The Sensex jumped 354 points to 39467

(Gujarat News Correspondent) Mumbai, Ta. 28 August 2020, Friday

As Japanese Prime Minister Shinzo Abe resigns due to his ill health, Asian markets are cautious today. The Nifty spot jumped 3.41 points and the Nifty spot jumped 3 points to 17.5. The BSE Bankex Index jumped 106.15 points to close at 31.81, as funds rallied in banking-finance stocks over the weekend. The index-based market was bullish for the sixth day in a row today. Profit booking was done in automobile, IT stocks against the preference of oil-gas, power-capital goods stocks. This was followed by profit booking over the weekend in several small, mid-cap, cash stocks. The US dollar had lost 7 paise to Rs 4.5 against the rupee today.

Banking stocks of Sensex funds rebounded intra-day by 4 points

Trading started strong today. The Sensex opened at 2.37 against the previous close of 7118.5. Infosys in IT stocks, Mahindra & Mahindra in automobile stocks with HCL technology, Power Grid Corp with Bajaj Auto in stocks, Banking-Finance stocks like IndusInd Bank, Axis Bank, ICICI Bank, State Bank of India, Kotak Mahindra Bank, Baj Finance, HDFC Limited, HDFC Bank and Bharti Airtel, ITCR, ITC Cement, including Reliance Industries, rose 2.7 points to close at 7.91.

Nifty Spot Banking-Finance, Pharma stocks surge to 11,700: jumps 3 points to 114

The NSE's Nifty spot opened at 11,606.5 against the previous close of 114.5 and fell to 119.30 after a strong rally in banking and finance stocks from the beginning, with pharma stocks being attractive and telecom stocks showing strength. Among the banking-finance stocks, IndusInd Bank, Axis Bank, ICICI Bank, State Bank of India, Kotak Mahindra Bank as well as Sun Pharma, Bharti Airtel, Adani Ports have rallied and Grasim, Tech Mahindra, Bharti Infratel, Bajaj Finance, HDF At the end of the day, it had risen by 2.4 points to close at 114.30.

Technically Nifty uptrends: Nifty spot 11,51 closing stops focus

According to the technical chart, the Nifty is showing a near-up trend. At the Nifty spot, the closing stop loss of 11,31 has shown a bullish focus.

Bank Nifty Futures 2000 jumps to 8,50: September Nifty futures rise from 11,50 to 115

Nifty-based funds today rebounded aggressively in derivatives. The Nifty September futures opened at 1,3.50 against 11,60.05, fell to 11,305 and reached 11,3, ending at 1,8. Bank Nifty September futures opened at 7,5.50 against 7,905, fell to 5,701.50, reached 8,9.50 and finally closed at 8,40. The Nifty 11,400 call for September expiry opened at 20 at 9.10, fell to 6.5, reached 8.30 and ended at 8.30. The Nifty 11,800 put opened at 50 against 115.50, fell to 104.5 at 8.15 and ended at 30.30.

Bankex surges 108 points in banking stocks: IndusInd, Axis Bank, ICICI Bank, Kotak, State Bank rise

The BSE Bankex Index jumped 104.15 points to close at 31.31 today, as funds rallied around banking stocks. Among banking stocks, Citi Union Bank jumped Rs 11.5 to Rs 120.50, IndusInd Bank jumped Rs 21.05 to Rs 2.50, Federal Bank rose Rs 4.5 to Rs 20.5, Axis Bank rose Rs 5. ICICI Bank rose by Rs. 20 to Rs. 206.50, ICICI Bank rose by Rs. 18.50 to Rs. 206.5, State Bank of India rose by Rs. 3.10 to Rs. 4.5, RBL Bank rose by Rs. .50, Kotak Mahindra Bank increased by Rs. 2.50 to Rs. 12.50, Bandhan Bank increased by Rs. 3.05 to Rs. 219.50, HDFC Bank increased by Rs. 4.05 to Rs. 1113, Canara Bank by Rs. 30 to Rs. 119.50, Bank of Baroda by Rs. 3.5 to Rs. 31.5, Bank of India by Rs.

Finance stocks continue to rise: Shriram Transport, Ujjivan, Credit Access, IDFC First Bank, Repco Home

Funds in finance stocks, high networth investors continued to be widely borrowed. Shriram Transport Finance jumped Rs 31.50 to Rs 3.10, credit access jumped Rs 4.5 to Rs 4.5, Ujjivan rose Rs 19.10 to Rs 4.05, Repco Home Finance jumped Rs 4.5. Rising to Rs 19.50, Spandana to Rs 2.50 to Rs 2.50, Equitas to Rs 5 to Rs 2.50, LIC Housing Finance to Rs 10.5 to Rs 316.50, Chaula Fin to Rs 5 The SBI card rose by Rs 19.50 to Rs 2.50.

MRF rises by Rs 205 amid profit booking in auto stocks: Ashok Leyland, Hero MotoCorp, Tata Motors, TVS down

Profit booking was seen in automobile stocks today. Of course, the MRF rose by Rs 209.50 to Rs 2,811.8. Ashok Leyland fell by Rs 5 to Rs 30.50, Hero MotoCorp by Rs 31.50 to Rs 205.5, TVS Motor by Rs 2.50 to Rs 2.50, Tata Motors by Rs 1.2 to Rs. 19.50, Eicher Motors fell by Rs. 2.50 to Rs. 219.50, Bosch by Rs. 131.50 to Rs. 18,004.5, Bajaj Auto by Rs. 2.50 to Rs.

IT stocks also weaken: Indiamart down Rs 15 to Rs 5: Emphasis, Infosys, HCL, TCS down

The US dollar fell by 3 paise to Rs 4.5 against the rupee today, while IT-software services stocks also saw a sell-off of funds. Indiamart down Rs 15 to Rs 5, Emphasis down Rs 2.50 to Rs 113.5, Infosys down Rs 11.5 to Rs 4.5, HCL Technology down Rs 4.5 to Rs 205.50, TCS It was down by Rs 10.50 to Rs 4.10.

Sun Pharma jumps Rs 5 to Rs 5: Sun Pharma Advance, Hikeal, AstraZeneca rises: Fermenta, VVMed, Newland fall

Pharma-healthcare stocks had a selective rally of funds today. Sun Pharma Industries up Rs 2.50 to Rs 2.50, Sun Pharma Advance up Rs 2.50 to Rs 120.15, Hikeal up Rs 4.5 to Rs 19.50, Astrazeneca up Rs 4.5 Metropolis was up by Rs 21.50 to Rs 13.5, Apollo Hospital was up by Rs 13.5 to Rs 19.50 and Wockhardt was up by Rs 2.50 to Rs 4. While Fermenta fell by Rs 4.5 to Rs 4.5, VVMade Lab by Rs 1.05 to Rs 20.5, Marksons by Rs 4.5 to Rs 3.05, Newland Lab by Rs 2.50 to Rs. .9.5, Alembic Ltd. was down by Rs. 2.50 to Rs.

Bank sells 2% stake in ICICI Securities: Rs 2: 1.3 crore

Shares of ICICI Bank rose by Rs 4.5 to Rs 5 amid a volume of over 1.5 crore shares sold on the NSE today as ICICI Bank sold 2% of its holdings in line with the 9% public holding norms.

Small, Mid-Cap Extensive Offloading Begins Despite 8 Stocks Rising Circuit: 16 Shares Close Negative

Market breadth was negative today as small, mid-cap stocks outperformed broad-based sell-offs of players and funds. Out of the total 205 scrips traded on the BSE today, the number of decliners was 16 and the number of gainers was 19. On the BSE, only buyers had a bullish circuit in six stocks. Of the 21 stocks, only the seller had a bearish lower circuit.

Vodafone Idea, NMDC, Ukal Fuel, Sundaram Finance, Force Motor, PVR, Vardhman Textiles

Despite selling in small, mid-cap stocks, Vodafone Idea jumped Rs 1.5 to Rs 10.10 in cash stocks, while NMDC jumped Rs 10.50 to demerger its steel plant in Chhattisgarh. 40, Ukal Fuel increased by Rs. 18.5 to Rs. 18.05, Sundaram Finance increased by Rs. 15 to Rs. 131.50, Force Motor increased by Rs. 105.50 to Rs. 119.15, Avantel increased by Rs. .40.9, PVR increased by Rs. 110.5 to Rs. 12.5, Vardhman Textile increased by Rs. 20.50 to Rs.

Net purchase of Rs 1,008 crore in FPIs / FII cash: Net sale of Rs 5 crore in DII cash

FIIs - Foreign institutional investors, foreign portfolio investors - FPIs made a net purchase of Rs 1,005.11 crore in the cash segment today-Friday. A total of Rs 218.5 crore was sold against a total purchase of Rs 216.5 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 4.5 crore was sold against a total purchase of Rs 21.50 crore.