The Sensex jumped 224 points to a new high of 46,890

(Gujarat News Correspondent) Mumbai, Ta. Thursday, December 17, 2020

The Sensex-Nifty-based record-breaking rally continued as stocks of foreign funds-FII-FPIs continued to buy steadily. Funds continued to flow in anticipation of major stimulus in the forthcoming central budget as the central government continues to push for economic reforms. One-sided funds remained attractive in stocks amid positive factors such as the economy re-emerging and economic activity booming amid ongoing preparations in the world, including India, for corona vaccination with continued concern to the world of corona transition. Funds maintained a big rally in finance frontline stocks while IT-software services, cement, capital goods frontline stocks rallied. Along with this, the market saw a strengthening of the Reliance Industries as the correction stalled. The Sensex touched a new low of 8,000 today, hitting a new high of 9.5 points, hitting a new high of 9,50.5 and the Nifty spot hitting a new high of 12.5, closing at a new all-time high of 19,20.50.

Preparing for Sensex 2000: ચી Makes a new history, jumps 3 points to reach a new record high of 3.30

Trading started strong today. The Sensex opened at 2.4.5 against the previous close of 7.5, with heavyweights like Maruti Suzuki, Bajaj Auto, Mahindra & Mahindra and Hindustan Unilever, ITC, ONGC, Sun Pharma, State Bank of India and ITC to sell. Sales in Technology, Infosys, NTPC, Titan Company, Bharti Airtel, among others, fell to 8.30. Returning from the downturn with Reliance Industries to HDFC Ltd., Bajaj Finance, HDFC Bank, IndusInd Bank, TCS, Tech Mahindra, Power Grid Corp, Larsen & Toubro, Ultratech Cement, Bajaj Finserv, At the end of making a new history, it jumped 4.5 points and closed at a new high of 9,40.5.

Nifty spot rises to a new record high of 13.2, up 5 points to close at a new record high of 19.30

The NSE's Nifty spot opened at 19,312.5 against the previous close of 12,9.20 and initially cautioned auto stocks including Maruti Suzuki, Bajaj Auto, Tata Motors and metal-mining stocks including Hindalco, Coal India and Tata Steel. Shares of Power Grid Corp, NTPC, IT stocks including Infosys, Wipro, HCL Technology, Adani Ports, ONGC, Hindustan Unilever were among the sellers. Returning from the downturn, finance-banking stocks as well as cement stocks Ultratech Cement, Shree Cement along with TCS, Larsen, HDFC Life, Dr. Reddy's Laboratories, Reliance Industries rose to a new high of 12,8.5 per cent. It closed at a new record high of 20.

December Nifty futures rise from 12 to 12.5: Bank Nifty futures rise from 30.50 to 20.2

Nifty-based funds in derivatives traded steadily higher today. The Nifty December futures opened at 19,610.15 against 12,9.5, fell to 17,9.50 and closed at 12,9.5, ending at 12,9.5. Bank Nifty December futures opened at 30,21.1 against 30,40.50, fell to 30,9.5, reached 30,8 and ended at 30,8.

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.

Capital goods stocks rise: Thermax by Rs 20, graphite by Rs 10, ABB by Rs 3, Adani Green by Rs 5, Larsen by Rs 10

The BSE Capital Goods Index was up 17.6 points at 12,303.8, higher than the broad-based gains in power-capital goods stocks. Thermax up Rs 20.50 to Rs 5, Graphite India up Rs 2.50 to Rs 3.50, ABB India up Rs 2.50 to Rs 15.5, AIA Engineering up Rs 20.5 up to Rs 2050 .7, Adani Green increased by Rs. 2.50 to Rs. 1091.10, Carborundum increased by Rs. 2.5 to Rs. 5, Lakshmi Machine Works increased by Rs. 2.50 to Rs. 3.50, Havells India increased by Rs. Larsen & Toubro rose by Rs 10.50 to Rs 19.50, Power Grid Corp by Rs 3.05 to Rs 19.5.

Finance-Banking Stocks Rise: HDFC Ltd, HDFC Bank Fund Storm: Hudco, Canara Bank, AU Finance Rise

In finance-banking stocks today, funds continued to aggressively bounce back in select stocks. HDFC Ltd jumped Rs 20.5 to Rs 2.50, HDFC Bank rose Rs 20.5 to Rs 121.50, HDFC Life rose Rs 2.50 to Rs 2.50, IndusInd Bank rose Rs 11.50. Rs 3.50, Kotak Mahindra Bank increased by Rs 15 to Rs 19.50, Hudco by Rs 4.05 to Rs 4.05, Canara Bank by Rs 3.50 to Rs 19.10, Credit Access by Rs. AU Small Finance increased by Rs 2.50 to Rs 3.50, General Insurance increased by Rs 3 to Rs 12.5, Bajaj Finance increased by Rs 150.5 to Rs 4.5. , Can Fin Home rose by Rs 19.50 to Rs 4.5, CSB Bank by Rs 2.50 to Rs 21.50, Armaan Financial by Rs 19.10 to Rs 3.05, SBI Cards by Rs 15 Rs 30.50, Chaulamandalam rose by Rs 2.50 to Rs 3, Bajaj Finserv rose by Rs 2.50 to Rs 4.5.

Profit booking in auto stocks: MRF down Rs 113, Maruti Suzuki down Rs 115, Cummins down Rs 5, Bajaj Auto down Rs 5

The BSE Auto Index fell by 12.5 points to close at 30,3.11 on the back of a resumption of selling of funds in automobile stocks. Cummins India fell by Rs 2 to Rs 2.50, MRF by Rs 115.50 to Rs 2,8.5, Maruti Suzuki by Rs 115.50 to Rs 2.50, Bajaj Auto by Rs 4.05 to Rs. .3, TVS Motor was down by Rs. 2.50 to Rs. 2.50, Eicher Motors was down by Rs. 20.05 to Rs. While Motherson Sumi rose by Rs 1.5 to Rs 19.50, Balakrishna Industries rose by Rs 4.5 to Rs 19.5.

Sail, Jindal Steel, Nalco, Hindalco, Coal India, Tata Steel down in metal-mining stocks

The BSE Metal Index was down 17.6 points at 11,0.05 as funds traded lower today in metal-mining stocks. Sail fell by Rs 4.5 to Rs 2.50, Jindal Steel fell by Rs 2.50 to Rs 2.50, Nalco fell by Rs 1.10 to Rs 4.5, Hindalco fell by Rs 4.5 to Rs 5 .3, Coal India fell by Rs. 5 to Rs. 12.5, Tata Steel by Rs. 3.50 to Rs. 4.5, Vedanta by Rs. 1.160 to Rs. 15, JSW Steel by Rs. 8.30.

Oil-gas stocks to sell: Gujarat Petro, HPCL, Petronet, ONGC, BPCL decline: Reliance rises

Oil-gas stocks also saw a sell-off in funds today. Gujarat State Petronet fell by Rs 4.5 to Rs 2.10, HPCL by Rs 2.50 to Rs 2.50, Petronet LNG by Rs 2.50 to Rs 4.5, Indraprastha Gas by Rs 2.50 ONGC fell by Rs 1.50 to Rs 101.50, BPCL by Rs 4.5 to Rs 4.5 and GAIL by Rs 13.5. In Reliance Industries, the gainer today rose by Rs 3 to Rs 19.05.

Burger King India stocks hit an inverted circuit after hitting a high of Rs 319.50

Shares of Burger King India closed lower today after a three-day bullish rally with a listing. The market capitalization rose to Rs 200 crore after the share issue price rose by 12 per cent on the day of listing against Rs 30 crore, taking the valuation to Westlife Development Limited, the master franchisee for McDonald's in West and South India. Shares of Burger King India hit a high of Rs 319.50, down 10 per cent to Rs 19.50 in the lower circuit today.

Net purchase of Rs 5 crore in FPIs / FII cash: Net sale of Rs 3 crore shares in DII cash

FIIs - Foreign Institutional Investors - Foreign Portfolio Investors - FPIs made a net purchase of Rs 4.5 crore in cash today-Thursday. Of this, a total of Rs 2.15 crore was sold against a total purchase of Rs 206.5 crore. Meanwhile, DIIs-domestic institutional investors had a net sale of Rs 4.5 crore in cash today. A total of Rs 30.08 crore was sold against a total purchase of Rs 216.5 crore.

Investors' asset-market capitalization rose to Rs 12.51 lakh crore

The accumulated market capitalization of BSE-listed companies-investors' assets rose to Rs 17.61 lakh crore from Rs 19.15 lakh crore today on the back of a global rally in stocks.