The Sensex fell 938 points to 47,410

(Gujarat News Correspondent) Mumbai, Ta. 27 January 2021, Wednesday

Amid the end of the January trend in derivatives on Thursday and the preparation of the Union Budget today, the stocks today rallied to soften the overbought position in stocks. After a long period of bullishness, the market is now buzzing with extraordinary erosion. Funds in banking-finance stocks had wider gaps than constant hammering. With the current agitation by farmers in the country putting pressure on the central government to withdraw amendments to the agriculture bill, it will be difficult for the government to push ahead with economic reforms in the coming days as funds are expected to ease in the next central budget. . On the global front, even before the US Federal Reserve meeting, uncertainty over the stimulus case had a softening effect on the market. With this, Foreign Portfolio Investors (FPIs), which have been buyers in stocks for a long time, are now selling into stocks and the decline intensified as investors started offloading in panic. With gains in banking and finance stocks, selling in automobile, consumer durables, pharmaceuticals, metal-mining and oil-gas stocks, the Sensex fell 4.5 points to 206.3 and the Nifty spot fell 4.6 points to 12. The US dollar had lost two paise to Rs 4.5 against the rupee.

The Sensex has been on a downward spiral since the beginning of the day.

Trading started today with a softening. The Sensex opened at 5.5 against the previous close of 7.5 and initially rose to 5.5 against the strength of Tech Mahindra, ITC, Power Grid Corp, Ultratech Cement, HCL Technology, Nestle India, Axis Bank, Titan Company, IndInd Bank, HDFC. Ltd., Mahindra & Mahindra, Dr. Reddy's Laboratories, Asian Paints, Sun Pharma, Reliance Industries, NTPC, Bharti Airtel, Kotak Mahindra Bank, among others, fell to 8.30 and closed at 8.5 points.

Nifty spot loses level of 15,000: falls to 16 at the end of the day

NSE's Nifty spot opened at 17.8 against the previous close of 19.20, strengthening IT stocks including Tech Mahindra, Wipro, HCL Technology and SBI Life Insurance, ITC, Power Grid Corp, Nestle India, Cipla, Ultratech Bank, Ultratech -Finance Shares with Axis Bank, HDFC Bank, IndusInd Bank, HDFC Limited, Titan Company, Tata Steel, Tata Motors, Gail India, Hindalco including Offloading and Hero MotoCorp, Dr. Reddy's Lab., Mahindra & Mahindra, Ma. Sales, including Reliance, fell to 12.50 and finally fell 21.50 points to close at 12.50.

Nifty futures fall to 141 from 16 before end of January trend: Bank Nifty futures fall to 3120 from 21111

Nifty-based funds eased their bullish position today ahead of the end of January trend in derivatives. The Nifty January futures opened at 1915 against 19.15, fell to 1908 and fell to 17.10, ending at 131.10. Bank Nifty January futures opened at 3111.5 against 31111.15, fell to 315.50 and ended at 2030.10.

Banking stocks crash: Axis Bank, Citi Union Bank, IndusInd, HDFC Bank, ICICI

The BSE Bankex Index fell by 104.5 points to close at 5.30 today on heavy offloading in banking and finance stocks. Axis Bank fell by Rs 2.50 to Rs 31.50, Citi Union Bank fell by Rs 2.50 to Rs 19.50, IndusInd Bank fell by Rs 20.5 to Rs 20.50, ICICI Bank fell by Rs 12.50 to Rs. 2.50, State Bank of India fell by Rs. 2.50 to Rs. 2.50, RBL Bank fell by Rs. 2.50 to Rs. 214.5, Kotak Mahindra Bank fell by Rs. Were.

ICICI Securities, eBixCash, Shree Infra, SBI Cards, LIC Housing, DCB Bank broke up

In finance stocks, ICICI Securities fell by Rs 2.50 to Rs 314.50, eBixCash World fell by Rs 4.5 to Rs 30, Shree Infra fell by Rs 2.50 and LIC Housing fell by Rs 21.50 to Rs. 20, DCB Bank fell by Rs 4.5 to Rs 107.5, Diwan Housing Finance fell by Rs 1.50 to Rs 2.50, Chaulamandalam fell by Rs 4.5 to Rs 21, AB Capital fell by Rs 4.5. Rs 20.9, Shriram Transport down Rs 20.50 to Rs 1140.5, Ujjivan Finance down Rs 11.5 to Rs 2.50, ICICI Lombard down Rs 4.5 to Rs 15, Muthoot Cap Rs. HDFC Ltd fell by Rs 4.5 to Rs 3.7, Pilani's investment fell by Rs 20.5 to Rs 150, Motilal Oswal fell by Rs 15.5 to Rs 206.5. Were.

Healthcare stocks Fortis, Suven, Aurobindo Pharma, Sanofi, Dr Reddy's, Apollo fall: AstraZeneca, Metropolis rise

Shares of healthcare-pharmaceuticals companies continued to sell profits today. Fortis Healthcare fell by Rs 4.05 to Rs 12.5, Suven Life fell by Rs 2.50 to Rs 2.50, Aurobindo Pharma fell by Rs 4.5 to Rs 4.5, Sanofi India fell by Rs 215 to Rs. 30.50, Laurus Labs down Rs. 12.15 to Rs. 2.50, Dr. Reddy's Laboratories down Rs. 15.5 to Rs. 206.5, Apollo Hospital down Rs. 2.50 to Rs. 3.5, Piramal Enterprises Rs 2.50 down to Rs 131.50, Aarti Drugs down Rs 21.5 to Rs 2.50, Sun Pharma down Rs 12.5 to Rs 2.50, JB Chemicals down Rs 2.50 to Rs. 1013.05, Wockhardt fell by Rs 12.10 to Rs 2.50, Diviz Lab fell by Rs 2.50 to Rs 2.50.

Oil stocks continue offloading: Gail India, Reliance, IOC, HPCL, ONGC, BPCL

The BSE Oil-Gas Index fell by 31.8 points to close at 1,307.9 on sustained selling of funds in oil and gas stocks. Gail India fell by Rs 2.15 to Rs 12.5, Castrol India by Rs 2.50 to Rs 19.50, Reliance Industries' recently released third quarter results showed a decline in revenue and continued selling of funds fell by Rs 4.5 to Rs 19. IOC fell by Rs 1.5 to Rs 21.50, HPCL fell by Rs 2.15 to Rs 715, Petronet LNG fell by Rs 4.5 to Rs 4.5, ONGC fell by Rs 1.5 to Rs. 4.5, BPCL fell by Rs. 2.50 to Rs. 20.5, Gujarat State Petronet fell by Rs. 4.5 to Rs. 12.10.

Overboat position in consumer durables stocks eroded: Whirlpool, Titan, Voltas, Bajaj Ile., TTK Prestige declines

The BSE Consumer Durables Index fell by 311.50 points to close at 206.05 as consumer durables stocks also overbought today. Whirlpool of India fell by Rs 105.10 to Rs 20, Titan fell by Rs 2.15 to Rs 121.50, Bajaj Electricals fell by Rs 19.50 to Rs 3.15, TTK Prestige fell by Rs 2.50 to Rs. .50 were. While CG Consumer was up Rs 13.05 at Rs 2.50, Dixon Technology was down Rs 311.5 at Rs 1,312.5 and Amber Enterprises was up Rs 2.50 at Rs 4.

Auto stocks in reverse gear: Tata Motors, Hero MotoCorp, Mahindra, Eicher, Bosch, MRF, Maruti Gabdaya

Automobile stocks also saw a reversal today. Tata Motors down Rs 11.5 to Rs 2.50, Hero MotoCorp down Rs 19.05 to Rs 20.50, Mahindra & Mahindra down Rs 4.5 to Rs 4.5, Eicher Motors down Rs 2.50 Bosch was down by Rs 5, Bosch was down by Rs 2.8 to Rs 120.5, Exide was down by Rs 3.50 to Rs 19.50, MRF was down by Rs 19.05 to Rs 2,500.

FMCG stocks rise: Hindustan Unilever softens ahead of results: ITC, Renuka Sugar, advance enzymes rise

The funds were selectively bullish in FMCG stocks today. Before the release of Hindustan Unilever's quarterly results, the softness was down by Rs 2.15 to Rs 30.5. Mr. Renuka Sugar increased by 20 paise to Rs. 2.50, Gujarat Ambuja Exports increased by Rs. 2.50 to Rs. 12.5, KRBL increased by Rs. 10.5 to Rs. 8.10, Advance Enzyme increased by Rs. 15 to Rs. Pratap Snacks rose by Rs 19.5 to Rs 21.50, Avanti Feeds by Rs 19.50 to Rs 216.10.

Wide gaps in small, mid-cap stocks: 12 stocks closed negative: only seller lower circuit in 8 stocks

Marketbroadth was negative today as small, mid-cap, cash stocks fell due to wide selling by funds and players. Out of the total 204 scrips traded on the BSE, the number of decliners was 16 and the number of gainers was 1,016. The only seller in 4 stocks was the bearish lower circuit while the only buyer in 214 stocks was the upper circuit.

FPIs / FIIs to sell net worth Rs 15 crore in cash: DIIs to sell net worth Rs 5 crore in cash

FIIs - Foreign Institutional Investors - Foreign Portfolio Investors - FPIs today saw a net sale of Rs 12.5 crore in cash. Of this, a total of Rs 12,9.01 crore was sold against a total purchase of Rs 11,8.5 crore. Meanwhile, DIIs-domestic institutional investors had a net sale of Rs 4.5 crore in cash today. A total of Rs 2.15 crore was sold against a total purchase of Rs 4.5 crore.

Erosion of investors' wealth by Rs 2.08 lakh crore in four days: Erosion of Rs 2.5 lakh crore in one day

The market capitalization of the total stocks traded on the BSE today fell to Rs 16.5 lakh crore from Rs 15.5 lakh crore in a single day. In four trading days, the market capitalization has eroded by Rs 4.05 lakh crore as against Rs 19.50 lakh crore.