Capital Goods, Metal-Mining stocks are being hammered and Metal, Realty, Oil-Gas stocks are also rising sharply. The Nifty spot was down 3.08 points from the previous close of 7.8 and the Nifty spot was down by 118.5 points to close at 206.5 points and the previous close was down 30.10 points to close at 114.30.

Sensex jumps 3 points in early trade to 5,010

Trading started today with an aggressive rally. Reliance Industries initially decided to acquire Future Group's retail, wholesale and logistics business, opening at 6.15 against the previous close of 2.81, with the acquisition of shares in oil and gas stocks, including ONGC and IT stocks. Increased to 30,010.15. News of border clashes with China led to universal offloading of funds in Sun Pharma as well as backing-finance stocks including State Bank of India, Bajaj Finance, Bajaj Finserv, ICICI Bank, Kotak Mahindra with Hamring and Mahindra in Auto Mahindra, Auto Mahindra. Selling in Larsen & Toubro, including NTPC, and a report on the implementation of a new margin system from tomorrow, saw hammering in FMCG, consumer durables metal stocks and oil and gas stocks. At the end of the day, it fell 4.05 points to close at 4.5.

Nifty spot drops 205 points from high and 30 points from next close

Oil and gas stocks, including Reliance Industries, ONGC and IOC, rallied at 118.8 against the previous close of 119.50, while IT stocks with TCS and auto stocks, including Tata Motors, rose by 12.5 points at one point. Arrived. The all-round sell-off from the highs fell by 204.5 points and from the previous close by 21.8 points at one point to a low of 114.5 and finally fell by 30.10 points to close at 114.30.

Technically Nifty Near Trend Downward Reversal: Closing above 114 required for new long position: Support 1191

Technically the Nifty spot is showing a near trend downward reversal today. It will now be necessary to close above Nifty spot 114 for a new long position in the near term. Nifty is showing strong closing support at 1121.

Bank Nifty futures hit 9,50 to 5,31: Nifty futures fell 11,8 to 11,8

The Nifty September futures opened at 11,9.50 against 119.5, fell to 11,9.5 and fell to 11,40.50 and ended at 11,9.50. Bank Nifty September futures opened at 7,200.05 against 9,6.5, went up to 8,20 and bounced back to 9,51, ending at 7,9.15.

Bankex down 214 points: City Union, Federal Bank, RBL Bank, State Bank, ICICI, Bandhan, Kotak Bank

The BSE Bankex Index fell by 319.50 points to close at 5.41 on hammering of funds as the overbought position in banking stocks eased universally today. Shares of Citi Union Bank fell by Rs 12.50 to Rs 19, Federal Bank fell by Rs 2.15 to Rs 2.50, RBL Bank's MD sold shares worth Rs 3 crore. Shares fell by Rs 12.50 to Rs. State Bank of India fell by Rs 19.50 to Rs 318.15, ICICI Bank by Rs 19.50 to Rs 20.9, Bandhan Bank by Rs 13.5 to Rs 209.05, Kotak Bank by Rs. Indsind Bank fell by Rs 2.50 to Rs 21, Axis Bank fell by Rs 13.5 to Rs 4.5.

IIFL Finance, AU Bank, Shriram Transport, CSB Bank, Awas, Daulat, Indiabulls

Finance, small bank stocks also witnessed universal offloading today. IIFL Finance fell by Rs 4.5 to Rs 31.50, AU Bank fell by Rs 4.5 to Rs 4.5, Magma fell by Rs 2.50 to Rs 2.50, CSB Bank fell by Rs 15.5 to Rs. .149.50, Religare fell by Rs. 3.5 to Rs. 3.05, housing fell by Rs. 114.5 to Rs. 1905.5, GIC Housing Finance fell by Rs. 2.50 to Rs. 109.05, Indiabulls Housing Finance fell by Rs. 14.5 down to Rs. 206.10, IIFL Securities down Rs. 2.15 to Rs. 31.8, Chaula Fin down Rs. 12.5 to Rs. 2.50, Daulat down Rs. IDFC Ltd fell by Rs 2 to Rs 4.5, Hudco by Rs 4.5 to Rs 4.05, Birla Money by Rs 4.5 to Rs 2.50, MCX by Rs 5 to Rs 15, Bajaj Finserv Bajaj Finance was down by Rs 4.95 to Rs 215.5 and Bajaj Finance was down by Rs 15.50 to Rs 4.5.

Reliance, which bought Future Retail for Rs 4,617 crore, opened at Rs 415 in the gap-opening opening, falling Rs 8 to Rs 305.

After Reliance Industries' subsidiary Reliance Retail Ventures announced its decision to buy Future Group's retail, wholesale and logistics business for Rs 2,613 crore last Saturday, the stock's share price rose by Rs 2,115.50 to Rs. It came down to Rs. 2061.9 and finally fell by Rs.

Only buyer's bullish circuit in futures group stocks: Future Retail jumps 20 per cent to Rs 19

Shares of Future Group companies Future Retail jumped Rs 3.05 to Rs 19.50 in 20 per cent upper circuit, Future Lifestyle Fashions jumped Rs 4.5 to Rs 19.5 in upper circuit and Future Consumer rose 5 per cent to Rs 19.05. , Future Enterprises rose Rs 1 to Rs 51.50 in five per cent upper circuit, Future Enterprises DVR jumped Rs 1.05 to Rs 5.50 in five per cent upper circuit, Future supply chain solution rose Rs 4.5 to Rs 5 in upper circuit. At 12.30, Future Market Networks jumped Rs 1.50 to Rs 5.5 in the five per cent upper circuit.

Pharma-Healthcare stocks rebound: RPG Life, Fermenta, Piramal, Sun Pharma, Suven Pharma, Aarti Drugs break

The long-term rally in pharmaceuticals-healthcare stocks today seems to have turned into a global recession. IOL fell by Rs 2.50 to Rs 2.50, RPG Life fell by Rs 4.05 to Rs 4.5, Fermenta fell by Rs 4.5 to Rs 2.50, Piramal Enterprises fell by Rs 12.5 to Rs. 17.5, Lincoln Pharma down Rs. 4.5 to Rs. 20.05, Sun Pharma down Rs. 20.50 to Rs. 215, Suven Pharma down Rs. 2.50 to Rs. 2.50, Ipka Lab down Rs. 6 fell to Rs. 150.15, Newland Lab fell by Rs. 2.5 to Rs. 2.50, Sanofi fell by Rs. 2.50 to Rs. 2160.15, Lupine fell by Rs.

Auto stocks in reverse gear again: Bosch breaks Rs 115: Motherson, Exide, Eicher Motors, Mahindra, Maruti fall

In automobile stocks too, the BSE Auto Index fell by 206.5 points to close at 14.8, easing the all-time overbought position. Bosch fell by Rs 115 to Rs 19,50.5, Motherson Sumi fell by Rs 2.50 to Rs 105.5, Exide fell by Rs 2.50 to Rs 12.5, Eicher Motors fell by Rs 114.5 to Rs. 304.5, Balakrishna Industries fell by Rs 4.5 to Rs 19.50, Mahindra & Mahindra fell by Rs 4.5 to Rs 209.5, Maruti Suzuki fell by Rs 2.50 to Rs 21, MRF fell by Rs 1915. 2 fell to Rs 2,05, Bajaj Auto fell by Rs 2.50 to Rs 2.50, Hero fell by Rs 4.5 to Rs 2,000.

Consumer durables stocks crash: Blue Star, Symphony, TTK Prestige, VIP Industries, Voltas Gabdaya

Consumer durables stocks also saw offloading today. Blue Star fell by Rs 31.5 to Rs 2.50, Symphony by Rs 2.10 to Rs 4.5, TTK Prestige by Rs 2.10 to Rs 2.50, VIP Industries by Rs 13.5 to Rs. 7.50, Voltas fell by Rs. 4.5 to Rs. 4.5, Whirlpool fell by Rs. 3.50 to Rs. 3111.05, Titan fell by Rs. 3.10 to Rs.

Wide gaps in small, mid cap: 3 stocks bearish circuit: 3 stocks close negative

Market breadth was negative today as small, mid-cap stocks outperformed broad-based sell-offs. Out of the total 2018 scrips traded on the BSE today, the number of decliners was 9 and the number of gainers was only 4. On the BSE, only two sellers had a bearish lower circuit. The only buyer in 20 stocks was the bullish circuit.

Investors' wealth in stock-market capitalization erodes by Rs 2.5 lakh crore in a single day

The combined market capitalization of companies listed on the BSE-investors' assets was washed away by Rs 2.7 lakh crore in a single day today to Rs 17.5 lakh crore with a massive crash in stocks.