The Sensex gained 214 points to 38,435

(Gujarat News Correspondent) Mumbai, Ta. 21 August 2020, Friday

Funds rallied over the weekend again. After index-based weakness softened yesterday, funds led by banking-finance stocks rebounded today and curry in consumer durables, healthcare-pharma stocks brought the market into the positive zone. Funds rallied today amid expectations that the performance of companies will improve in the coming months as the monsoon continues to be good and the country emerges from the lockdown of the Corona epidemic. The US dollar had lost 19 paise to Rs 2.7 against the rupee. On the international front, tensions between the US and China and a bleak picture of the US Federal Reserve's economic picture have led to a mixed trend in global markets, including the US, as unemployment claims rose yesterday. Banking-Finance, Consumer Durables and Pharma stocks gained 214.5 points to close at 3.8 and the Nifty spot rose by 2.50 points to close at 1191.50.

The Sensex has rallied from the beginning to the top 6, to 311, and finally to the top with a gain of 215 points.

Trading started strong today. The Sensex opened at 41.8 against the previous close of 20.8, with power-capital goods stocks including NTPC, Power Grid Corp and banking-finance stocks HDFC Bank, State Bank of India, Axis Bank, ICICI Bank, HDCF and HDFC. Among FMCG stocks, ITC, Hindustan Unilever, Nestle and Ultratech Cement, Tech Mahindra, Sun Pharma and Asian Paints rose by 2.3 per cent. With the rise in profit bookings, sales of ONGC, Reliance Industries, Bharti Airtel, Tata Steel, Infosys, HCL Technology, TCS and Bajaj Finserv, Maruti Suzuki, Larson and others have been on the rise. The point was closed at 7.5.

The Nifty spot rose to 11,418 at the top and 114 at the bottom, increasing by 3 points to 119.

NSE's Nifty spot opened at 1140.50 against the previous close of 11,312.50. Attractions including ICICI Bank and Titan, Eicher Motors, Shree Cements, Tech Mahindra, including Zee Entertainment, Hindalco, ONGC, Reliance Industries, Tata Motors, Bharti Airtel, Infosys. .40 points to close at 1121.30.

Banking stocks rise 415 points: Citi Union Bank, HDFC Bank, Federal, State Bank

The BSE Bankex Index rose by 316.05 points to close at 8.30 as banking stocks rebounded today. Citi Union Bank rose by Rs 4.5 to Rs 16.10, HDFC Bank by Rs 2.10 to Rs 105.50, Federal Bank by Rs 1.50 to Rs 2.50, State Bank of India by Rs 5 Axis Bank rose by Rs 4.5 to Rs 20.50, RBL Bank rose by Rs 3 to Rs 19.10, ICICI Bank rose by Rs 4.5 to Rs 21.15, Kotak Mahindra Bank was at Rs 13.5.

Bank of Maharashtra, IDBI Bank, Tata Investment, JSW Holding, SBI Cards rise in finance stocks

The BSE Finance Index also rose by 20.5 points to close at 216.8 on broad buying in finance stocks. Bank of Maharashtra rose by Rs 1.5 to Rs 12.51, IDBI Bank rose by Rs 3.50 to Rs 4.5, J&K Bank rose by Rs 1.50 to Rs 12.5, Karnataka Bank by Rs 4 JSW Holdings rose by Rs 2.15 to Rs 4.5, Max Financial rose by Rs 15.5 to Rs 2.50, Tata Investment Corp rose by Rs 4.5 to Rs 4, SBI Cards rose by Rs 31.5 to Rs 2.50, Max Ventures by Rs 1.15 to Rs 2.15, ICICI Prudential by Rs 4.5 to Rs 4.5, Bajaj Holdings by Rs 2.50 Rs 30, SBI Life Insurance was up Rs 4.5 to Rs 21.

Healthcare-Pharma stocks rise: Aarti Drugs, Newland Lab., Stride, Solara Active, Sun Pharma, Laurus Lab.

Funds were also being raised in healthcare-pharmaceuticals stocks today. In Aarti Drugs, a three-share bonus per share allowed the stock to bounce back by Rs 4.5 to Rs 313.5 in the 10 per cent upper circuit, Newland Lab to Rs 100.15 to Rs 2.50, Stride Arcolab to Rs 2.50. Solara Active rose by Rs 2.50 to Rs 21.5, Laurus Labs rose by Rs 4.5 to Rs 1191.5, Sanofi India rose by Rs 2.50 to Rs 209.5, Jubilant Life rose by Rs 305.5. Albert David increased by Rs. 18.15 to Rs. 206.5, Sun Pharma by Rs. 10.5 increased to Rs. 2.50, Alembic Pharma increased by Rs. , Diviz Lab.

Selective rally in consumer durables stocks: Whirlpool jumps Rs 151 to Rs 4,150: Symphony, TTK Prestige, Titan rise

Consumer durables stocks were also selectively taking funds during the festive season and good rains. Whirlpool rose by Rs 131.5 to Rs 4,150.50, Symphony by Rs 4.5 to Rs 301.50, TTK Prestige by Rs 19.50 to Rs 5, VIP Industries by Rs 4.5 to Rs 4. 07, Bajaj Electricals rose by Rs 2.50 to Rs 2.50, Blue Star by Rs 2.15 to Rs 4.5, Titan Company by Rs 2.50 to Rs 114.5. The BSE Consumer Durables Index rose 2.4 points to close at 7,12.5.

Power stocks continue to rise: BHEL, NTPC, Power Grid Corp, Thermax, KEC, Siemens, ABB

Funds in power-capital goods stocks continued to rise. BHEL increased by Rs 2.15 to Rs 20.5, NTPC increased by Rs 3.50 to Rs 105.5, Power Grid Corp increased by Rs 4.5 to Rs 16.05, Thermax increased by Rs 15.50 to Rs. 31, KEC International increased by Rs 3.15 to Rs 313.5, Siemens by Rs 19.10 to Rs 19.50, ABB India by Rs 11.5 to Rs 20.5, Adani Transmission by Rs 1.3. Increased to Rs. In capital goods stocks, Honeywell Auto rose by Rs 4.5 to Rs 2.50, Carborundum by Rs 19.50 to Rs 20.50, Lakshmi Machine by Rs 19.05 to Rs 2.50, Grindwell Norton by Rs 15. .15 and stood at Rs.

૩૯૨ Only buyer's stock in bullish circuit: Small, mid-cap stocks continue to rise: 1908 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 9 scrips traded on the BSE, the number of gainers was 1,217 and the number of decliners was 1,011. The only seller in 12 stocks was the lower circuit against the upper circuit of the only buyer in 4 stocks.

BASF rises 30%: Butterfly, Wabeg, Ashahi India, Saint Gobain, Wimaplast, Fluodomate, Maithan Alloys

Many small, mid-cap, cash stocks were bullish today. Basf India jumped by Rs 2.50, or 40 per cent in the upper circuit, to Rs 1,314.15, Butterfly by Rs 4.50 to Rs 205.50, Wabeg by Rs 2.50 to Rs 219.10, NIIT Limited by Rs 15. 30 increased to Rs. 18, Ashahi India increased by Rs. 21.5 to Rs. 3.5, Hindustan Oil Exploration jumped by Rs. 10.50 to Rs. 31.50, Wimaplast jumped by Rs. 2.5 to Rs. 211.5, Fluodomet The alkaline amine was up by Rs 19.9 to Rs 19.5, the alkaline amine was up by Rs 2.50 to Rs 313.5 and the methane alloy was up by Rs 2.50 to Rs 2.09.

Net purchase of Rs. 210 crore shares in FPIs / FII cash: DII net sale of Rs. 20 crore

FIIs-foreign institutional investors, foreign portfolio investors were net sellers in the cash segment on Friday. A total of Rs 4.11 crore was sold against a total purchase of Rs 2.11 crore. On the other hand, DIIs-domestic institutional investors had a net sale of Rs 30.5 crore in cash today. A total of Rs 4.08 crore was sold against a total purchase of Rs 4.5 crore.