The Sensex fell 535 points to 46874

(Gujarat News Correspondent) Mumbai, Ta. Thursday, January 28, 2021

The January trend in derivatives ended sharply today with the continued exit of foreign funds in stocks following a record high of bullishness. The Sensex had broken the intra-day level of 9,000 points today, hitting an intra-day level of 5, from the historic high of January 31, 2018. For five consecutive days, the funds were heavily offloading in stocks. Which has declined by 200 points in the last five trading days. Funds hammered into IT-software services stocks today amid a look at the central budget now with the end of the January trend. With this came the erosion in banking, realty stocks. Funds in automobile and oil-gas stocks had short covering with selective gains. On the global front, more than 100 per cent rise in Gamestop stocks in the US in the year 2020 became a topic of discussion and the US. Amid reports from the Securities and Exchange Commission on equity markets, caution was also seen in global markets. The funds continued to ease the overbought position in the Union Budget, citing challenges to economic reform this time around due to the farmers' movement. At the end of the day, the Sensex was down 2.3 points at 3.7 and the Nifty spot was down 12.5 points at 1213.8.

Sensex down 31 points intra-day to 315

Trading started today with the expected softness. The Sensex opened at 7.5 against the previous close of 202.5, with Hindustan Unilever's sell-off in the softness from the start and Maruti Suzuki's sell-off followed by IT stocks including HCL Technology, Infosys, TCS, Techind Mahindra and Funda, including Mahindra. Bank, Bajaj Finserv, IndusInd Bank and other banking stocks were sold and ITC, Larsen, Sun Pharma, Dr Reddy's Laboratories, Mahindra & Mahindra fell by 31.5 points at one point to a low of 214.5. At the end of the day, moderate short covering and Axis Bank, State Bank, ICICI Bank, ONGC, Ultratech Cement were able to absorb the bearish decline and closed lower by 3.4 points to close at 7.5.

Nifty spot loses intra-day level of 120, falls to 1412, loses 150 points at end

NSE's Nifty spot opened at 1910.40 against the previous close of 19.50. From the beginning, IT stocks including HCL Technology, Infosys, TCS, Wipro, Tech Mahindra, Offloading and Hindustan Unilever, ITC, Nestle and Nestle ESR Sales in HDFC Bank, Kotak Mahindra Bank, IndusInd Bank, Power Grid Corp, Bajaj Finserv, HDFC Life, Larsen & Toubro, Diviz Lab, SBI Life, Sun Pharma, among others, fell to 1912.8. At the end of the day, IOC, State Bank, Axis Bank, Shree Cement, Hero MotoCorp, ICICI Bank, ONGC, BPCL, Ultratech Cement fell by 12.5 points to close at 1912.8.

January Nifty futures fall from 19 to 1918 settlements: Bank Nifty futures fall from 20.5 to 20.8 settlements

Nifty-based funds continued to sell higher in derivatives today, easing the bullish trade. The Nifty January futures opened at 12.5 against 14.5, fell to 19.30 from 17.30 and settled at 12,312.8. The Nifty February futures opened at 12.5 against 14,060.9, fell to 19.50 from 17.50 and closed at 16.50. Bank Nifty January futures opened at 9,6.10 against 30,6.5, fell to 20,610.5 from 8,51 and finally settled at 30,9.50. The Bank Nifty February futures opened at 30,000 points against 30,8.50, fell to 208.5 from the previous close of 7,8.10 and ended at 30,612.8.

Technically Nifty-Bank Nifty Near Trend Down: Closing above Nifty 1905 and Bank Nifty 70 required for rally

Technically the Nifty spot is showing a near trend down. The Nifty spot is technically showing signs of recovery only after it closes above 1908. Bank Nifty is showing a near trend down. The bullish focus is technically only after the Bank Nifty spot closes above 70.

IT index down 201 points: Wipro, Aptech, Tata Alexi, Tanla Platforms, MindTree, L&T Tech

The BSE IT index fell by 201.09 points to close at 31.05 as funds traded higher in IT-software services stocks today. Aptech fell by Rs 4.05 to Rs 19.50, Wipro by Rs 19.50 to Rs 21.5, Saskatche Tech by Rs 3 to Rs 303.50, Tata Alexi by Rs 30.15 to Rs 30. 10, Tanla Platforms fell by Rs 12.5 to Rs 4.5, MindTree fell by Rs 4.5 to Rs 19.50, L&T Technology fell by Rs 4.5 to Rs 2.50, Infosys fell by Rs 5. 3 fell to Rs 19.50, TCS fell by Rs 31.50 to Rs 314.5, Emphasis fell by Rs 2.50 to Rs 131.50, Tech Mahindra fell by Rs 19.50 to Rs 4.5, L&D Tea Infotech was down by Rs 2.50 to Rs 3, Mastek was down by Rs 19.50 to Rs 1,109 and Coforge was down by Rs 4.5 to Rs 2.50.

Profit booking in FMCG stocks: Varun Beverages, Prabhat Dairy, Hindustan Unilever, ITC, Gillette, Emami declined

FMCG-Sugar stocks saw a sell-off of funds today. Varun Beverages fell by Rs 5.05 to Rs 31.50, Prabhat Dairy fell by Rs 4.5 to Rs 3.05, Hindustan Unilever's quarterly results released yesterday saw a rise of 15 per cent. .803.50, ITC fell by Rs. 2.50 to Rs. 203.50, Balrampur Chinese fell by Rs. 2.50 to Rs. 120.50, Gillette India fell by Rs. 2.50 to Rs. 200.10, Emami fell by Rs. 4.5 to Rs. 2.50, Bajaj Consumer was down Rs. 2.50 to Rs. 210.50.

HPCL, Petronet, IOC, ONGC, BPCL rise: Reliance down

Oil-gas stocks were the highlight of the day amid expectations of rising petrol and diesel prices across the country. HPCL rose by Rs 2.50 to Rs 2.15, Petronet LNG by Rs 2.50 to Rs 21.5, Castrol by Rs 2.10 to Rs 19.50, IOC by Rs 1.2 to Rs 5 .2, ONGC rose by Rs. 1.05 to Rs. Reliance Industries, on the other hand, declined by Rs 19.5 to Rs 19.50.

Auto stocks continue to erode: Maruti Suzuki falls by Rs 50 after results: Escorts, Ashok Leyland, MRF fall

Even in automobile stocks, funds continued to sell today. Maruti Suzuki's quarterly net profit rose 2.1 per cent higher than expected to Rs 121.50 crore, while revenue rose 18.5 per cent to Rs 2,6.5 crore. Selling in the stock fell by Rs 3.50 to Rs 2.50, Escorts said. Rs 2.50 down to Rs 120.50, Ashok Leyland down Rs 4.5 to Rs 113.5, Motherson Sumi down Rs 2.50 to Rs 12.5, MRF down Rs 2.50 to Rs 5 , 2.3, TVS Motor fell by Rs 2.50 to Rs 4.5, Mahindra & Mahindra fell by Rs 3.10 to Rs 4.5.

Axis Bank's profit rises 30%, shares rise: Federal, State Bank, ICICI Bank rise: HDFC Bank, Kotak Bank fall

Banking-finance stocks were selling overall today. Axis Bank's net profit fell 2.4 per cent to Rs 1,212.31 crore in the quarter ended December 2020, but net interest income rose 19.15 per cent to Rs 206.05 crore, with the stock gaining Rs 3.50 to Rs 30.50. Was. Federal Bank rose by Rs 1.50 to Rs 31.50, State Bank of India by Rs 2.50 to Rs 2.50 and ICICI Bank by Rs 4.5 to Rs 2.15. HDFC Bank fell by Rs 2.50 to Rs 120.50, Kotak Mahindra Bank fell by Rs 4.5 to Rs 19.50 and IndusInd Bank fell by Rs 19.50 to Rs 205.50.

Small, mid-cap stocks decline Preferred value-buying: 151 stocks close positive: Only seller circuit in 8 stocks

Marketbroadth turned positive again today with small, mid-cap, cash stocks, funds, players' preferred valuations coming out today. Out of the total 2030 scrips traded on the BSE, the number of gainers was 161 and the number of losers was 16. The only seller in 4 stocks was the lower circuit against the upper circuit of the only buyer in 211 stocks.

FPIs / FIIs net sale of Rs 216 crore in cash: Net purchase of Rs 12 crore shares in DII cash

FIIs - Foreign Institutional Investors - Foreign Portfolio Investors - FPIs today (Thursday) saw a massive net sale of Rs 216.51 crore in cash. Of this, a total of Rs 12,302.5 crore was sold against a total purchase of Rs 2.31 crore. On the other hand, DIIs-domestic institutional investors made a net purchase of Rs 12.5 crore in cash today. A total of Rs 216.15 crore was sold against a total purchase of Rs 21.08 crore.

Investors' wealth erodes by Rs 1.50 lakh crore in one day: Erosion of Rs 2.5 lakh crore in five days

The accumulated market capitalization of the total stocks traded on the BSE today fell by a further Rs 1.50 lakh crore to Rs 19.15 lakh crore. In five trading days, the market capitalization has eroded by Rs 4.5 lakh crore as against Rs 19.50 lakh crore.