Sensex up 255 points to 39982

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(Gujarat News Correspondent) Mumbai, Ta. 16 October 2020, Friday

Funds led by banking stocks rallied again over the weekend in Indian stock markets over the weekend, despite a softening in markets in countries including the US and Europe amid a resurgence of corona virus cases and re-lockdown measures in European countries. With the country facing a serious economic crisis and the central government being forced to borrow heavily from the Reserve Bank of India, the Reserve Bank of India (RBI) announced open market operations of Rs 10,000 crore in State Development Loans (SDLs) on October 24, 2020. And amid the government's decision to borrow Rs 1.1 lakh crore from states for GST consolidation shortfalls, funds today showed a boom in deceptive short covering. Along with banking-finance stocks, IT, pharma, capital goods-power, consumer durables, metal-mining, oil-gas stocks, the Sensex rose 4.5 points to 7.8 and the Nifty spot rose by 10.10 points to close at 114.5. The US dollar had lost four paise to Rs 4.5 against the rupee today. International crude oil prices softened modestly today, with Brent crude falling 3 cents to ૬૭ 2.8 and Nymex crude falling 3 cents to close at ૫૩ 20.8.

Sensex jumps 5 points intra-day to close at 30,000

Trading started bullish today. The Sensex opened at 7.21 against the previous close of 7.91 and from the outset in banking-finance stocks including HDFC Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, State Bank of India, ICICI Bank, HDFC Ltd, Bajaj Finswani Among metal stocks and IT stocks, Infosys, Tech Mahindra, TCS as well as Ultratech Cement, Titan, ONGC, NTPC, Bajaj Auto, among others, rose at one point to 2012.31. At the end of the modest profit booking from the uptrend, it rose 3.4 points to close at 7.5.

Nifty spot Metal-Mining, Banking, Cement, IT stocks rose 115 points to 115

NSE's Nifty spot opened at 115.40 against the previous close of 1140.9. Banking-finance stocks HDFC Bank, Kotak Mahindra Bank, State Bank of India, ICICI Bank with metal-mining stocks Tata Steel, JSW Steel, JSW Diviz Lab., Cipla, Dr. Reddy's Laboratories as well as IT stocks, including Infosys, TCS and Titan, Eicher Motors, NTPC, rose by 11.10 points to close at 114.5.

Nifty October futures rise from 11.5 to 117: Bank Nifty futures rise from 9,110 to 8,50

Derivatives saw a rally of Nifty based short covering today. The Nifty October futures opened at 11,31.15 against 11,6.5, fell to 11,9.5, went up to 11,8 and ended at 11,9.20. The Bank Nifty futures opened at 8,401.50 against 2,110.50, fell to 9,15 and went up to 5,415, ending at 8,70. The Nifty 11,600 call opened at 9.10 against 31.3, fell to 8.30 and went up to 115, ending at 8. The Nifty 11,800 put opened at 101.60 against 19.50, fell to 16 at 9.30 and ended at 5.5.

Metal-mining stocks rise: Tata Steel up Rs 30 to Rs 5 JSW Steel, Jindal Steel, Hindalco up

Metal-mining stocks were bullish on funds today. The BSE Metal Index was up 2.4 points at 203.8. JSW Steel rose by Rs 13.5 to Rs 310.50, Jindal Steel by Rs 10.8 to Rs 19.50, Tata Steel by Rs 20.10 to Rs 4.5, Hindalco by Rs 2.50 to Rs. Sail rose by Rs 1.15 to Rs 4.5, NMDC by Rs 2.50 to Rs 4.05, Hindustan Zinc by Rs 4.5 to Rs 311.50.

Finance-banking stocks rise: Bandhan Bank, RBL Bank, IDBI Bank, HDFC Bank, Kotak Bank rise

Finance-banking stocks saw a short covering today. Bandhan Bank rose by Rs 2.15 to Rs 318.5, RBL Bank by Rs 2.50 to Rs 15, HDFC Bank by Rs 4.5 to Rs 115, Kotak Mahindra Bank by Rs 4.5 to Rs 19 Axis Bank rose by Rs 2.50 to Rs 4.5, IndusInd Bank rose by Rs 4.5 to Rs 205.05, State Bank of India rose by Rs 4.5 to Rs 12.50, IDBI Bank by Rs. Cannabis Home increased by Rs 4.5, Canfin Home increased by Rs 21.5 to Rs 3.50, LIC Housing Finance increased by Rs 3.50 to Rs 4.5, Crisil increased by Rs 3.10 to Rs 19. 6.3, Shriram Transport Finance rose by Rs. 18.5 to Rs. 3.50.

Lupine, Diviz Lab., Cadila Healthcare, Glenmark, Laurus Lab., Piramal Enter., Biocon Rise in Healthcare-Pharma Shares

Shares of healthcare-pharmaceuticals companies were the preferred ones today as funds declined again. Lupine rose by Rs 2.50 to Rs 107.5, Diviz Lab by Rs 115.5 to Rs 30.50, Cadila Healthcare by Rs 15.5 to Rs 20.5, Glenmark by Rs 19.50 to Rs. 30.5, Biocon Rs. 17.5 increased to Rs. 2.50, Laurus Lab increased by Rs. 10.10 to Rs. 3.15, Granules India increased by Rs. 2.5 to Rs. 3.50, Piramal Enterprises increased by Rs. 14 increased to Rs. 131.10, Cipla increased by Rs. 18.5 to Rs. 8.10, Ipka Lab increased by Rs. 2.5 to Rs. 2111.50, APL Ltd. increased by Rs. 15.20 to Rs. Were.

HCL technology declines despite good results: TCS, Oracle Finserv, Tech Mahindra, TCS rise

IT giant HCL Technology Ltd today reported a 5 per cent rise in net profit for the second quarter to Rs 217 crore and a 200 per cent interim dividend. Among other IT stocks, Coforge rose by Rs 3 to Rs 2.50, Oracle Finserv rose by Rs 2.50 to Rs 2.15, Infosys by Rs 19.50 to Rs 119.50, Tech Mahindra by Rs 10.50 to Rs. 7.50, TCS rose by Rs. 2.50 to Rs. 3.50. HCL Technology fell by Rs 4.5 to Rs 3.10, L&T Infotech fell by Rs 5 to Rs 205.50, MindTree fell by Rs 4.5 to Rs 121.50, Emphasis fell by Rs 2.50 to Rs. 16.8, Wipro fell by Rs. 1.5 to Rs.

Power-Capital Goods stocks rise: BEL, Siemens, Lakshmi Machine Works, Havells, Tata Power, Torrent Power rise

Funds in power-capital goods stocks, investors were taking today. Bharat Electronics rose by Rs 4.5 to Rs 31, Siemens by Rs 2.50 to Rs 19.50, Lakshmi Machine Works by Rs 3 to Rs 21.5, Havells India by Rs 19.50 to Rs 5. 30, Bharat Forge up Rs 2.50 to Rs 2.50, Thermax up Rs 12.5 to Rs 3.05, Torrent Power up Rs 4.05 to Rs 206.5, Tata Power up Rs 1.50 Power Grid Corp was up by Rs 4.50, ABB was up by Rs 4.50, ABB was up by Rs 2.50 and was at Rs 4.5.

Consumer durables stocks rise due to ban on import of air conditioners: Voltas, Blue Star, Titan rise

Consumer durables stocks rallied on the back of a complete ban on imports of air conditioners by India, which would benefit local producers and the festive season. Voltas rose by Rs 3.5 to Rs 200.5, Blue Star by Rs 2.50 to Rs 4.5, Titan by Rs 4.5 to Rs 19.10, Oriental Electric by Rs 4.5 to Rs. 12.50.

Selective uptrend in small, mid-cap stocks declines: 3 stocks downtrend circuit: 12 stocks close positive

Operators with funds in small, mid-cap, cash stocks, market breadth became moderately positive today as players continued to sell broadly in select stocks today. Out of the total 911 scrips traded on the BSE, the number of decliners was 16 and the number of gainers was 114. The only seller in 4 stocks was the bearish lower circuit while the only buyer in 12 stocks was the bullish upper circuit.

Net sales of Rs 50 crore in FII cash, net sales of Rs 20 crore in DII cash

FII-Foreign Institutional Investors, FPI-Foreign Portfolio Investors had a net sale of Rs 2.5 crore in cash today-Friday. A total of Rs 303.04 crore was sold against a total purchase of Rs 206.5 crore. On the other hand, DIIs-domestic institutional investors today saw a net sale of Rs 4.31 crore in cash. A total of Rs 2.50 crore was sold against a total purchase of Rs 4.5 crore.


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