The Sensex jumped 248 points to a new high of 49517
(Gujarat News Correspondent) Mumbai, Ta. 12 January 2021, Tuesday
Foreign portfolio investors (FPIs) kept the Sensex-Nifty at a new historic high today, giving enough intra-day correction as stocks continued to buy in anticipation of rapid economic growth in India. With the Sensex moving towards 20,000, the Nifty crossed the 1600 level. Taking seriously the earlier statement of Finance Minister Nirmala Sitharaman that the Modi government has not seen the next Union Budget in the last 100 years, investors from all over the country, including foreign funds, continue to buy stocks. The market expects mega stimulus to be unveiled in this budget and a number of incentives for local industries. With the Supreme Court today granting relief to farmers who have been protesting against agrarian reforms for several days, the government today issued an interim injunction restraining them from implementing three major reforms, signaling an immediate peace in the matter. Reliance Industries, Banking-Finance stocks rebounded, Automobile, Oil-Gas stocks rallied, the Sensex rose 3.6 points to 5,612.11 and the Nifty Spot rose 4 points to a new all-time high of 13.8.5. .
The Sensex fell to 203, hitting a new high and reaching a new high
Trading started cautiously today. The Sensex opened at 8.5.5 against the previous close of 6.5. Bajaj Finserv, HDFC Ltd, Bajaj Auto softened to a low of Rs 303.5. With banking giants State Bank of India, HDFC Bank, Bajaj Finance, Axis Bank booming and renewed major purchases in Reliance Industries and raising the investment limit for foreign portfolio investors in Bharti Airtel to 100 per cent At the end of the day, it set a new record of 6.15 points and closed at a new record high of 9,612.11 points, up 2.3 points.
Nifty rises 17 points to make history
NSE's Nifty spot opened at 17,9.20 against the previous close of 12,7.5. Initially, FMCG stocks Hindustan Unilever, Nestle India, Titan Company, Asian Paints, Sun Pharma, Kotak Bank, Cipla, Diviz Lab. Mahindra, Dr. Reddy's Lab., Shree Cement, Infosys, among others. Returning from the downtrend, auto giants Tata Motors, Eicher Motors, Hero MotoCorp and Reliance Industries, Bharti Airtel and State Bank of India, HDFC Bank, IOC, ITC and others have risen to Rs 190.8 crore. The index rose to close at a new high of 19.3.5.
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.
January Nifty futures rise from 12 to 13,6: Bank Nifty futures rise to 8,50
Nifty-based funds in derivatives rebounded today. The Nifty January futures opened at 12.5 against 14.3.5, fell to 17.8.5 and reached 13.5 at the end of 13.3.20. Bank Nifty January futures opened at 21,6.5 against 8,09.5, fell to 31,610 and reached 8,305.50, ending at 8,70.
Crude Brent ૪૫ 4.5: Reliance starts a new round of rally: Rs 30 jumps to Rs 15
International crude oil prices continued to strengthen, with Brent crude rising 3 cents to ૪૫ 4.5 a barrel and Nymex crude to ૯૪ 4.5 a barrel. In Reliance Industries, the stock opened a new wave of gains and today the stock rose by Rs 4.5 to close at a high of Rs 13.5. Amidst talk of buyback of shares in Gail India, the attraction increased by Rs 4.5 to Rs 131.5, IOC by Rs 4.5 to Rs 4.5, Indraprastha Gas by Rs 2.50 to Rs 3.50, ONGC by Rs 105. .4, HPCL was Rs. 4.5, BPCL was Rs. The BSE Oil-Gas Index rose by 2.4 points to close at 16,013.8.
Auto stocks rise: Tata Motors jumps Rs 15 to Rs 5: Bosch, MRF, Eicher
Funds continued to be bought in auto stocks today amid expectations of incentives for the automobile industry in the Union Budget and an increase in vehicle purchases following the Koro crisis. The BSE Auto Index rose 2.4 points to close at 2,60.05. Shares of Tata Motors rose by Rs 19.50 to Rs 4.50 on buying of funds, signaling good performance of Jaguar Land Rover and its mission to improve the company's performance at home and free the company from debt in the coming years. Bosch jumped Rs 4.05 to Rs 19,50, MRF jumped Rs 21.5 to Rs 2,50, Ashok Leyland jumped Rs 2.50 to Rs 121.50, Eicher Motors jumped Rs 106.5 to Rs. 2.50, Exide was up Rs. 4.5 to Rs. 206.5, Hero MotoCorp was up Rs. 2.50 to Rs. 2.15, Escorts was up Rs. While Mahindra fell by Rs 4.5 to Rs 30, Balakrishna Industries fell by Rs 2.50 to Rs 120.50 and Maruti Suzuki fell by Rs 3.05 to Rs 219.
PSU Bank stocks rise: State Bank, Bank of Baroda, Canara, PNB, Indian Bank rise
Funds rallied broadly again today in PSU banking stocks. State Bank of India rose by Rs 10.50 to Rs 7.5, PNB by Rs 1.50 to Rs 2.50, Bank of Baroda by Rs 4.5 to Rs 20.5, J&K Bank by Rs. Cancer Bank was up by Rs 2.50 to Rs 2.50, Canara Bank was up by Rs 10.50 to Rs 12.50, Bank of Maharashtra was up by Rs 19.5 and Indian Bank was up by Rs 3.15 to Rs 21.50. Among other bank stocks, HDFC Bank rose by Rs 2.50 to Rs 120.50, Federal Bank by Rs 1.2 to Rs 4.5, Axis Bank by Rs 2.50 to Rs 2.50, ICICI Bank by Rs 5. .12 and stood at Rs. 2.50.
Real estate stocks rebound: Suntech Realty, Brigade, Prestige rise
After the Maharashtra government earlier reduced the stamp duty, now the construction premium has been reduced by 20 per cent, property prices are expected to rise with the fall in property prices and budget expectations in the real estate sector are expected and the central government will set up a regulatory body to control steel and cement prices. The attraction was happening. DLF rose by Rs 20.5 to Rs 4.5, Suntech Realty rose by Rs 10.5 to Rs 21.5, Brigade Enterprises rose by Rs 4.5 to Rs 2.15, Prestige Estate rose by Rs 5 to Rs 4 .40, Oberoi Realty rose by Rs. 3.50 to Rs.
Newland Lab in Pharma Shares. Rs 12 increased to Rs 15: Piramal, Syngen, plays increased
Pharmaceuticals-healthcare stocks saw a mixed trend today. Stride Pharma down Rs 4.5 to Rs 316.5, Suven Pharma down Rs 10.15 to Rs 2.50, Procter & Gamble down Rs 19.05 to Rs 313.5, Sun Pharma down Rs 11.05 It was down by Rs 303.5, Alembic by Rs 1.3 to Rs 105.50 and Diviz Lab by Rs 20.50 to Rs 4. While Newland Lab. Piramal Enterprises increased by Rs. 18.5 to Rs. 18, Piramal Enterprises increased by Rs. 6.50 to Rs. 19.50, Syngen International increased by Rs. 18.05 to Rs. 219.30, Natco Pharma increased by Rs. 7, Metropolis rose by Rs 21 to Rs 219.50.
FMCG stocks Hindustan Unilever, Nestle, Varun Beverages, ADF Foods declined
FMCG stocks had profit booking in heavyweight-frontline stocks today. Hindustan Unilever fell by Rs 4.5 to Rs 4, Nestle India by Rs 2.10 to Rs 12,009.10, ADF Foods by Rs 19.50 to Rs 21.5, SH Kelkar by Rs 3.05 to Rs. .12.5, Colgate fell by Rs. 3.10 to Rs. While Tata Coffee rose by Rs 4.5 to Rs 117.5, Balrampur Chinese by Rs 2.50 to Rs 19.10, ITC by Rs 4.5 to Rs 209.50.
Small, Mid Cap, Cash Attraction: 16 Stocks Positive: 21 stocks bullish circuit
Small, mid-cap, cash stocks declined today as stocks became more marketbroadth positive than funds, players, investors buying again. Out of the total 9 scrips traded on the BSE, the number of gainers was 16 and the number of losers was 1,407. The only seller in 21 stocks was the bearish lower circuit while the only seller in 21 stocks was the lower circuit.
FPIs / FIIs buy Rs 31 crore in cash: DII sells shares worth Rs 15 crore in cash
FIIs - Foreign Institutional Investors - Foreign Portfolio Investors - FPIs made a net purchase of Rs 21.5 crore in cash today-Tuesday. Of this, a total of Rs 4.5 crore was sold against a total purchase of Rs 4.5 crore. Meanwhile, DIIs-domestic institutional investors had a net sale of Rs 12.50 crore in cash today. A total of Rs 21.11 crore was sold against a total purchase of Rs 2.81 crore.
Investors' asset-market capitalization rises by Rs 30,000 crore to Rs 12.5 lakh crore
The accumulated market capitalization of companies listed on the BSE today - the assets of investors - rose by Rs 20,000 crore in a single day to Rs 12.5 lakh crore.
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