The Sensex fell 300 points to 37,734

(Gujarat News Correspondent) Mumbai, Ta. 22 September 2020, Tuesday

For the second day in a row, funds, experts were offloading heavily today, digging into overbought positions in stocks. Corona's transition in the world began to pick up again as the second wave of Corona started in European countries. Amid preparations to re-impose lockdown in countries including UK, Italy, Spain, stocks were offloaded today in European, American and Asian countries. . Today, of course, the funds were sold in stocks, calling for a two-sided extraordinary flurry that confused players. Local funds in pharma, IT-software services stocks saw a big sell-off in automobile, capital goods, banking-finance, Reliance, FMCG, oil-gas stocks against a selective rally. The Sensex closed higher by 1,200 points intra-day today, closing at 2.0.05, down 200.05 points, and the Nifty spot, down 2.50 points at 1,118.5. Global markets saw a modest recovery today with a major erosion halted. Of course, the Hong Kong stock market continued to erode.

Sensex loses more than 1,200 points to fall by 200 points between 205 and 21

Trading started today with the expected softness with caution. The Sensex opened at 200.31 against the previous close of 308.15. Initially, IT stocks included HCL Technology, TCS, Tech Mahindra and Sun Pharma, ICICI Bank, Bharti Airtel, Tata Steel, State Bank of India. , Reliance Industries, Hindustan Unilever, ITC as well as HDFC Limited, IndusInd Bank, Axis Bank, Kotak Mahindra Bank, Bajaj Finance, ONGC, Titan, Nestle India were among the big sell-offs. . IT stocks recovered from the downtrend and came close to 202 again. But again in the last half hour of offloading, banking-finance, auto, Reliance, FMCG stocks fell to close at 8 and finally fell by 200.05 points to close at 2.08.

The Nifty spot hit a low of 1103 in the 200-point hurdle and finally fell 3 points to 1112.

NSE's Nifty spot opened at 11,601.5 against the previous close of 1,130.5 and after a narrow fluctuation in the beginning, it crashed with a bang. Offloading in Larsen Ends Tubro, IOC, Hero MotoCorp, Nestle India, Hindustan Unilever, Coal India, Kotak Mahindra Bank, IndusInd Bank, Mahindra & Mahindra, Bajaj Auto, among others, plunged to 1,109.5. IT-Software Services stocks, including Grasim, Ultratech Cement, Dr. Reddy's Lab, Sun Pharma and Cipla, recovered from the downtrend and returned to the positive zone. In the last one and a half hours, offloading increased and came down to close at 11030. At the end, it fell by 3.50 points and closed at 1113.8.

September Nifty futures fall from 11.5 to 11,12: Bank Nifty futures fall from 21,50 to 31,8

Nifty-based funds in derivatives were eroded by bearish trading today. The Nifty September futures opened at 11,9.50 against 11,9.10, fell to 11,31.5 and closed at 11,105, ending at 11,7. The Bank Nifty September futures opened at 31.8 against 31,50.50, fell to 31,412.5 and fell to 30,3.50, ending at 31.8. The Nifty 1,300 call opened at 8.30 against 30.3 and fell to 16.9 at the bottom, ending at 31.30. The Nifty 11,000 put opened at 7.50 against 7.5, fell to 2.4 at the top and ended at 12.30, ending at 19.30.

Technically down trend near Nifty spot: Nifty spot needs to close above 114 for new rally

Technically Nifty is showing a near trend downward. The Nifty needs to close above Nifty Spot 114 for a new rally in the near term.

Continued erosion in banking-finance stocks: Bandhan Bank, IndusInd Bank, Axis Bank, decline

As the banking-finance sector is forced to increase its loan moratorium, finance companies and banks have started offering loan moratorium for up to two years. The situation of banks-finance companies was to continue to sell in the banking-finance stocks of the funds. Bandhan Bank down Rs 2.50 to Rs 4.5, IndusInd Bank down Rs 12.5 to Rs 4.5, Axis Bank down Rs 10.3 to Rs 319.50, Kotak Mahindra Bank down Rs 16.15 HDFC Bank fell by Rs 131.50 to Rs 104.

Chaula Holding, IIFL Wealth, Securities, Mahindra Finance, Canara Bank, Edelweiss Gabdaya

Chaula Holding fell by Rs 20.5 to Rs 3.05, Canara Bank by Rs 2.10 to Rs 2.50, Mahindra Finance by Rs 4.5 to Rs 119.15, Edelweiss by Rs 2.50 to Rs. 21.15, Equitas fell by Rs. 2.5 to Rs. 3.5, Mannapuram fell by Rs. 3.5 to Rs. 12.5, AU Bank fell by Rs. 2.50 to Rs. 2.50, Ujjivan Small by Rs. IIFL Wealth fell by Rs 2.50, IIFL Securities fell by Rs 3.50 to Rs 2.50, IIFL Securities fell by Rs 1.50 to Rs 30.10.

FMCG stocks rebound: Advanced Enzyme, Tasty Bite, ITC, Hind Liver Decline

FMCG stocks were on a sell-off today on the back of a rebound. KSCI fell by Rs 20.05 to Rs 2.50, Advance Enzyme fell by Rs 11.5 to Rs 4.5, Dhampur Sugar fell by Rs 2.10 to Rs 12.5, Tasty Bite fell by Rs 2.50 to Rs. 10,900.5, KRBL fell by Rs. 11.50 to Rs. 3.5, Hindustan Unilever fell by Rs. 11.5 to Rs. 206.05, Nestle India fell by Rs. 216.5 to Rs. ITC was down Rs 1.5 at Rs 19.15, while Britannia was down Rs 2.50 at Rs 4.5.

Power-Capital Goods stocks fall: Larsen loses Rs 5: Adani Greens, BHEL, Graphite India break

Even in power-capital goods stocks, funds were selling heavily today. GMR Infra fell by Rs 1.50 to Rs 31.50, Adani Greens by Rs 4.5 to Rs 316.50, BHEL by Rs 1.50 to Rs 2.50, Graphite India by Rs 4.5 to Rs. 16.50, Kalpataru Power fell by Rs. 3.5 to Rs. 3.5, Lakshmi Machine Works fell by Rs. 15.50 to Rs. 219.50, Larsen & Toubro fell by Rs. 3.5 to Rs. 2.09, Thermax It was down by Rs 19.50 to Rs 21.5.

Auto stocks in reverse gear: Bosch breaks Rs 215: Maruti loses Rs 15: Tata Motors, Amar Raja breaks

Automobile stocks also continued to sell broadly today. Bosch down Rs 213.5 to Rs 19,40.50, Tata Motors down Rs 2.50 to Rs 19.10, Maruti Suzuki down Rs 19.50 to Rs 4.5, Cummins India down Rs 15.50 Amaraja Batteries fell by Rs 15 to Rs 310.50, Eicher Motors fell by Rs 2.15 to Rs 209.50, MRF fell by Rs 20 to Rs 2,8.5, Mahindra & Mahindra by Rs. 2.50 to Rs. 319.5, Hero MotoCorp fell by Rs. 2.50 to Rs.

Reliance Industries down Rs 5 to Rs 511: HPCL, ONGC, BPCL down

Oil-gas stocks continued to sell funds today on reports of declining global demand for oil as international crude oil prices fell. Reliance Industries fell by Rs 2 to Rs 311.15, Gail India fell by Rs 3 to Rs 2.15, HPCL fell by Rs 4.5 to Rs 160.50, ONGC fell by Rs 1.2 to Rs 2.50. BPCL was down by Rs 2.50 to Rs 4.5, GSPL was down by Rs 2.50 to Rs 12.5, IOC was down by Rs 1.50 to Rs 2.15.

IT-software services stocks rise: MindTree, HCL Technology, TCS, Tech Mahindra rise

The US dollar had gained 20 paise to Rs 2.7 against the rupee. The BSE IT Index rose by 120.6 points to close at 20,051.3, as funds rose sharply in IT-software services stocks today. MindTree increased by Rs 3.10 to Rs 318.05, HCL Technology by Rs 19.50 to Rs 31.50, TCS by Rs 4.5 to Rs 4.5, Tech Mahindra by Rs 13.5 to Rs. 200.50.

Selective rise in pharma stocks: Hikeal, Thyrocare, Diviz, Sun Pharma, Aarti Drugs, Torrent Pharma

Pharmaceuticals-healthcare stocks declined again today, with value-buying in preferred stocks. Hikeal increased by Rs 4.5 to Rs 19.50, Thyrocare by Rs 4.5 to Rs 301.15, FDC by Rs 4.5 to Rs 4.5, Diviz Lab by Rs 2.50 to Rs 5 .10, Aarti Drugs increased by Rs. 2.50 to Rs. 200.5, Cipla increased by Rs. 10.50 to Rs. 2.50, Torrent Pharma increased by Rs. 2.50 to Rs. 31.50, Sun Pharma increased by Rs. 20 to Rs. 210.3.

Continuous erosion in small, mid-cap, cash stocks: Only seller circuit of bearish decline in 3 stocks

Marketbroadth deteriorated today as small, mid-cap, cash stocks, funds, operators, players continued to sell widely today. Out of the total 21 scrips traded on the BSE, the number of gainers was 9 and the number of losers was 16. The only seller in 14 stocks was the lower circuit, while the only seller in 4 stocks was the lower circuit.

FPIs / FII's net sale of Rs 303 crore in cash: DII's net purchase of Rs 5 crore

FIIs-Foreign Institutional Investors, Foreign Portfolio Investors-FPIs today (Tuesday) saw a net sale of shares worth Rs 206.5 crore in the cash segment. A total of Rs 2.81 crore was sold against a total purchase of Rs 206.5 crore. On the other hand, DIIs-domestic institutional investors made a net purchase of Rs 4.31 crore in cash today. A total of Rs 206.5 crore was sold against a total purchase of Rs 7.5 crore.