Sensex up 173 points to 38050
(Gujarat News Correspondent) Mumbai, Ta. 17 August 2020, Monday
With the monsoon being very successful in the country this year, good rains expected high growth in agriculture in many parts of the country, optimism that the rural economy will thrive and success in the world's efforts to find vaccines and drugs against the cholera epidemic. Indian stock markets maintained bullish sentiment today along with global markets as patents and various pharma companies announced the discovery of drugs. The funds rallied aggressively in the last hour, led by automobile stocks, after the market shook in the early hours. Along with automobile stocks, consumer durables, metal-mining, FMCG stocks became fund takers. In the last hour, the Sensex and Nifty have jumped above 8,000 and 11,300, respectively, as funds have opted for IT-software services, power-capital goods and banking-finance stocks. At the end of the day, the Sensex was up 17.6 points at 2030.8 and the Nifty spot was up 31 points at 114.50.
Sensex plunges 15 points in last hour
Trading started today with a shock in caution. The Sensex opened at 204.05 against the previous close of 7.5, a precautionary measure in the ongoing Supreme Court case against RCom's massive payments to Reliance Industries over RCom's AGR, a sign of continued fund selling and banking-finance frontline stocks against the bank. The suit-case report, which was sold as a precautionary measure and was sold to ICICI Bank, fell to 2.15 from the outset. With good rains taking place in automobile stocks like Maruti Suzuki, Bajaj Auto, Mahindra & Mahindra and power-capital goods stocks with good performance of NTPC, attractions including Larsen & Toubro, Power Grid Corp. Kotak Mahindra Bank, ITC, Hindustan Unilever, including the Sensex in the last hour to take the decline to go to the top of 31116.5 and finally rose 17.5 points to close at 2030.8.
Nifty spot jumps to 11,700 again: Rises 31 points to 115 in last hour
NSE's Nifty spot opened at 114.30 against the previous close of 1113.50, initially with heavy offloading in Reliance Industries as a precautionary measure and reports of a case preparation against HDFC Bank in the US were sold in State Bank, BPCL, Bharti Airtel, Tata Motors, The sell-off fell to 1112.50. Power-capital goods stocks including NTPC, Larsen, Power Grid Corp, as well as auto stocks like Eicher Motors, Maruti Suzuki, Bajaj Auto, Hero MotoCorp, Mahindra & Mahindra and FMCG stocks rose by 1 in the last hour. In the end, it increased by 31 points and closed at 114.30.
August Nifty futures rise from 1113 to 1181: Bank Nifty futures rise from 21.3 to 21.3
Nifty-based funds in derivatives traded bullish with short covering again in the last hour, giving an initial deceptive shock today. The Nifty August futures opened at 11,8.5 against 11,12.50, fell to 11,12.5, went up to 115 and ended at 11,31. The Bank Nifty August Futures opened at 31,600 against 31.3, fell to 31.3 from 31.5 and ended at 31.3.
Auto Index jumps 3 points: Motherson Sumi, Eicher Motors, Hero, Bajaj Auto, Maruti
With good rains across the country this year, the rural economy is reviving through agriculture this year and the country's economic growth is expected to pick up and demand for vehicles is expected to grow sharply. The BSE Auto Index jumped 4.05 points to close at 19.20. Motherson Sumi rose by Rs 2.50 to Rs 19.05, Eicher Motors by Rs 4.05 to Rs 21,12.50, Hero MotoCorp by Rs 151.50 to Rs 4.5, Bajaj Auto by Rs 15. 30 increased to Rs. 5116.5, Maruti Suzuki increased by Rs. 19.50 to Rs. 5, TVS Motor increased by Rs. 2.5 to Rs. 4.5, Bosch increased by Rs. 20.5 to Rs. 12,9, Amar Raja Batteries increased by Rs. Cummins India rose by Rs 4.5 to Rs 4.5, Mahindra & Mahindra rose by Rs 4.5 to Rs 4.5.
Consumer durables stocks rise: Voltas, Titan, Blue Star, Crompton, Symphony, SFL rise
Consumer durables stocks also saw widespread buying of funds today due to good rains. Voltas jumped by Rs 13.5 to Rs 2.50, Titan Company by Rs 2.50 to Rs 115, Blue Star by Rs 2.50 to Rs 20.5, Crompton by Rs 2.50 to Rs 5. 5, Symphony rose by Rs. 5 to Rs. 31.50, SFL by Rs.
Telecom stocks including Reliance Industries, Bharti Airtel fall ahead of AGR case in Supreme Court
Before the hearing on the recovery of adjusted gross revenue (AGR) from telecom companies, the issue of whether to recover its AGR from Reliance Industries for using RCom's spectrum came up and despite the clarification that Reliance Industries has no responsibility in this matter, Telecom today said. Was. Reliance Industries fell by Rs 4.5 to Rs 2,061.5, while Bharti Airtel fell by Rs 2.50 to Rs 21.50.
FMCG stocks rise on good rains: Advance Enzyme, Emami, ITC, Hindustan Unilever, Britannia rise
Amid estimates that FMCG companies will benefit from good rains across the country, stocks were taking off today. Advanced Enzymes jumped Rs 21.5 to Rs 2.50, Emami rose Rs 2.15 to Rs 21.5, Pollen Milk rose Rs 7.5 to Rs 111.5, Britannia rose Rs 2.50 to Rs. Dalmiya Bharat Sugar rose by Rs 2.50 to Rs 12.5, Dhampur Sugar by Rs 2.50 to Rs 131.50, Balrampur Sugar by Rs 8 to Rs 12.5, ITC by Rs 2.15. Rs 12.5, Hindustan Unilever rose by Rs 2.50 to Rs 313.50.
Power-capital goods stocks rise sharply: NTPC, Thermax, Larsen, Adani Green, Siemens rise
The funds' power-capital goods stocks were widely traded today with the results of power companies. NTPC's net profit fell 2.7 per cent to Rs 2.7 crore in the quarter ended June 2020 and revenue fell 4.5 per cent to Rs 2,12.5 crore, but shares rose Rs 5 to Rs 2.50 and torrent power to Rs. 4.5 up to Rs 31.5, KEC up Rs 2.15 to Rs 313, Power Grid Corp up Rs 4.5 to Rs 12.5, Thermax up Rs 2.15 to Rs 4.5, Adani Green rose by Rs 2.50 to Rs 2.10, Larsen & Toubro rose by Rs 15.5 to Rs 1,000.50, Finolex Cable rose by Rs 2.50 to Rs 4.5, Siemens rose by Rs 12.5 to Rs .12.5.
Metal stocks rise: Jindal Steel rises by Rs 15 to Rs 5: Vedanta, Hindalco, Coal India, Tata Steel rise
Metal-mining stocks were also the choice of funds today. The report on rising industrial recovery signaled a growing global demand for the metal. Jindal Steel rose by Rs 11.50 to Rs 7.5, Vedanta by Rs 2.50 to Rs 13.5, Hindalco by Rs 2.50 to Rs 19.50, Coal India by Rs 2.15 to Rs. 12.5, Tata Steel rose by Rs. 2.50 to Rs. 2.4, JSW Steel by Rs.
Small, mid-cap stocks rebound broadly: 3 stocks rise circuit: 12 stocks close positive
Marketbroadth was positive today as small, mid-cap, cash stocks rallied again today. Out of the total 6 scrips traded on the BSE, the number of gainers was 16 and the number of decliners was 114. The only seller in 203 stocks was the lower circuit against the upper circuit of the only buyer in 6 stocks.
Revati Equipment, PTC, Thyrocare, Reddington, Best Agro, Balaji Amines, Munjal Auto
The quarterly revenue of Revati equipment increased from Rs 12.5 crore to Rs 31.8 crore and net profit increased from Rs 4.05 crore to Rs 2.8 crore. Aggressive buyers of the stock jumped by Rs 4.50 to Rs 2.50, PTC. Industries jumped Rs 115.50 to Rs 3, Thyrocare jumped Rs 13.5 to Rs 4.5, Redington rose Rs 13.5 to Rs 19.50, Best Agrolife's first quarter revenue rose to Rs 206.15 crore. Shares rose three-fold to Rs 19.31 crore from Rs 3.04 crore and net profit tripled to Rs 19.51 crore. Balaji Amines rose by Rs 19.10 to Rs 21.15 and Balaji Amines by Rs 105. 16 jumped to Rs 2.50, Munjal Auto jumped Rs 2.10 to Rs 4.5, Munjal Showa rose by Rs 11.50 to Rs 12.5, Taichi Industries rose by Rs 2.50 to Rs 4.5. Were.
Net purchase of Rs 5 crore shares in FPIs / FII cash: DII's net sale of Rs 316 crore
FIIs-foreign institutional investors, foreign portfolio investors made a net purchase of Rs 2.50 crore in the cash segment today-Monday. A total of Rs 4.05 crore was sold against a total purchase of Rs 4.5 crore. On the other hand, DIIs-domestic institutional investors today saw a net sale of Rs 216.5 crore in cash. A total of Rs 4.5 crore was sold against a total purchase of Rs 2.50 crore.
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