The Sensex fell 540 points to 40,145

(Gujarat News Correspondent) Mumbai, Ta. Monday, October 26, 2020

Reliance Industries' deal to acquire Future Group's retail business for Rs 5,000 crore was blocked by a Singapore court yesterday. The Sensex-Nifty crashed on the back of gaps in auto stocks today. As the October trend in derivatives came to an end this week on Thursday, funds began easing their overbought position and corona cases in the US with European countries began to rise again, with the negative impact on the global economy weighing heavily on the global market today. FMCG giant Nestle India's good results in the quarterly results season of Corporate India. In consumer durables stocks, the Sensex fell 30 points to close at 2013.50 and the Nifty spot fell 19.60 points to close at 114.5.

Auto, metal, oil, IT stocks fall sharply to 205 after initial softening

Trading started today with a cautious softness. The Sensex opened at 203.9 against the previous close of 203.50, selling funds in Reliance Industries from the outset and offloading in metal-mining stocks, including Tata Motors, along with Hero MotoCorp, Titan and Bajaj Finserv. As a result of Nestle India's quarterly acquisitions and attractions in IT stocks including TCS, HCL Technology and Bharti Airtel, Larsen & Toubro, IndusInd Bank, HDFC Limited, Power Grid Corp, it was in the positive zone at 203.50. With the rise in auto stocks, Bajaj Automankadaka broke with Mahindra & Mahindra and metal-mining stocks including Tata Steel saw an increase in sales and offloading in Reliance Industries, as well as ICICI Bank, Axis Bank, State Bank of India, Titan, Sun Pharma, ITC, ONGC, among others, lost 30,000 points at one point to a low of 7.5, after which it finally fell 20 points to close at 2018.20.

Nifty spot loses 11,800 level: 115 up to 11,311, down 12 points to 115

NSE's Nifty spot opened at 115.50 against the previous close of 1140.8. Attractions rose to 114.5. After a major offloading in Reliance Industries and auto stocks Hero MotoCorp, Bajaj Auto, Mahindra & Mahindra, Tata Motors broke down and Tata Steel, JSW Steel, Coal India sold offloading and banking-finance stocks fell to 1: 1. It had lost 20 points to close at 12.5.

In the last week of October trend, the Nifty 12,000 call dropped to 8.30: The Nifty 11,400 jump bounced to 102.5.

Before the end of the October trend in derivatives this week on Thursday, the funds eased today by easing the Nifty-based overbought position. On October 8, the Nifty call of 18,000 opened at 21 points against 70.50, fell to 2.3 at the top and ended at 12.5 at 8.30. The Nifty 11,800 call opened at 115 against 120.50, fell to 17.15 and fell to 6.5, ending at 5.30. The Nifty 11,700 put opened at 8.8 against 70.50, bounced down to 8.30 and reached 12.50, ending at 104.5. The Nifty October futures opened at 11,8.05 against 11,6.5, fell to 11,50.5 and closed at 11,415, ending at 11,8. Bank Nifty October futures opened at 9,612.5 against 2.3, fell to 8,40 and closed at 5,20.10, ending at 5,12.

Shares of Reliance Industries Future Retail traded down by Rs 5 to Rs 305

The deal with Reliance Industries, which was struck shortly before Reliance Retail's acquisition of Kishore Biyani's Future Group's retail business for Rs 2,000 crore, was disrupted and now a Singapore court has ordered a stay on the deal following a lawsuit filed by Amazon against the deal in a Singapore court. As a result, shares of Reliance Industries fell by Rs 2.8 to Rs 305.50 on a hammering of funds.

Bajaj Auto loses Rs 15 to Rajiv Bajaj's negative statement: Hero MotoCorp loses Rs 211: Mahindra, TVS loses

Bajaj Auto's M.D. said that the demand for automobile companies was not as high as expected during the festive season. Shares of special two-wheeler companies crashed in auto stocks today, with Rajiv Bajaj saying that demand for bikes was under constant pressure. Bajaj Auto fell by Rs 19.15 to Rs 3, Hero MotoCorp by Rs 311.50 to Rs 2.50, Mahindra & Mahindra by Rs 2.50 to Rs 4.5, Ashok Leyland by Rs 4.5 to Rs. 2.50, TVS Motor down Rs. 18.5 to Rs. 8, Eicher Motors down Rs. 4.5 to Rs. 2,109.50, Bosch down Rs. 4.5 to Rs. 11,9.10, Balakrishna Industries down Rs. 20.50 to Rs. 12.5, Maruti Suzuki fell by Rs. 5 to Rs. 206.5, MRF fell by Rs. 21 to Rs. 2,50.50. The BSE Auto Index fell 2.4 points to close at 19.20.

Metal stocks crash: Metal index down 3 points: Hindalco, Jindal Steel, JSW, Tata Steel tumble

Extensive offloading in metal-mining stocks was accompanied by a softening in global metal prices, with estimates of a resurgence for the global economy as corona cases in Europe-America forced a further lockdown. The BSE Metal Index fell by 31.31 points to close at 7.5. Hindalco fell by Rs 4.5 to Rs 19.5, Jindal Steel by Rs 10.8 to Rs 13.5, JSW Steel by Rs 19.50 to Rs 205.15, Sail India by Rs 1.3 to Rs. 2.50, Tata Steel fell by Rs. 18.5 to Rs. 206.10, Coal India by Rs. 4.5 to Rs. 119.50, NMDC by Rs. 1.5 to Rs.

Offloading in banking-finance stocks: Federal Bank, State Bank, ICICI, Axis Bank, HDFC Bank fell

Banking-finance stocks saw widespread selling of funds today. The BSE Bankex Index fell 2.4 points to close at 314.31. Federal Bank fell by Rs 1.5 to Rs 2.15, State Bank of India by Rs 3 to Rs 12.5, ICICI Bank by Rs 11.50 to Rs 206.5 and Axis Bank by Rs 19.50. Rs 4.5, Bandhan Bank fell by Rs 2.50 to Rs 2.15, HDFC Bank fell by Rs 2.50 to Rs 1,412. While Magma fell by Rs 2.50 to Rs 4.5, DHFL fell by 3 paise to Rs 19.5, Mannapuram fell by Rs 4.5 to Rs 12.5, AB Capital fell by Rs 2.50 to Rs 2.09. , PNB Housing fell by Rs 12.5 to Rs 4.5, IIFL Securities fell by Rs 1.2 to Rs 4.5.

Consumer durables stocks erode again: Voltas, Titan, Rajesh Exports, TTK prestige decline

Consumer durables stocks were also selling amid reports of festive demand. Voltas fell by Rs 13.5 to Rs 2.50, Titan by Rs 2.50 to Rs 1,315, Rajesh Exports by Rs 2.50 to Rs 30.50, TTK Prestige by Rs 2.10 to Rs 4. 30, Symphony fell by Rs 4.5 to Rs 30.50, Whirlpool fell by Rs 10.8 to Rs 206.5.

Erosion in pharma-healthcare, IT stocks: Laurus Lab., Aarti Drugs, Biocon, Torrent Pharma, Coforge, Tech Mahindra decline

Shares of healthcare-pharmaceuticals companies as well as IT-software services stocks continued to sell today. Decal fell by Rs 2.50 to Rs 12.5, Laurus Lab fell by Rs 19.50 to Rs 215, Aarti Drugs fell by Rs 2.50 to Rs 211.5, Jubilant fell by Rs 4.5 to Rs 4. 20, Biocon fell by Rs 19.50 to Rs 303.50, Torrent Pharma fell by Rs 2.50 to Rs 4.5, Hester Bio fell by Rs 4.5 to Rs 120.5, Lupine fell by Rs 2.50. Rs 2.7, Cipla was down Rs 11.50 to Rs 4.05. In IT stocks, Coforge fell by Rs 19.5 to Rs 12.5, Tech Mahindra by Rs 4.5 to Rs 313.5, L&T Infotech by Rs 2.50 to Rs 2.50, Emphasis by Rs 5. At Rs 12.50, Oracle Finserv was down by Rs 4.5 to Rs 4.5.

Profit selling in small, mid-cap stocks: 17 stocks closed negative: 8 stocks bullish circuit

Marketbread was negative today as small, mid-cap, cash stocks turned bearish. Out of the total 20 scrips traded on the BSE, the number of decliners was 16 and the number of gainers was 1000. The only seller in 21 stocks was the lower circuit against the upper circuit of the only buyer in 6 stocks.

FPIs / FII's index sells Rs 500 crore net in futures, net buys Rs 512 crore in stock futures

FIIs today saw a net sale of Rs 200 crore in index futures and a net purchase of Rs 213 crore in stock futures. FIIs-FPIs had a net sale of Rs 114.5 crore in cash today-Monday. Of this, a total of Rs 2.7 crore was sold against a total purchase of Rs 2.81 crore. Meanwhile, DIIs-domestic institutional investors had a net sale of Rs 2.15 crore in cash today. A total of Rs 5,091.31 crore was sold against a total purchase of Rs 4,116.15 crore.