Sensex up 112 points to 40,544

(Gujarat News Correspondent) Mumbai, Ta. 20 October 2020, Tuesday

The index-based market remained strong today as the recovery rate in India rose sharply against the resurgence of European countries in the transition to Coro and the reports of Coro's control by February 2021 and assurances from the central government to take more stimulus measures if needed. On the global front, as the US presidential election approaches, efforts to provide the final impetus for stimulus in the US amid growing uncertainty have seen a mixed trend in markets in Asia-Pacific and European countries against the strengthening of futures in US markets. As corona results in increasing digitization around the world and the huge opportunities created for IT companies in India, the stocks of IT-software services companies rebounded today. Along with this, select FMCG stocks as well as automobile, consumer durables, pharma, power-capital goods, telecom stocks were the fund takers. The US dollar had gained 3 paise to Rs 4.5 against the rupee today. At the end of the day, the Sensex was up 114.5 points at 206.5 and the Nifty spot was up 2.3 points at 114.50.

Sensex plunges to 20,305 in early caution, IT stocks rise to 203, finally rising 115 to 205

Trading started cautiously today. The Sensex opened at 2060.8 against the previous close of 2021.50 on profit-booking of funds in oil and gas stocks including ONGC, Reliance Industries and Power Grid Corp, Power Shares including NTPC and Banking-Finance Shares HDFC. , State Bank of India, Bajaj Finance and Tata Steel, ITC, Hindustan Unilever, Maruti Suzuki fell sharply to 30,606.5. Returning from the downturn, IT stocks include HCL Technology, TCS, Infosys, Tech Mahindra and Larsen & Toubro on the pretext of winning contracts worth Rs 3,000 crore for the Mumbai-Ahmedabad bullet train. Cement, including Titan, rose to 203.01, while profit bookings rose 114.5 points to close at 206.5.

Nifty spot intra-day 11,400 jumped to the level of 117 and finally increased by 3 points to 115

NSE's Nifty spot opened at 1151 against the previous close of 114.05. Initially, oil and gas stocks were sold as a precautionary measure in ONGC, Gail India, IOC, BPCL, Reliance Industries, including , ICICI Bank, Kotak Bank, State Bank of India, NTPC, Power Grid Corp, among others. Returning from the downtrend, IT stocks including HCL Technology, Tech Mahindra, TCS, Wipro, Infosys and Bharti Airtel, Larsen, Ultratech Cement, Nestl ઈ India rose by 118.5 points to close at 1.36. .

Nifty 12,000 call rises from 7.5 to 30 and ends at 30.50: Nifty futures rise from 11.5 to 11.5

Nifty-based funds in derivatives maintained a strong bullish grip today. In the various call-put options of the October expiry, the Nifty 15,000 call opened at 20 points against 4.5, fell to 19.50, reached 30 and ended at 30.50. The Nifty opened at 20.3 against the 11,700 put at 8.30, went down to 9.10 and went up to 120, ending at 31.10. The Nifty October futures opened at 11,6.20 against 11,9.20 and fell to 11,31.05, reaching 11,7 and closing at 11,9.50. The Bank Nifty October futures opened at 5,15 against 7,9.50, fell to 5,08.5, reached 8,40.5 and closed at 7,9.50.

IT stocks rise with digitization: MindTree, HCL, Tech Mahindra, TCS, Wipro, Infosys rise

As the work-from-home culture has grown around the world since the Corona era and digitization has been adopted in many sectors, the resumption of funds in IT stocks has created ample opportunities for IT companies. The BSE IT index rose 2.10 points to close at 5,060.8. MindTree increased by Rs 2.50 to Rs 1912.50, HCL Technology increased by Rs 3.50 to Rs 30.05, Tech Mahindra increased by Rs 3.50 to Rs 30.15, Coforge increased by Rs 3 to Rs 5, Infosys rose by Rs 11.50 to Rs 115.05, Wipro by Rs 2.50 to Rs 4.5, TCS by Rs 4.5 to Rs 2.50, Emphasis by Rs 13.5 to Rs 1,415. 20 remained.

Selective rally in automobile stocks: Motherson Sumi, Ashok Leyland, Tata Motors, Bajaj Auto, Mahindra rise

Auto stocks were the top pick today amid reports of rising demand for rural vehicles in the automobile sector. Motherson Sumi rose by Rs 1.2 to Rs 105.50, Ashok Leyland by Rs 2.50, Tata Motors by Rs 1.50 to Rs 12.5, Mahindra & Mahindra by Rs 2.50 to Rs 205.50 Bajaj Auto rose by Rs 4.5 to Rs 2,008.5 and Bosch by Rs 4.5 to Rs 11,8.

Realty stocks rise, real estate stocks rise by Rs 2, Rs 2: Brigade, Godrej rise

Amid reports of a surge in purchases in the festive season, real estate stocks were picking up signals in the real estate sector amid reports of easing of stamp duty and the attraction of developers to boost property sales by lowering prices. Oberoi Realty rose by Rs 4.5 to Rs 2.50, Brigade Enterprises rose by Rs 11.50 to Rs 131.50, Godrej Properties rose by Rs 4.5 to Rs 4.5, DLF rose by Rs 4.5 to Rs. .12, Mahindra Life rose by Rs. The BSE Realty Index rose 2.4 points to close at 17.81.

Oil and gas stocks weaken: ONGC, IOC, HPCL, GAIL, BPCL, Reliance decline

Oil and gas stocks also softened today as international crude oil prices fell again. ONGC fell by Rs 1.5 to Rs 2.50, IOC by Rs 1.50 to Rs 3.05, HPCL by Rs 4.5 to Rs 19.50, Gail India by Rs 1.5 to Rs 5 .2, BPCL fell by Rs. 3.50 to Rs. 2.9, Reliance Industries fell by Rs. 20.50 to Rs.

Erosion in FMCG stocks: Rs 5 falls after Britannia result: Advanced Enzyme, DFM, Zydus fall

FMCG stocks were also selling funds today, except for the attraction of choice. Despite Britannia Industries' second-quarter net profit rising 4% to Rs 3.08 crore, analysts cut revenue estimates for the full fiscal year 2021 by 7-8% and second-quarter earnings rose 18.1% to Rs 512.11 crore. The seller had lost Rs 2.50 to close at Rs 31.50. DFM fell by Rs 11.5 to Rs 2.50, Advance Enzyme fell by Rs 2.50 to Rs 314.5, GM Breweries fell by Rs 4.5 to Rs 2.50, Zydus Wellness fell by Rs 4.5 to Rs. Hindustan Unilever's quarterly net profit rose 2.4 per cent to Rs 2,008 crore, but the stock fell by Rs 2.50 to Rs 512.10.

Attraction in Consumer Durables Stocks: Crompton, Voltas, SFL, Titan Rise

Consumer durables stocks were the favorites today. Crompton rose by Rs 3.50 to Rs 4.5, Voltas by Rs 10.50 to Rs 2.50, SFL by Rs 10.50 to Rs 150, Rajesh Export by Rs 4.5 to Rs 5, Titan It had risen by Rs 4.5 to Rs 15.

Small, mid-cap stocks continue to pick selectively: 12 stocks close positive: Only buyers in 8 stocks bullish circuit

Market breadth remained positive as small, mid-cap, cash stocks continued to be the choice of the day. Out of the total 9 scrips traded on the BSE, the number of gainers was 16 and the number of decliners was 1,418. The only seller in 21 stocks was the lower circuit against the upper circuit of the only buyer in 5 stocks.

FII's index sells net worth of Rs 5 crore in futures, sells net worth of Rs 500 crore in stock futures

FIIs and foreign institutional investors, foreign portfolio investors had net sales of Rs 2 crore in index futures and Rs 500 crore in stock futures on Tuesday.