The Sensex jumped 448 points to 40432

(Gujarat News Correspondent) Mumbai, Ta. 19 October 2020, Monday

Corporate India's quarterly results season is picking up modest results. Last weekend, HDFC Bank's results were good overall in challenging times and the expected action by the government in the coming days for recovery in the banking sector led the funds to rise in banking-finance stocks today. The central government has asked PSU banks to boost their capital spending to boost the economy and expect a new stimulus package in the coming days and to be cautious in the face of uncertainty ahead of the upcoming US presidential election on the international front. The positive impact of reports of the transition to Corona in India reaching its peak in September and the release of Corona by February was felt in the markets today. Despite reports of the biggest growth in automobile vehicle sales this time in the last two years, the fund's aggressive rally in banking-finance stocks and the attraction of FMCG, metal-mining and oil-gas stocks has pushed the Sensex up 1.6 points and 50 points higher. It had gained 110.20 points to close at 114.05. Of course, profit-booking continued in IT-software services and pharma stocks. The US dollar had gained three paise to Rs 4.5 against the rupee. International crude oil prices fell 11 cents to close at ૪૨ 2.8 a barrel and Nymex crude fell 3 cents to close at ૮ 20.81 a barrel this evening.

Sensex intra-day 30,400 jumps to 30,415

Trading started today at the expected strength. The Sensex opened at 20,412.8 against the previous close of 7.5, initially in IT-software services stocks including TCS, Infosys, including profit booking and auto stocks in Bajaj Auto, Maruti Suzuki, Mahindra & Mahindra, Vechwali1 and Shena Bharma. ICICI Bank, Axis Bank, State Bank of India, HDFC Limited, IndusInd Bank, Kotak Mahindra Bank, Bajaj Finance and FMCG stocks in Nestle India, ITCN and INC Tubro, Ultratech Cements, NTPC, HCL Technology, ONGC's gains increased to 30,612.8 and finally rose by 3.4 points to close at 2,051.50.

Nifty spot ready to jump to 12000 level again: 115 at the top and 111 points at the end

NSE's Nifty spot opened higher at 115.50 against the previous close of 114.9, followed by a rally from the beginning in IT, auto, pharma stocks, Eicher Motors, Hero MotoCorp, Mahindra & Mahindra, Diviz Lab. After falling to 1140.30, banking-finance stocks rose sharply and FMCG stocks, including Nestle India, and oil and gas stocks, including Gail India, IOC, ONGC, and Coal India, Hindalco, HDFC Life. At the end of the day, it increased by 110.20 points and closed at 114.05.

Bank Nifty October Futures jumps from 7.5 to 9,612: Nifty futures rise from 11.5 to 11,8

Nifty-based funds in derivatives today saw an aggressive rally. The Bank Nifty October futures opened at 8.5.5 against 9,8.5, fell to 8,0.05 and closed at 8,203.50, ending at 5,612.8. The Nifty October futures opened at 11,60.8 against 11,9.15, fell to 11,412.50 and reached 11,9.50, ending at 11,9.50. The Nifty 11,700 call opened at 21.40 against 31.3, fell to 7.5 and closed at 9, ending at 7.5. The Nifty 15,000 call opened at 20 points against 8.30 and came down to 9 at the end of 5.5.

Banks Index jumps 6 points: Federal Bank, ICICI Bank, Axis Bank, State Bank

Banking-finance stocks witnessed an all-round aggressive rally in funds today. The BSE Bankex Index jumped 4.3 points to close at 2.08. Federal Bank jumps Rs 5 to Rs 4.5, ICICI Bank rises Rs 21.10 to Rs 316.05, Axis Bank rises Rs 20.50 to Rs 3.15, State Bank of India rises Rs 4.5 Citi Union Bank increased by Rs. 2.09 to Rs. 18.5, RBL Bank increased by Rs. 2.50 to Rs. 19.50, Bandhan Bank increased by Rs. 10.9 to Rs. Bank rose by Rs 19.50 to Rs 4.5, Kotak Mahindra Bank rose by Rs 20.5 to Rs 19.40, HDFC Bank's net profit rose 12 per cent in the quarterly results last weekend. It was Rs.

Finance stocks rise: IIFL Sec., DHFL, Central Bank, Ujjivan Small, AU Bank, Magma, Crisil rise

Finance-small bank stocks were bullish on funds today. Reported that four bidders, including Adani Group and Piramal, were ready to acquire DHFL with a haircut of Rs 30,000 crore, after IIFL Securities rose by Rs 4.5 to Rs 21.5 per share. Ujjivan Small Finance Bank rose by Rs 1.50 to Rs 4.5, Crisil rose by Rs 3 to Rs 12.5, AU Bank rose by Rs 2.50 to Rs 5 .50, IDFC Ltd. increased by Rs. 1.50 to Rs. 20.50, IIFL increased by Rs. 3.10 to Rs. 2.50, HDFC Ltd. increased by Rs. 2.5 to Rs. 10.10 to Rs.

FMCG stocks rise: Nestle rises by Rs 5 to Rs 12,05: Emami, Bajaj Consumer, AVT, ITC rise

FMCG stocks today had a wide attraction of funds, investors. AVT Natural rose by Rs 2.10 to Rs 2.50, Nestle India jumped by Rs 4.5 to Rs 19,04.5, Emami Ltd rose by Rs 15.5 to Rs 21.50, Gujarat Ambuja Exports by Rs 4 30 increased to Rs. 19.50, Bajaj Consumer increased by Rs. 2.50 to Rs. 13.5, Colgate increased by Rs. 2.50 to Rs. 13.50, Balrampur Chinese increased by Rs. VST Industries rose by Rs 4.5 to Rs 20, Hindustan Univir by Rs 3.05 to Rs 215, Britannia by Rs 4.5 to Rs 2.50.

Petrol, diesel demand, oil-gas stocks rise: Castrol, Gail, HPCL, IOC rise

Funds in oil and gas stocks rallied as industrial activity in the country resumed and demand for diesel and petrol reached pre-lockdown levels, boosting the profitability of oil and gas companies. Castrol India rose by Rs 2.50 to Rs 111.5, Gail India by Rs 7.5 to Rs 2.50, HPCL by Rs 4.5 to Rs 12.5, IOC by Rs 4.5 to Rs. ONGC rose by Rs 3.05 to Rs 4.5, BPCL rose by Rs 3.50 to Rs 4.5.

Rising attraction in metal-mining stocks: Jindal Steel, Hindustan Zinc, Coal India, Vedanta, Hindalco, Nalco rise

Funds rallied in metal-mining stocks today on expectations of increased activity in the metal-mining sector along with increased industrial activity. Jindal Steel up Rs 4.5 to Rs 301.5, Hindustan Zinc up Rs 2.50 to Rs 30.50, Coal India up Rs 2.50 to Rs 113.5, Nalco up Rs 31.50, Vedanta Hindalco was up by Rs 1.8 to Rs 4.5, while Hindalco was up by Rs 4.5 to Rs 12.5.

Profit booking in automobile stocks: Eicher Motors, Hero MotoCorp, Bajaj Auto, Mahindra, TVS down

Frontline auto stocks saw a lucrative sell-off despite reports of automobile companies expecting the highest growth in vehicle sales in the last two years. Eicher Motors down Rs 2.50 to Rs 200, Hero MotoCorp down Rs 2.50 to Rs 2.50, Bajaj Auto down Rs 4.5 to Rs 30.50, TVS Motor down Rs 4.5 to Rs. 4.10, Mahindra & Mahindra fell by Rs 3.05 to Rs 2.50, Bosch by Rs 101.5 fell to Rs 11,50, Maruti Suzuki fell by Rs 4.05 to Rs 4.

Pharma stocks rebound: Alembic, IOL, Diviz, Shelby, Glenmark, Torrent Pharma, Lupine, Cipla

Healthcare-pharma stocks continued to rise and were still selling today. Alembic Ltd fell by Rs 4.5 to Rs 5, IOL by Rs 2.5 to Rs 4.5, Diviz Lab by Rs 15.5 to Rs 206.5, Shelby by Rs 4.05 to Rs 5. 6, Glenmark fell by Rs 19.50 to Rs 4.5, Torrent Pharma fell by Rs 20.5 to Rs 4.5, Lupine fell by Rs 4.05 to Rs 1,013.50, Cipla fell by Rs 14.5 to Rs. 2.3, Biocon fell by Rs 10.15 to Rs 4.5, Abbott India fell by Rs 19.10 to Rs 13.9, Ipka Lab fell by Rs 2.50 to Rs 305.

Small, mid-cap stocks selected bullish: 16 stocks close positive: Only buyers circuit in 216 stocks

Market breadth remained positive today with small, mid-cap, cash stocks being the preferred takers. Out of the total 215 scrips traded on the BSE, the number of gainers was 16 and the number of losers was 117. The only seller in 219 stocks was the lower circuit, as opposed to the upper circuit of the only buyer in 215 stocks.