Sensex crosses 47000: finally rises 70 points to 46960 new highs

(Gujarat News Correspondent) Mumbai, Ta. 18 December 2020, Friday

In the weekend, index-based early-day trading saw banking-finance, automobile and oil-gas stocks make profit-booking and intra-day correction in the market, while IT-software frontline-heavyweights stocks rose sharply. According to IT giant Accenture's fourth quarter results for FY2030, the company has raised its revenue growth forecast for FY 2021 from 6 to 8 per cent to 6 to 8 per cent and new bookings for the end-November quarter to 4 per cent. Funds including ITC TCS, Infosys, HCL Technology rallied aggressively and finally FMCG stocks and healthcare-pharmaceuticals stocks rose on the back of a rally in consumer durables stocks. The points were rising to close at a new all-time high of 19,0.08. The US dollar had lost four paise to close at Rs 4.5 against the rupee.

Sensex banking, auto stocks soften to 30, IT stocks rise 30 to 2,50

Trading started softly today. IndusInd Bank, HDFC Bank, Kotak Mahindra Bank, Bajaj Finserv, Bajaj Finance, HDFC Ltd. and others , NTPC, Tata Steel, Ultratech Cement, among others, fell to a low of Rs 4,50.91. Inflation, HCL Technology, TCS, Tech Mahindra, Reliance Industries, Hindustan Unilever, SBI, ICICI Bank, Titan Company, Asian Township. At the end of the record, it rose by 20.5 points to close at a new all-time high of 8,40.5.

Nifty spot softens to 18.5

NSE's Nifty spot opened at 12,9.50 against the previous close of 12,20.50. In the initial softening, IndusInd Bank, HDFC Bank, Kotak Mahindra Bank, Bajaj Finserv, Bajaj Finance, including Vechwali and ONGC, IoC, IOC, , Bharti Airtel, NTPis, Tata Steel, Tata Motors, JSW Steel, among others, saw a decline in sales to 15,6.50. With the decline in IT stocks, Infosys, Wipro, HCL Technology, TCS, pharma stocks including Dr. Reddy's Lab., Cipla, Sun Pharma and Bajaj Auto, Hero MotoCorp, Eicher Motors, Mahindra, ITCL The Nifty rose by 12.5 points to close at a new high of 19,40.8, after rising on the back of a rebound in Reliance Industries.

Call of Nifty 19,200 increased to 8.30 and ended at 8.30 Nifty 12,800 call increased to 19 and ended at 21.8.

Nifty-based funds in derivatives saw a deceptive rally again today. The Nifty 12,600 call opened at 3 points against 70.50, fell to 8.10, reached 8.30 and ended at 8.30. The Nifty 12,800 put opened at 21.50 against 21.05, fell to 16 at the top and came down to 6.15 at the end, ending at 31.8. The Nifty 12,000 call opened at 19.50 against 30.9, fell to 14.40 and reached 31.50, ending at 18.

December Nifty futures rise from 12.5 to 12.5: Bank Nifty futures fall from 20.5 to 20.2

The Nifty December futures opened at 12,9.20 against 12,9.50, touched a low of 12,31 and reached 13,9.10, ending at 12,9.10. The Bank Nifty December futures opened at 20.3.5 against 30.3.50, fell to 30.50.10 and rose to 30.3.5 at the end of 20.2. The Nifty 12,600 put opened at 7.50 against 7.5, fell to 50 at the top and ended at 9.5.

Shares rise after Reliance and BP announce first gas find in deepest project in Asia

Reliance Industries and BP have started production of R-Cluster Ultra-Deep Water Gas Wells in Block KG D3 on their East Coast of India and this is India's first Ultra-Deepwater Gas Project and the company has met India's gas demand by 203 through three projects of this R Cluster. Shares of Reliance Industries rose by Rs 2.50 to Rs 12.5 on buying shares of the fund, which is expected to be able to meet 5 per cent and account for 5 per cent of domestic production.

Nifty spot technically bullish trend: Closing stop loss of 17

Technically the Nifty spot is showing a near trend rally. The Nifty spot is expected to remain bullish with a closing stop loss of 12.5.

Accenture's results jump 3 points in IT index: Infosys, TCS, Datmatics surge

IT-software services giant Accenture Inc. today announced its fourth-quarter results, raising revenue growth estimates for FY 2021 from 6 to 8 percent to 6 to 8 percent, and new bookings for the quarter ending November rose by 3 percent to ૨ 12. The BSE IT index jumped 3.7 points to close at 3.4.5 on the rise in IT stocks. L&T Technology jumped Rs 30.15 to Rs 205, Datametics Global rose Rs 4.5 to Rs 105.50, Aptech rose Rs 15.50 to Rs 16.05, KPIT Technology rose Rs 4.5 to Rs. 114.5, Infosys up Rs 20.5 to Rs 115.5, Emphases up Rs 4.5 to Rs 19.50, Wipro up Rs 4.5 to Rs 2.50, MindTree up Rs 15.50 HCL Technology rose by Rs 11.50 to Rs 21.05, Oracle Finserv rose by Rs 3.50 to Rs 3191.5, L&T Infotech rose by Rs 2.09 to Rs 21.10. TCS was up by Rs 2.50 to Rs 2.50, Majesco was up by Rs 4.5 to Rs 2.50, Tech Mahindra was up by Rs 2.50 to Rs 4.5.

Consumer durables stocks rebound in last minute: Whirlpool, Bajaj Electricals, Titan

Shares of consumer durables companies rallied again today at the last minute. The BSE Consumer Durables Index rose by 3.50 points to close at 8,961 on buying by funds today amid reports that domestic manufacturing companies are benefiting from the control of imports of Chinese products. Whirlpool rose by Rs 2.50 to Rs 2.15, Bajaj Electricals by Rs 19.50 to Rs 30.9, Titan Company by Rs 19.50 to Rs 1915.5, Symphony by Rs 4.5 to Rs. 2.50, Blue Star was up Rs.

Pharma stocks rise amid preparations for corona vaccination: Laurus, Ipka, Dr Reddy's, Biocon, Aurobindo rise

Funds surged in pharma-healthcare stocks today as demand from pharma companies for a variety of drugs was on the rise, with the world preparing for the corona vaccine. Laurus Lab up Rs 11.5 to Rs 3.05, Ipka Lab up Rs 2.50 to Rs 4.50, Dr Reddy's Laboratories up Rs 15.50 to Rs 30.15, Biocon Rs 10.50 Rs 21.50, Novartis India Rs 19.50, Rs 215, Cipla Rs 10.50, Rs 4.50, Unichem Lab Rs 9.10, Sun Pharma Rs. 2.50 to Rs.

RBL Bank, IndusInd Bank, HDFC shares fall: SBI, ICICI Bank rise

Banking-finance stocks had profit booking today. RBL Bank fell by Rs 2.50 to Rs 4.5, IndusInd Bank fell by Rs 20.5 to Rs 205.5, City Union Bank fell by Rs 3 to Rs 120.5, Kotak Bank fell by Rs 15.5 to Rs. 19.05, HDFC Ltd. fell by Rs. 12.5 to Rs. 2.9, Bajaj Finserv fell by Rs. While State Bank of India rose by Rs 2.50 to Rs 31.50, ICICI Bank rose by Rs 3.15 to Rs 316.05.

Wide sell-off in small, mid-cap stocks

1908 stocks close negative: 7 stocks bullish circuit

Funds in small, mid-cap, cash stocks today, marketbroadth was negative rather than players making extensive profit bookings over the weekend. Out of the total 2140 scrips traded on the BSE, the number of gainers was 16 and the number of losers was 1,407. The only seller in 6 stocks was the lower circuit against the bullish circuit of only buyers in 6 stocks.

Net purchase of Rs 30 crore in FPIs / FII cash: Selling of shares worth Rs 2 crore in DII cash

FIIs - Foreign Institutional Investors - Foreign Portfolio Investors - FPIs made a net purchase of Rs 30.5 crore in cash today-Friday. In which a total of Rs. Meanwhile, DIIs-domestic institutional investors had a net sale of Rs 4.31 crore in cash today. A total of Rs 2.15 crore was sold against a total purchase of Rs 4.5 crore.