The Sensex jumped 230 points to 39074

(Gujarat News Correspondent) Mumbai, Ta. Wednesday, August 26, 2020

After a cautious start to trading in Indian stock markets today with narrow fluctuations in global markets today, the funds showed long-term narrow fluctuations. Again, funds led the aggressive rise in banking-finance stocks and valued in automobile, IT-software services stocks. Was. Although the threat of Corona epidemic still lingers around the world, India, along with many other countries in the world, continues to unlock massive industrial and economic activity and the positive impact of government, Reserve Bank of India incentives is expected to accelerate economic recovery and monsoon across the country has been very successful this year. Expectations of accelerating growth in rural areas through higher growth in agriculture led to renewed aggression in fund stocks. Today, the Sensex rose by 20.05 points to 304.5 and the Nifty spot closed at 119 points, with banking and finance stocks continuing to pick up funds and automobiles and IT stocks taking the lead again and metal-mining, oil and gas stocks. .

Banking, auto, IT stocks rise 30 points to 303 after initial narrow volatility in Sensex

Trading started strong today. Of course, after the start, the market collided and narrow fluctuations continued for a long time. After the Sensex opened at 20.15 against the previous close of 7.5 and came down to 3.05, after 12:30 pm, banking stocks like IndusInd Bank, Axis Bank, Kotak Mahindra Bank, State Bank of India, ICICI Bank, Bajaj Finserv have rallied. With the start of big buying in industries and attractions in Bajaj Auto, Mahindra & Mahindra and in HCL Technology, Infosys, TCS, attractions including ONGC jumped above 8000 to reach 8111.5 and ended at 20.05 points.

Auto, Reliance, banking stocks, including Nifty spot Tata Motors, bounced 4 points to 1150

NSE's Nifty spot opened at 11,912.5 against the previous close of 114.5, after initially strengthening after narrow fluctuations in caution. The rally also saw gains in Hero MotoCorp, Bajaj Auto, Eicher Motors, Mahindra and Adani Ports, HCL Technology, Hindalco, Coal India, Infratel, Bajaj Finserv and rose by 1.31 points to close at 1191.5. Was.

August Nifty futures rise from 11,31 to 117: Bank Nifty futures rise from 203 to 4.5

Nifty-based funds saw an aggressive rally today in September ahead of the end of the August trend in derivatives tomorrow. The Nifty August futures opened at 11,40.50 against 11,31.8, fell to 11,9.10 and closed at 11,9.20, ending at 11,0.05. The Nifty September futures opened at 11,310.8 against 11,9.15, fell to 11,9.50 and reached 11,31.5, ending at 11,40.8. The Bank Nifty August Futures opened at 7,150 against 8,09.15, fell to 8,030 and reached 2,31.50, ending at 8,6. The Bank Nifty September futures opened at 9,17.50 against 7,091.50, fell to 8,05, touched a low of 8,7 and closed at 8,9.5.

Technically Nifty uptrends: Nifty spot 11,105 closing stops focus

According to the technical chart, the Nifty is showing a near-up trend. The Nifty spot closed higher at 11,105.

Amid preparations for new acquisitions, Reliance Industries begins a new wave of boom: Rs 6 jumps to Rs 518

Amid reports of new acquisitions in the e-commerce, retail sector by Reliance Industries, the funds today launched a new wave of stock gains. The stock jumped Rs 4.5 to close at Rs 313.5.

Bankex jumps 3 more points: RBL Bank, IndusInd Bank, Citi Union, Axis Bank, Kotak Bank

The BSE Bankex Index jumped 4.3 points to close at 206.9 for the third day in a row. RBL Bank jumped by Rs 11.5 to Rs 200.50, IndusInd Bank jumped by Rs 21.50 to Rs 3.10, City Union Bank jumped by Rs 2.50 to Rs 12.5, Axis Bank by Rs 11.5 16.50, Bandhan Bank up Rs. 2.50 to Rs. 3.05, State Bank of India up Rs. 1.5 to Rs. 206.5, ICICI Bank up Rs. Were living.

IIFL jumps Rs 15 to Rs 21: Dhanlaxmi Bank, Muthoot Finance, GIC Housing, Birla Money, Indiabulls

Dhanlaxmi Bank jumped Rs 4.5 to Rs 19.5, IIFL jumped Rs 19.50 to Rs 21.15, Muthoot Finance rose Rs 2.50 to Rs 30. , GIC House Finance increased by Rs 12.50 to Rs 19.50, Religare increased by Rs 3.50 to Rs 30.50, Magma increased by Rs 3.05 to Rs 4.5, Birla Money increased by Rs 4.50 Rs 31.50, L&T Finance Holdings increased by Rs 4.5 to Rs 31.5, Repco Home by Rs 3.05 to Rs 19.50, Indiabulls Housing Finance by Rs 11.50 to Rs 219. Shriram Transport Finance rose by Rs 21.5 to Rs 2.8, Mahindra Finance by Rs 2.50 to Rs 12.5, PNB Housing Finance by Rs 2.10 to Rs 4.5.

Tata Motors' debt reduction plan jumps Rs 11 to Rs 15: Hero jumps Rs 121 in anticipation of GST reduction

Automobile companies have been attracting funds in auto stocks due to the company's plans to increase demand for vehicles during the monsoon this year. Tata Motors chairman N. Chandrasekhar's statement yesterday at the company's AGM that the company plans to reduce its debt by Rs 2,000 crore in three years was raised by Rs 10.50 to Rs 13.5 crore. With the GST rate on two-wheelers expected to be reduced at the next GST Council meeting, two-wheeler stocks of the fund, Hero MotoCorp, jumped by Rs 120.50 to Rs 4,151.5. TVS Motor up Rs 21.5 to Rs 4.5, Bajaj Auto up Rs 2.50 to Rs 205.50, Balakrishna Industries up Rs 21.5 to Rs 12.5, Eicher Motors up Rs 2.5 50.50.

IT stocks rebound: Larsen Infotech jumps Rs 15.50 to Rs 21: Mindtree, Emphasis, HCL rise

IT-software services stocks also saw a resurgence of funds today. Larsen & Toubro Infotech jumped by Rs 19.50 to Rs 21.10, MindTree by Rs 4.5 to Rs 115.50, Emphasis by Rs 13.5 to Rs 1,200, HCL Technology by Rs 4.5 to Rs. 319.3, Infosys rose by Rs. 18.5 to Rs. 20.60, TCS's rating was downgraded from positive to positive by S&P, but the share price rose by Rs.

Aarti Drugs down 15% in two days: VVMed Lab., Marksons, Medicamen, JB Chemicals, Syngen

Aarti Drugs saw a steady rise after a generous bonus issue in the last two days. VVMed Lab down Rs 1.05 to Rs 30.9, Marksons down Rs 9 to Rs 21.50, Medicamen down Rs 13.5 to Rs 319.50, Syngen down Rs 16.05 to Rs 21.50 , JB Chemicals down Rs 12.5 to Rs 2.50, Torrent Pharma down Rs 21.15 to Rs 2.15, Diviz Lab down Rs 2.50 to Rs 219.15, Newland Lab down Rs 15.50 Fell to Rs.

Telecom stocks weaken: Bharti Airtel, RCom, Tata Communications, Vodafone Idea decline

In the telecom sector, funds were being sold in telecom stocks as the competition from Reliance Jio was aggravated by a signal from Bharti Airtel to raise tariffs. RCom was down five per cent at Rs 4.5, Bharti Airtel was down Rs 19.05 at Rs 313.5, Tata Communications was down Rs 13.5 at Rs 4.5 and Idea Vodafone was down Rs 4.5.

Marketbroadth positive again: Small, Mid Cap continues to rise: 6 stocks rise Circuit: 121 stocks close positive

Market breadth turned positive again today as small, mid-cap stocks continued to pick up uninterrupted funds. Out of the total 2021 scrips traded on the BSE today, the number of gainers was 121 and the number of losers was 114. On the BSE, only buyers had a bullish circuit in six stocks. Of the 313 stocks, only the seller had a bearish lower circuit.

Net purchase of Rs 121 crore in FPIs / FII cash: Net sale of Rs 114 crore in DII cash

FIIs - Foreign institutional investors, foreign portfolio investors - FPIs made a net purchase of Rs 121.31 crore in the cash segment today-Wednesday. A total of Rs 2.15 crore was sold against a total purchase of Rs 4.5 crore. On the other hand, DII-domestic institutional investors today saw a net sale of Rs 114.5 crore in cash. A total of Rs 20.8 crore was sold against a total purchase of Rs 2.31 crore.