The Sensex rose 40 points to 39,113

(Gujarat News Correspondent) Mumbai, Ta. 27 August 2020, Thursday

The August trend in derivatives ended bullish today. Foreign fund stocks continued to take off. Of course at the end of the August trend today some funds, players bounced cautiously some of the bullish trades were milder at the end of the index-based initial rebound. Automile stocks continued to pick on the positive impact of reports that the real estate sector would be given incentives by the government and reports that the two-wheeler segment would be given relief by reducing the GST rate at today's GST Council meeting. Banking-finance stocks maintained fund buying for the fourth day in a row. With the selective buying of funds in healthcare-pharmaceuticals stocks and the attractiveness of oil-gas, consumer durables stocks, the Sensex bounced 3 points in the initial rally, after which the profit booking increased by 2.4 points to close at 3112.8 and the Nifty spot at 1. It had risen to close at 114.5.

Sensex jumps 3 points to 5 in early rally

Trading started today with a strong gap up. The BSE benchmark Sensex opened at 4.5 against the previous close of 206.5, taking in banking-finance stocks including State Bank of India, Axis Bank, IndusInd Bank, ICICI Bank, HDFC Ltd Attractions, including Tubro, Asian Paints, Titan, Tata Steel, rose 3.06 points at one point to a high of 7.5. With the return of profit bookings in Reliance Industries, ONGC, Bajaj Auto, Kotak Mahindra Bank, Ultratech Cement, Infosys, Bajaj Finserv, Hindustan Unilever, Bharti Airtel and ITC. 3 was closed.

Nifty spot initially rose 3 points to 11,417 and finally rose 10 points to 117

NSE's Nifty spot opened higher at 11,605.60 against the previous close of 119.50. In banking-finance stocks, IndusInd Bank, Stutt Bank, HDFC Ltd, Axis Bank, ICICI Bank along with Sun Pharma, Grasim, Mahindra, Maitra, Tata Motors, Attractions including Suzuki, Larsen & Toubro, JSW Steel rose 4.5 points at one point to reach 11,912.5. Including sell-off, it fell to 1140.50 and finally rose by 2.4 points to close at 114.5.

Nifty August futures rise to 1140 Settle: September 11,6 to 11.2

The August trend in derivatives ended sharply today. Of course, some bullish overbought positions eased today. The Nifty August futures opened at 11,30.10 against 11,9.50, fell to 11,8, reached 11,203.10 and finally settled at 11,40.9. The Nifty September futures opened at 11,9.20 against 11,9.20 and fell to 11,31.5, reaching 11,8.5 at the end of 11,9.20. The Bank Nifty August futures opened at 9,70 against 8,303.15, fell to 8,2.50, settled at 7,412.15 and finally settled at 8,411.30. The Bank Nifty September futures opened at 8,0.05 against 8,9.50, fell to 8,7.5, went up to 9,51 and closed at 8,605.

Technically Nifty uptrends: Nifty spot rises to close at 11,12 closing stops

According to the technical chart, the Nifty is showing a near-up trend. At the Nifty spot, the closing stop loss of 11,12 has shown a sharp rise.

Reliance Industries down Rs 6 to Rs 4,111: ONGC, Nestle India, Bajaj Auto soften

Among the stocks that fell on the Sensex today, ONGC fell by Rs 1.50 to Rs 30.50, Bajaj Auto by Rs 2.50 to Rs 205, profit booking by Reliance Industries by Rs 2.15 to Rs 311.50, Kotak Mahindra Bank by Rs. Ultratech Cement fell by Rs 4.5 to Rs 205.50, Bharti Airtel fell by Rs 4.5 to Rs 511, Nestle India fell by Rs 2.50 to Rs 12,11. .3, Hindustan Unilever fell by Rs. 2.50 to Rs. 219.50, Bajaj Finserv fell by Rs. 2.50 to Rs.

Banking stocks continue to rise selectively: IndusInd Bank, Bandhan Bank, State Bank, Axis Bank rise

The BSE Bankex Index rose by 210.5 points to close at 313.8 on the back of continued fund selection in banking stocks today. IndusInd Bank rose by Rs 4.5 to Rs 206.5, Bandhan Bank by Rs 19.50 to Rs 210.5, City Union Bank by Rs 2.50 to Rs 12.5, State Bank of India by Rs 5 Axis Bank rose by Rs 20 to Rs 318.5, Axis Bank by Rs 4.5 to Rs 3.05, ICICI Bank by Rs 2.10 to Rs 4.5.

Finance stocks remain attractive: Centrum, Religare, BF Invest, PNB Housing, Repco Home

Finance stocks also maintained a steady selection of funds today. Centrum jumped by Rs 4.5 to Rs 19.5, Religare by Rs 2.50 to Rs 2.50, BF Invest by Rs 21.05 to Rs 21.5, PNB Housing Finance by Rs 19.50 to Rs. Credit access increased by Rs 4.5 to Rs 2.15, Bajaj Holding increased by Rs 2.50 to Rs 2.50, HDFC Limited increased by Rs 3.50 to Rs 12.5, Repco Home Finance Edelweiss was up by Rs 1.8 to Rs 12.5 and Edelweiss was up by Rs 1.3 to Rs 4.5.

Continuing fundraising in Tata Motors: Mahindra & Mahindra, Exide, Maruti, Ashok Leyland attractions

Automobile stocks were on the receiving end of reports of good rains in the country on the one hand and the possibility of a reduction in GST rates for two-wheelers at the GST Council meeting on the other. Tata Motors' plan to reduce debt by Rs 2,000 crore in three years saw a steady increase in borrowings by Rs 2.50 to Rs 15.5. Mahindra & Mahindra rose by Rs 2.50 to Rs 2.50, Exide by Rs 7.5 to Rs 19.50, Ashok Leyland by Rs 1.2 to Rs 2.50, Maruti Suzuki by Rs 2.50 MRF rose by Rs 4.5 to Rs 3,105.5.

Real estate stocks rise: DLF, Prestige Estate, Suntech, Godrej, Oberoi, Shobha

Reports that the government is giving big incentives to the real estate industry with good rains on the one hand in the country on the other hand, the funds rebounded today. DLF jumps up Rs 19.50 to Rs 13.5, Prestige Estate rises Rs 19.50 to Rs 3.50, Suntech Realty rises Rs 15.5 to Rs 4.5, Godrej Property rises Rs 205 to Rs 305 .2, Oberoi Realty increased by Rs. 2.50 to Rs. 4, Brigade Enterprise increased by Rs. 2.50 to Rs. 120.50, Mahindra Life increased by Rs. 2.5 to Rs. 31.15, Shobha Developers increased by Rs. Increased to Rs.

Pharma stocks rise: Piramal, Stride Pharma, Laurus Lab., Fermenta Bio, Diviz, Alchem ​​Lab, Glenmark

Funds were also seen in healthcare-pharmaceuticals stocks today. Fermenta Bio jumped Rs 20.5 to Rs 205.50, Piramal Enterprise rose Rs 4.5 to Rs 19.40, Stride Pharma rose Rs 4.5 to Rs 4.5, Laurus Labs rose Rs 21.5. Rs 1,151.5, FDC increased by Rs 4.5 to Rs 2.15, Diviz Labs increased by Rs 31.50 to Rs 4.5, Alchem ​​Lab increased by Rs 3.50 to Rs 4.5, Glenmark increased by Rs. 2.50 to Rs. 4.5, Alembic Pharma was up Rs. 10.5 to Rs. 1001.5, Cipla was up Rs. 3.10 to Rs.

Continued attraction in small, mid-cap: 203 stocks bullish circuit: 17 stocks closed negative

Marketbroadth was negative today as profit-booking was seen in many stocks against small and mid-cap stocks. Out of the total 204 scrips traded on the BSE today, the number of gainers was 120 and the number of losers was 16. The only buyer on 209 stocks on the BSE was the bullish circuit. The only seller in 6 stocks was the lower circuit.

Net purchase of Rs 114 crore in FPIs / FII cash: Net sale of Rs 303 crore in DII cash

FIIs - Foreign institutional investors, foreign portfolio investors - FPIs made a net purchase of Rs 114.5 crore in the cash segment today-Thursday. A total of Rs 21.04 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 206.5 crore in cash. A total of Rs 216.5 crore was sold against a total purchase of Rs 4.5 crore.