The Sensex jumped 704 points to a new record high of 42597
(Gujarat News Correspondent) Mumbai, Ta. 09 November 2020, Monday
Democrat candidacy by defeating Donald Trump in the US Joe Biden's victory at the end of the turmoil of results created a new history of boom in Indian stock markets today with a rally in global markets. In the United States, the new government is expected to be in India's interest, with strong ties between the two countries expected to improve and cooperation on the economic front growing. On the international front, crude oil prices also rose in anticipation of a global economic recovery, with Brent crude rising ૮ 1.15 to ૪ 20.8 and Nymex crude rising ૪ 1.15 to close at ૨૮ 4.5. Funds continued to storm unabated in banking-finance stocks. Along with consumer durables, IT and metal-mining stocks, the Sensex jumped 203.5 points to a new record high of 9,6.5 and the Nifty spot jumped 17.6 points to close at 12,915.
Sensex rises to a new record high in a storm of bulls: jumps 205 points to reach new highs
Trading started today with the expected stormy rally. IndusInd Bank, ICICI Bank, Axis Bank, HDFC Bank, IT stocks with Bajaj Finance, IT stocks with Tech Mahindra, Infosys, TCS, TCL and Sensex opened higher at 9,8.5 against the previous close of 31,9.05. The company, Tata Steel, Hindustan Unilever, Nestle India, Bajaj Auto, Ultratech Cement, Bharti Airtel, HDFC Ltd. among others. It had gained 3 points to close at 4.5.
Nifty spot hits a new record high of 15: finally jumps 12 points to a new high of 12,31
NSE's Nifty spot opened higher at 19,3.20 against the previous close of 12,7.5. In banking-finance stocks, IndusInd Bank, ICICI Bank, Axis Bank, HDFC Bank, pharma stocks led by Diviz Lab and Bharti , Power Grid Corp, Hindalco, Tata Steel, Eicher Motors, Shree Cement, NTPC, Titan Company, Infosys, TCS, among others, rose at a one-time high of 16.09, setting a new record at the end of the day. Was closed.
Bank Nifty November Futures jumps from 6.5 to 8.30: Nifty 12,500 call jumps from 21.10 to 7.30
Nifty-based funds in derivatives traded aggressively today. Bank Nifty November futures opened at 8,050 against 8,9.50, fell to 5,091.50, reached 8,8.5 and closed at 8,50.05. The Nifty November futures opened at 12.3.5 against 14,31.5, fell to 17.8.5 and reached 17.50, ending at 13.3.5. The Nifty 12,900 call opened at 21.10 against the top of the headline, fell to 8.10 and reached 4.5, ending at 8.30. The Nifty 12,600 put opened at 105.05 against 19.50, fell to 114.5 at the top and came down to 30.50 at the end of the day was 70.30. The Nifty 12,600 call opened at 21 points against 9.30, fell to 19.50, fell to 8.30 and ended at 5.5.
Technically, the near-term trend at the Nifty spot is 1130 and the closing stop loss of 5,000 at the Bank Nifty is bullish.
Technically the Nifty spot is showing a near trend rally. The Nifty spot is witnessing a close stop loss of 11.20. Meanwhile, the closest trend in the spot in Bank Nifty is showing a technical focus with a closing stop loss of 5,000.
Bankex jumps 4 points: Citi Union, IndusInd, ICICI, Credit Access, HDFC AMC rise
The BSE Bankex Index jumped 3.50 points to close at 31.3.5 as funds in banking-finance stocks continued to rise. Citi Union Bank jumped by Rs 19.15 to Rs 19.50, IndusInd Bank by Rs 4.5 to Rs 4.5, ICICEI Bank by Rs 19.50 to Rs 4.50, Axis Bank by Rs 4.5 HDFC Bank up Rs 2.10, HDFC Bank up Rs 1.15 to Rs 120.50, RBL Bank up Rs 4.5 to Rs 19.50, Kotak Mahindra Bank up Rs 4.5 Were. Credit access in finance stocks rose by Rs 4.5 to Rs 4.5, HDFC AMC by Rs 120.50 to Rs 205.50, DCB Bank by Rs 2.50 to Rs 2.50, AU Small Bank by Rs 5 Mahindra Finance increased by Rs.20 to Rs.50.50, IDFC First Bank increased by Rs.1.50 to Rs.2.5, PNB Gilts increased by Rs.1.5 to Rs.20, Repco Home was up by Rs 2.50 to Rs 303.50.
Consumer durables stocks rise: Voltas rises by Rs 5 to Rs 21: Titan, VIP Industries, Blue Star rise
The BSE Consumer Durables Index jumped 30.6 points to close at 2,203.8, as consumer durables stocks also rallied on the back of festive buying. Voltas jumped by Rs 3.10 to Rs 21.5, Titan Company by Rs 21.50 to Rs 19.50, VIP Industries by Rs 2.50 to Rs 30.5, Whirlpool by Rs 10.50 to Rs. 303 remained.
Metal-mining stocks rise: Metal index rises 15 points: Hindalco, Vedanta, NMDC rise
In metal-mining stocks, the BSE Metal Index rose 19.5 points to close at 7.5 today as funds rallied sharply. Vedanta rose by Rs 4.5 to Rs 2.50, Hindalco by Rs 2.50 to Rs 19.50, NMDC by Rs 4.5 to Rs 2.50, Tata Steel by Rs 11.50 to Rs 5 .50, JSW Steel rose by Rs. 4.5 to Rs. 4.5, Hindustan Zinc by Rs. 1.50 to Rs.
US stocks rise, IT stocks rise: Newgen Software, L&T Info, Techno, Nucleus Soft
Funding IT stocks were bullish on estimates that if Biden was going to become the nation's president by defeating Donald Trump in the US, it would benefit IT companies. Newgen Software rose by Rs 13.5 to Rs 5, Coforge by Rs 115.50 to Rs 4.05, Cient by Rs 13.5 to Rs 219.50, L&T Infotech by Rs 114.5 to Rs. 30, Nucleus Software increased by Rs 12.15 to Rs 300.05, Tech Mahindra increased by Rs 21.5 to Rs 3.50, Infosys increased by Rs 2.50 to Rs 119.50, Ramco System increased by Rs 4.5. Rising to Rs 5, Wipro up by Rs 2.50 to Rs 21.5, L&T Technology up by Rs 4.5 to Rs 1315, Persistent by Rs 19.50 to Rs 113, Oracle Finserv by Rs 4.05 MindTree was up by Rs 16.50 to Rs 130.50.
Automobile stocks rise: Motherson Sumi, Balakrishnan Ind., Eicher Motors, MRF, Tata Motors, Bajaj Auto rise
Funds in automobile stocks also continued to rise today. The BSE Auto Index rose by 120.6 points to close at 19,12.81. Motherson Sumi rose by Rs 3 to Rs 19, Balakrishna Industries by Rs 3 to Rs 131.50, Eicher Motors by Rs 4.5 to Rs 319.15, MRF by Rs 120.05 to Rs 2,8.10 , Tata Motors rose by Rs 2.10 to Rs 121, Hero MotoCorp by Rs 19.10 to Rs 4.5.
Oil and gas stocks rise: Crude oil rises: Reliance rises by Rs 21 to Rs 4,050: BPCL rises by Rs 15 to Rs 5
International crude oil prices rose by. 1.15 to ન્ટ 20.3 an ounce and Brent crude was up ૪ 1.15 to close at ૩૮ 4.5 an ounce. Oil-gas stocks were bullish on funds. BPCL rose by Rs 15 to Rs 2.50, Petronet LNG rose by Rs 4.5 to Rs 4.5, HPCL rose by Rs 4.5 to Rs 206.5, IOC rose by Rs 1 to Rs 21.50, Reliance Industries rose by Rs 31.50 to Rs 3,050.50 and Indraprastha Gas rose by Rs 1.3 to Rs 4.5.
Small, Mid Cap, Cash Stocks Rise Storm: Only Seller's Circuit in 216 Stocks Despite 12 Positive Closures
Marketbread remained positive on the back of widespread buying by small, mid-cap, cash-strapped funds, high networth investors. Out of the total 6 scrips traded on the BSE, the number of decliners was 217 and the number of gainers was 19. The only seller in 219 stocks was the lower circuit, as against the upper circuit of the only buyer in 203 stocks.
FPIs / FIIs make a net purchase of Rs 5 crore in cash: DIIs have a net sale of Rs 305 crore
FIIs - Foreign Institutional Investors - Foreign Portfolio Investors - FPIs made a massive net purchase of Rs 3 crore in cash today-Monday. Of this, a total of Rs 216 crore was sold against a total purchase of Rs 216 crore. Meanwhile, DIIs-domestic institutional investors had a net sale of Rs 303 crore in cash today. A total of Rs 303 crore was sold against a total purchase of Rs 5,050 crore.
Investors' asset-market capitalization rises by Rs 4.05 lakh crore to Rs 12.5 lakh crore
Investors' asset-accumulated market capitalization rose by an additional Rs 3.05 lakh crore to Rs 12.5 lakh crore in the scrips traded on the BSE today as the stock continued to bounce back over the weekend.
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