The Sensex jumped 376 points to 40522
(Gujarat News Correspondent) Mumbai, Ta. 27 October 2020, Tuesday
Following the onslaught of funds yesterday before the end of the October trend in derivatives on Thursday, Morgan Stanley's MSCI Global Indexes Banking-finance stocks led an aggressive rally. Global markets saw a softening today as corona cases rose in Europe as well, with reports of a resurgence of corona cases in the US and a stimulus package scandal. But as the corona cases in India began to decline sharply and industrial-economic activity began to pick up again, the funds rallied with short covering in stocks today. In banking-finance stocks, pharma-healthcare, automobile, power-capital goods, consumer durables, FMCG stocks, the Sensex jumped 3.50 points to 206.10 and the Nifty spot closed at 181. Funds continued to sell in IT-software services stocks.
After a cautious start, the Sensex, led by Kotak Bank, jumped 3 points to 208 in banking stocks.
Trading started cautiously today. The Sensex opened at 2018.05 against the previous close of 2013.50, after initial modest gains in IT stocks, large offloading in Infosys and in ONGC, HDFC Ltd., State Bank of India, Sun Pharma, Bajaj Finserv. Banking-Finance stocks have risen sharply as a result of Kotak Mahindra Bank and Bajaj Finance, Axis Bank, HDFC Bank, ICICI Bank and Nestle India, NTPC, Larsen & Toubro, Titan, Maruti Suzuki and others. The BSE benchmark Sensex rose by 3.50 points to close at 203.10 after reaching a high of 303.50.
Nifty spot jumps to 1150 again: 115 at the top, jumping 131 points at the end
NSE's Nifty spot opened higher at 11,605.10 against the previous close of 114.5. After initially strengthening, sales in IT stocks and pharma stocks along with some banking stocks fell to 119. Banking-Finance stocks including Kotak Mahindra Bank, Bajaj Finance, AXD In the pharma stocks with Nestle India, Asian Paints, Larsen & Toubro, Britannia, including Diviz Lab, Cipla, Dr. Reddy's Lab, and NTPC, Tata Motors, the gainer rose by 111.05 points to 151.95 points. Was closed.
Before the end of October, Nifty 15,000 call jumps from 6.5 to 8.30: Bank Nifty futures rise to 7.5
In the current week of October trend in derivatives, there was talk of a deceptive rally by Nifty-based funds before the end on Thursday. In various call-put options of Nifty 9, October expiry, Nifty opened at 31.40 against call 9 of 11,200, rose to a low of 7.5 and reached a low of 6.50. The Nifty 12,000 call opened at 20 points against 7.5, fell to 13.50, reached 8 and ended at 8.30. Bank Nifty October futures opened at 7,611 against 7,109.15, fell to 8,6.5, reached 8,7 and ended at 9,8. The Nifty October futures opened at 11,610.60 against 11,9.50, fell to 11,8 and closed at 11,9.50, ending at 11,8.
Kotak Mahindra Bank's profit rises 3% to Rs 17: Axis Bank, Citibank, HDFC
In banking-finance stocks, funds today led an aggressive rally led by Kotak Mahindra Bank. Kotak Mahindra Bank's net profit for the second quarter ended September 2020 rose 2.4 per cent higher than expected to Rs 316.5 crore and net interest income rose 19.5 per cent to Rs 20 crore. It was Rs. Axis Bank rose by Rs 19.50 to Rs 206.5, Citi Union Bank by Rs 4.5 to Rs 19.50, HDFC Bank by Rs 20.50 to Rs 19.50, ICICI Bank by Rs 2.50 Increased to Rs. The BSE Bankex Index jumped 3.4 points to close at 70.50.
Shriram Transport jumps Rs 3 to Rs 150 in finance stocks: Muthoot Finance, ICICI CQ, Bajaj Finance, IIFL rise
Finance stocks also rallied again today. Shriram Transport Finance jumped Rs 2.50 to Rs 2.50, Muthoot Finance rose Rs 4.5 to Rs 120.5, ICICI Securities rose Rs 4.5 to Rs 4.05, Bajaj Finance rose Rs 161.15. IIFL Securities rose by Rs 1.2 to Rs 20.10, SBI Cards rose by Rs 20.5 to Rs 314.50, IIFL rose by Rs 1.50 to Rs 4.5 Tea Finance Holdings rose by Rs 1.15 to Rs 2.50, Canfin Home by Rs 3 to Rs 4.5, PNB Housing by Rs 2.50 to Rs 21.5.
Power-Capital Goods Stocks Rise: Adani Greens Rises Rs 5 to Rs 20: ABB, Thermax, Larsen, Carborundum Rise
Funds rebounded all-round today in power-capital goods stocks. Adani Greens jumped by Rs 2.50 to Rs 4.5, ABB by Rs 4.05 to Rs 30.50, Thermax by Rs 4.5 to Rs 2.50, Larsen & Toubro by Rs 30.50 to Rs. .2.5, Carborundum Universal increased by Rs. 2.50 to Rs. 2.50, NTPC increased by Rs. 4.5 to Rs. 4.5, CESC increased by Rs. 2.50 to Rs. 3.15, Power Grid Corp increased by Rs. 1.50 to Rs 12.50.
Ipka Lab in Pharma Shares. Rs 6 jumps to Rs 5: Thyrocare, Indoco Remedies, Diviz Lab, Cipla, Alchem rise
In pharmaceuticals-healthcare stocks today the funds rebounded aggressively in select stocks again. Ipka Lab jumps up by Rs 2.50 to Rs 2.50, Thyrocare rises by Rs 4.5 to Rs 1,305.5, Indoco Remedies rises by Rs 4.5 to Rs 3.10, Diviz Lab rises by Rs 115.50 .412.50, Cipla increased by Rs. 3.50 to Rs. 20.5, Alchem increased by Rs. 2.5 to Rs. 4.5, Apollo Hospital increased by Rs. 2.5 to Rs. 3111.10, Biocon increased by Rs. 30 increased to Rs. 213, Dr. Reddy's Lab increased by Rs. 150.15 to Rs. 2100.50.
Bharti Airtel's loss falls to Rs 4 crore: Shares fall: Tata Motors shares rise despite record loss of Rs 217 crore
Bharti Airtel's net loss in the second quarter fell to Rs 2.50 crore from Rs 3,08 crore in the year-ago period, but the stock fell by Rs 1.05 to Rs 4. Suven Life Sciences' net loss in the second quarter fell to Rs 12.5 crore, while the stock rose to Rs 2.09. Tata Motors' quarterly net loss rose to Rs 19.50 crore from a record Rs 214.5 crore this time, but the stock rose by Rs 3.05 to Rs 19.20.
FMCG stocks rise again: Nestle jumps Rs 5 to Rs 12,3: Colgate, Tata Consumer, Britannia rise
FMCG stocks also saw a resurgence of funds today. As a result of Nestlલે India's good results, the uptrend has jumped by Rs 4.05 to Rs 19,9.5, Colgate Palmolive by Rs 4.5 to Rs 19.50, Tata Consumer by Rs 2.50 to Rs 2.50, BBTC by Rs. Heritage food increased by Rs. 9 to Rs. 611, Britannia increased by Rs. 20 to Rs. 3.10, ATFL increased by Rs. 12.5 to Rs. 3.5, VST Industries increased by Rs. .05 to Rs. 2.50, Marico was up by Rs.
Auto stocks rebound: MRF jumps Rs 5 to Rs 4.5: Ashok Leyland, Amar Raja, Bajaj Auto rebound
Bajaj Auto's Rajiv Bajaj's negative statement yesterday led to a rally in auto stocks today amid reports that auto companies' sales received a good response during the Dussehra festival. Fund-experts rallied all round again today after a rally in automobile stocks yesterday. MRF jumps Rs 4.5 to Rs 2,6.15, Ashok Leyland rises Rs 2.50 to Rs 21.50, Amarraja Batteries rises Rs 20.5 to Rs 3.10, Exide rises Rs 2.50 Rs 12.5, Bajaj Auto up Rs 2.50 to Rs 2.50, Cummins India up Rs 2.10 to Rs 4.5, Tata Motors up Rs 4.05 to Rs 19.50, Maruti Suzuki Bosch was up by Rs 102.15 to Rs 318.50, Bosch was up by Rs 115.50 to Rs 11,9.50, Hero MotoCorp was up by Rs 19.50 to Rs 319.50.
Small, mid-cap stocks sell off against index rally: 12 stocks close negative: 7 stocks bearish circuit
Marketbread was negative today as small, mid-cap, cash stocks turned bearish. Out of the total 6 scrips traded on the BSE, the number of decliners was 16 and the number of gainers was 120. The only seller in 20 stocks was the lower circuit, while the only seller in 20 stocks was the lower circuit.
FPIs / FIIs make a net purchase of Rs 512 crore in cash: DIIs have a net sale of Rs 150 crore
FIIs - Foreign Institutional Investors - Foreign Portfolio Investors - FPIs made a net purchase of Rs. 216.5 crore in cash today-Tuesday. Of this, a total of Rs 308.04 crore was sold against a total purchase of Rs 11,060,8 crore. Meanwhile, DII-domestic institutional investors had a net sale of Rs 120.50 crore in cash today. A total of Rs 30.3 crore was sold against a total purchase of Rs 210.05 crore.
Comments
Post a Comment