The Sensex fell 323 points to 38,980 on heavy selling by local funds

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Banking-Finance, Massive selling of local funds in metal stocks Sensex fell 3 points to 30

- Nifty spot down 3 points to 11,412: Selective rise in pharma, IT stocks

- Net sales of Rs 104 crore in DII cash, net sales of Rs 20 crore in FII cash

(Gujarat News Correspondent) Mumbai, Ta. 17 September 2020, Thursday

Jerome Powell, chairman of the US Federal Reserve in the US, has not signaled any concrete new stimulus measures against the continued selective rise of funds in pharma and IT stocks amid progress by global pharma companies in finding corona vaccines amid the corona epidemic. Local funds performed index-based offloading in Indian stock markets today with caution. In India, too, a more economic package, including industry, has become necessary to revive the economy and prevent the unemployment problem from escalating. With the government's coffers empty, the central government may have to carry out massive borrowings at any time. Chose to lighten up. Profit-booking in finance-banking, power-capital goods, metal-mining, oil-gas, FMCG, auto, consumer durables stocks, the Sensex fell 3 points to 3.7 and the Nifty spot fell 4.50 points to 11. The US dollar had gained 19 paise to Rs 2.7 against the rupee. In the evening, Brent crude was close to ૨ 4.50 and Nymex crude was close to. 70.15 amid narrow fluctuations in international crude oil prices.

Sensex loses 2,000 points again: 6 at the top and 6 at the bottom

Trading started today with the expected softening in caution. The negative statement of the US Federal Reserve Chairman and the meeting did not indicate any new concrete measures of economic stimulus. The Sensex opened higher at 2120.5 against the previous close of 206.5 in Indian stock markets along with Asian markets. , HDFC Ltd., State Bank of India, Bajaj Finserv, Bajaj Finance with offloading in Larsen & Toubro, Power Grid Corp, TCS, Sun Pharma, Tata Steel, NTPC, ITC, Reliance Industries, Hindustan Unilever, Hindustan Unilever At the bottom, it came down to 5.5 and finally fell by 3 points to close at 7.5.

Nifty spot loses level of 11,700: 11,600 remains intact: finally loses 3 points to 11,616

NSE's Nifty spot opened at 115.40 against the previous close of 11,605.3. Initially, Dr. Reddy's Laboratories, HCL Technology, Infosys, Zee, Maruti Suzuki, BPCL, Hero MotoCorp, Ultratech Cement, among others. , Bajaj Finance, ICICI Bank, Kotak Bank, State Bank of India with Larsen, Tata Motors, Hindalco, Shree Cement, Infratel, Adani Ports, TCS, Sun Pharma, HDFC Limited, NTPC, Reliance Industries. At the end of the day, it fell by 3.50 points and closed at 11,412.9.

September Nifty futures fall from 11,615 to 11,8: Bank Nifty futures fall from 9,51 to 8,9

Nifty-based funds in derivatives today eased the bullish overbought position. The Nifty September futures opened at 11,31 against 11,312.50, fell to 11,7.05 and ended at 11,9.50. The Bank Nifty September futures opened at 8,040 against 2,31.50, fell to 8,50.05 and closed at 2,800.05, ending at 8,6.

Banking-Finance stocks include ICICI Bank, Kotak Bank, State Bank, Edelweiss, Canfin Home, JM Fi. Decreased

The BSE Bankex Index fell by 206.5 points to close at 5.5 as banking-finance stocks resumed profit-booking today. Federal Bank fell by Rs 2.50, ICICI Bank by Rs 4.5 to Rs 2.50, Kotak Mahindra Bank by Rs 19.50 to Rs 1,205.50, State Bank of India by Rs 4.5 to Rs 19. 20, RBL Bank fell by Rs. 4 to Rs. 12.5, HDFC Bank fell by Rs. 10.5 to Rs. 104.5, Edelweiss fell by Rs. 3.10 to Rs. 31.15, Canfin Home fell by Rs. Muthoot Fin down Rs 16.15, Muthoot Fin down Rs 155.50, JM Financial down Rs 6.5 down to Rs 20.50, Bajaj Finserv down Rs 15 to Rs 2008.50, Tata Investment Rs 14.5 to Rs 3, IIFL down Rs 3.05 to Rs 4.5, Bajaj Finance down Rs 4.5 to Rs 2.50, HDFC Ltd down Rs 4.5 to Rs 13.5 .

Metal stocks weaken again in global slump: Hindalco, NMDC, Tata Steel, JSW Steel fall

Funds were being sold in metal-mining stocks today amid the possibility of a global recession, with the US Federal Reserve signaling a risk of recovery and no sign of new stimulus measures. Hindalco fell by Rs 3 to Rs 12.50, NMDC by Rs 2.50 to Rs 3.15, Tata Steel by Rs 4.5 to Rs 2.50, Hindustan Zinc by Rs 2.50 to Rs 517. 04, JSW Steel fell by Rs 4.5 to Rs 2.50, Jindal Steel fell by Rs 3 to Rs 203.10.

Profit booking in Reliance Industries: Rs 5 down to Rs 5: Gail, Petronet LNG, GSPL down

In the evening, Brent crude was close to ૨ 4.50 and Nymex crude was close to. 70.15 amid narrow fluctuations in international crude oil prices. Oil-gas stocks were softening today. Profit booking was seen today after the rally in Reliance Industries stopped. Reliance Industries fell by Rs 2.50 to Rs 4.5, Gail India by Rs 1.3 to Rs 30.50, GSPL by Rs 2.50 to Rs 205.10.

Healthcare-Pharma stocks continue to rise: Dr. Reddy's Lab. Rs 15 rises to Rs 5: JB Chemicals rises 21% in five days

Amid advances in the search for a vaccine to prevent corona, with demand for drugs rising as a result of the corona epidemic, funds in pharmaceuticals-healthcare stocks continued to be aggressive today. Dr Reddy's Laboratories has partnered with the Sovereign Wealth Fund to sell 100 million doses of Russia's Sputnik-V corona vaccine in India. The stock jumped Rs 16.05 to Rs 2.50. Among other pharma stocks, JB Chemicals rose 5 per cent in five days and today a further 10 per cent, or Rs 4.5, to Rs 103.50, Hikeal by Rs 12.5 to Rs 19.05, Panacea Biotech by Rs 15 to Rs 515. Apollo Hospital rose by Rs 2.50 to Rs 12.5, Suven Pharma rose by Rs 4.5 to Rs 2.50, Thyrocare rose by Rs 19.50 to Rs 205, APL Ltd rose by Rs 19.50. Piramal Enterprises increased by Rs 13.50 to Rs 12.5, Lupine by Rs 4.5 to Rs 104.5, Newland Lab by Rs 2.50 to Rs 118.5, Alchem ​​by Rs. 19.15 to Rs.

Attractions in IT-software stocks: HCL Technology, Emphasis, L&T Infotech, MindTree, Infosys rise

Funds in IT-Software Services stocks were the preferred pick today. Shares of European Dairy Company were awarded a contract for modernization and transformation of multi-country payroll operations to Ramco Systems. L&T Technology was up by Rs 2.50 to Rs 4.5, MindTree was up by Rs 19.50 to Rs 13.5 and Infosys was up by Rs 2.50 to Rs 10,010.5.

Small, Mid Cap stocks bounce back: 4 stocks rise Circuit: 12 stocks close positive

Funds in small, mid-cap, cash stocks rose for the second day in a row today, with operators and players heavily offloading. Out of the total 6 scrips traded on the BSE, the number of gainers was 115 and the number of declines was 16. The only seller in 4 stocks was the lower circuit against the upper circuit of the only buyer in 5 stocks.

Net sales of Rs 104 crore in DII cash

FIIs - Foreign institutional investors, foreign portfolio investors - FPIs today (Thursday) saw a net sale of Rs 2.5 crore worth of shares in the cash segment. A total of Rs 20.8 crore was sold against a total purchase of Rs 20.8 crore. On the other hand, DIIs-domestic institutional investors today saw a net sale of Rs 104.5 crore in cash. A total of Rs 21.5 crore was sold against a total purchase of Rs 4.5 crore.

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