Sensex fell 8 points to 37973

(Gujarat News Correspondent) Mumbai, Ta. 29 September 2020, Tuesday

After a tumultuous rally earlier in the week yesterday, funds today stayed away from bullish big trading as if the index-based crash had shown a deceptive move ahead of the slump. The postponement of the Monetary Policy Meeting (MPC) by the Reserve Bank of India has been viewed with suspicion by some sections of the market and the country's economy is deteriorating day by day, with the central government likely to be forced to borrow heavily from the Reserve Bank of India in the coming days. The trend is that foreign funds are choosing to alleviate their overbought position in Indian stock markets with every upswing on fears of a very bad performance. The funds offloaded banking-finance stocks today, despite reports that the government would inject new Rs 30,000 crore into banks, indicating that PSU banks are in a bad shape. Of course, metal-mining, consumer durables, IT and auto stocks saw index-based stability in the market at the end of a two-day slump today. At the end of the day, the Sensex was down 2.31 points at 3.4 and the Nifty spot was down 3.15 points at 114.50.

The Sensex plunged 4 points at the end of the day, falling between 21 at the bottom and 6 at the top.

Trading started strong today. The Sensex opened higher at 218.5 against the previous close of 21.8, with IT stocks led by TCS gains in metal-mining stocks, including Tata Steel and Reliance Industries, Ultratech Cement, HDFC Ltd, HDFC Bank and Maruti Suzuki. 8 was reached. Banking-Finance stocks such as IndusInd Bank, Axis Bank, Bajaj Finserv, Bajaj Finance, Kotak Mahindra Bank, ICICI Bank and ONGC, ITC, Bajaj Auto, Power Grid Corp, Bharti Airtel, Bharti Airtel Sales at Nestle India, including Larsen, fell to a low of 21.8, then jumped above the 2000 level to close above 500, ending at 2.3, down 3.91 points.

The Nifty spot fell five points at the end of Fungolai between 11,608 at the top and 11,121 at the bottom.

NSE's Nifty spot opened higher at 115.50 against the previous close of 114.5. Initially, IT stocks rose in TCS, Infosys rose in Reliance Industries, metal stocks including Hindalco, Tata Steel, JSW Steel and auto stocks including Maruti Suzuki Among the cement stocks, Ultratech Cement, Shree Cement's Levalie and Titan, HDFC Ltd, HDFC Bank, BPCL, Asian Paint saw gains at one point to reach 11,607.50. The sell-off in banking-finance stocks and FMCG stocks fell to 11,171 and ended at 5.95 points, down 2.15 points.

Profit booking in banking-finance stocks: IndusInd Bank, Axis Bank, Bandhan Bank declined: HDFC stocks strengthen

Funds in banking-finance stocks were sold profitably today. IndusInd Bank fell by Rs 12.50 to Rs 4.5, Axis Bank by Rs 19.50 to Rs 4.5, Federal Bank by Rs 1.50 to Rs 2.50, Bandhan Bank by Rs 2.10. Rs 2.50, RBL Bank down Rs 2.50 to Rs 120.05, ICICI Bank down Rs 4.5 to Rs 4.5, Kotak Mahindra Bank down Rs 12.5 to Rs 12.5, Bank Of Baroda fell by Rs 5 to Rs 31.5, PNB by Rs 1.10 to Rs 3.05, DCB Bank by Rs 4.5 to Rs 2.50, IIFL Wealth Management by Rs 2.50 to Rs. 2.50, PNB Housing Finance down Rs 4.5 to Rs 2.50, Equitas down Rs 1.50 to Rs 20.50, Bajaj Holding down Rs 2.50 to Rs 4.05, Indiabulls Housing Finance down Rs 2.15 to Rs. 18.05, Bajaj Finserv was down by Rs. 101.50 to Rs. 3.50. While HDFC Bank rose by Rs 4.5 to Rs 107.50, HDFC Limited rose by Rs 20.50 to Rs 1912.50.

Profit booking in FMCG stocks: Radico, Globus Spirit, Dhampur, Advanced Enzyme, ITC, ADF Food declined

FMCG stocks also witnessed a sell-off in funds today. Radico fell by Rs 13.5 to Rs 4.5, Globus Spirit fell by Rs 2.50 to Rs 30.9, Dhampur Sugar fell by Rs 3 to Rs 19.50, Advance Enzyme fell by Rs 2.50 to Rs 4 80, ADF Foods fell by Rs 10.8 to Rs 216.5, Tata Consumer fell by Rs 19.50 to Rs 205.10, ITC fell by Rs 3 to Rs 12.5, Hindustan Unilever fell by Rs 2.50. At Rs 303.50, Godrej Consumer fell by Rs 4.5 to Rs 303.15.

Selective rally in auto stocks: Hero MotoCorp, Motherson Sumi, Balakrishnan, Bosch, Maruti, Eicher

Auto stocks were up for choice today ahead of the release of September vehicle sales figures by automobile companies. Hero MotoCorp increased by Rs 4.5 to Rs 316.5, Motherson Sumi by Rs 4.5 to Rs 115.50, Balakrishna Industries by Rs 2.50 to Rs 19.50, Amar Raja Batteries by Rs 4.5 Rs 2.15, Bosch Ltd rose by Rs 151.5 to Rs 19,9.50, Eicher Motors by Rs 15.5 to Rs 316.50, Maruti Suzuki by Rs 21.50 to Rs 2.50, MRF rose by Rs 13.5 to Rs 2,8.5.

Continued attraction in IT stocks: TCS, Ramco System, Oracle Finserv, Persistent System

IT-software services stocks maintained their choice of funds today. Ramco system increased by Rs 19.50 to Rs 302.5, Persistent system increased by Rs 30.15 to Rs 19.50, MindTree increased by Rs 3.50 to Rs 13.5, TCS increased by Rs 31.50 to Rs. 2.4, Oracle Finserv rose by Rs. 3.50 to Rs. 203.50.

Funds rise in cement, metal stocks: Ultratech Cement, Shree Cement, Hindalco, Jindal Steel, Tata Steel rise

Cement, metal-mining stocks were the choice of funds today. Among cement stocks, Ultratech Cement rose by Rs 19.50 to Rs 205.50, Shree Cement by Rs 20.50 to Rs 19,8.5, Ambuja Cement by Rs 4.5 to Rs 318.5, JK Lakshmi Cement by Rs. 2.3 to Rs. Among metal-mining stocks, Hindalco rose by Rs 2.50 to Rs 12.5, Jindal Steel by Rs 4.5 to Rs 19.15, JSW Steel by Rs 4.5 to Rs 4.05, Tata Steel by Rs 4. .02 increased to Rs. 20, NMDC increased by Rs. 1.05 to Rs. 2.50, Hindustan Zinc increased by Rs. 2.5 to Rs. 215, delisting offer was announced by promoters in Vedanta. .10 remained.

Choice attraction in consumer durables stocks: Titan, Crompton, Whirlpool, Symphony rise

Consumer durables stocks were the choice of funds today. Crompton rose by Rs 19.50 to Rs 4.5, Whirlpool by Rs 20.50 to Rs 313.50, Symphony by Rs 7.5 to Rs 2.50, Titan by Rs 4.5 to Rs 115. 6 were living.

Small, mid-cap stocks plummet: 3 stocks downtrend circuit: 12 stocks close negative

Marketbroadth was negative as funds, operators and players were selling in stocks today amid caution amid sudden surge in small, mid-cap and cash stocks. Out of the total 20 scrips traded on the BSE, the number of gainers was 1191 and the number of losers was 16. The only seller in 4 stocks was the lower circuit against the upper circuit of the only buyer in 5 stocks.

Mazgaon Dock Shipbuilders' IPO doubled on the first day

The stock IPO of Mazgaon Dock Shipbuilders Ltd, which opened today, more than doubled on the first day. Against the total issue of 2,09,8,017 shares, bids were received for 2,8,8,9 shares today. This issue of price band of Rs 15 to Rs 15 per share will close on October 1, 2020.

The issue of UTI AMC filled 3% on the first day

The IPO of UTI Asset Management Company's shares, which opened today, was 3% full on the first day. Bids were received today for 21,5,8 shares of the 2,4,50,8 shares IPO. The IPO with a price band of Rs 5 to Rs 2 per share will close on October 1, 2020.

FPIs / FII Index Net Selling Rs 5 Crore Shares: Buying Rs 14 Crore in Stock Futures

FIIs - Foreign institutional investors, foreign portfolio investors - FPIs today (Tuesday) had a net sale of Rs 3 crore in index futures. While in stock futures made a net purchase of Rs 15 crore.