The Sensex jumped 394 points to a new record high of 49792

(Gujarat News Correspondent) Mumbai, Ta. 20 January 2021, Wednesday

Amid preparations for the Union Budget and the development of the corona vaccine, which is now gaining momentum around the world, the positive impact of the vaccination program has seen funds in Indian stock markets surge for the past two days, with the Sensex surging 1,200 points to a record high of 20,000. Funds stocks in recent days have been heavily offloaded by stocks two days ago by booking massive profits in stocks that seem to have turned the tide. But with some market analysts pointing out that the decline was a necessary correction before the budget, funds were quick to buy into the declining stocks. Foreign funds today rallied in IT, automobile stocks as well as consumer durables, capital goods-power stocks amid signs that various industries are getting incentives-reliefs in the central budget this time. Reliance Industries rallied, led by an aggressive rally in IT-software services stocks, and the Sensex jumped 4.5 points today to close at a new record high of 6.15 and the Nifty spot jumped 17.6 points to a new record high of 19.2.50. The US dollar had lost 18 paise to close at Rs 2.05 against the rupee today.

Sensex jumps 4 points to new record high

Trading started strong today. The Sensex opened at 2.15 against the previous close of 7.5. Reliance Industries has been gaining ground since its inception. And State Bank of India, HDFC Limited, Axis Bank, ICICI Bank, IndusInd Bank, Bajaj Finserv, Bajaj Finance and Titan, Larsen & Toubro, Asian Paints rose to a new high of 4.5. It had gained 6 points to close at a new record high of 6.15.

Nifty rebounds 17.2 new highs, jumps 12 points to 17 new histories

NSE's Nifty spot opened at 19,3.20 against the previous close of 171.15. State Bank of India, HDFC Limited, Axis Bank and Titan, ONGC, Bharti Airtel, HDFC Life, among others, rose to a new high of 13.5 points, closing at a new high of 19.2 points.

January Nifty futures rise from 150 to 17: Bank Nifty futures rise from 7.5 to 7.30

Nifty-based funds continued to rally aggressively in derivatives today. The Nifty January futures opened at 19.31 against 17.50, fell to 17.3.10 and reached 13.30.5 at the end of the day was 12.5. The Bank Nifty opened at 9.5.5 against the January futures 4.5, fell to 9,7.50 and reached 8,9.5, ending at 8,050.

Technically Nifty spot uptrend: Bullish focus on 19010 closing stoploss

Technically the Nifty spot is showing a near trend rally. The Nifty spot is expected to remain bullish with a closing stop of 12,010.

IT index up 3 points: Nelco, MindTree, Mastek, Coforge, Infosys, Tata Alexi up

The BSE IT index jumped 3.61 points to a high of 3.6.5 today as funds continued to be aggressive in IT-software services stocks. Nelco jumped by Rs 19.50 to Rs 20.8, Saskan Technology by Rs 21 to Rs 303.50, Signity Tech by Rs 2.10 to Rs 3.10, MindTree by Rs 118.5 to Rs 15. Mastek rose by Rs 2.50 to Rs 117.50, Majesco by Rs 1.50 to Rs 30.10, Coforge by Rs 115.10 to Rs 4.5, First Shores Solution by Rs 4.5 Rs 5, Tata Alexi up Rs 115.5 to Rs 2.50, Tanla Platforms up Rs 2.50 to Rs 2.50, Persistent System up Rs 2.50 to Rs 13.5, Wipro up Rs 15 2.3 to Rs. 4.5, L&T Technology increased by Rs. 3.5 to Rs. 3.5, Tech Mahindra increased by Rs. 3.5 to Rs. 1013.50, Emphasis increased by Rs. 7, Infosys increased by Rs 2.50 to Rs 12.5, HCL Technology increased by Rs 15.50 to Rs 4.5, TCS increased by Rs 2.09 to Rs 209.50, L&T Infotech increased by Rs 4. 30 to Rs. 2100.

Expect incentives in the budget: MRF jumps by Rs 20 to Rs 4.5: Tata Motors, Bosch, Maruti jump

Aggressive buying of funds in auto stocks continued today amid expectations that the automobile industry would be given incentives in the next Union Budget and policy preparations to scrap vehicles. The BSE Auto Index jumped 3.15 points to close at 8,0.05. MRF jumped by Rs 2.50 to Rs 4.5, Tata Motors by Rs 19.05 to Rs 2.50, Bosch by Rs 3.10 to Rs 15,200, Balakrishna Industries by Rs 4.05 to Rs. 12.5, Maruti Suzuki increased by Rs. 216.5 to Rs. 319.5, Escorts increased by Rs. 20.5 to Rs. 1905.05, Ashok Leyland increased by Rs. 2.50 to Rs. 121.5, Mahindra & Mahindra increased by Rs. 15 to Rs 2.15, Hero MotoCorp to Rs 2.50.

Attraction in Consumer Durables Stocks: VIP Industries, Whirlpool, Titan, TTK Prestige Rise

The BSE Consumer Durables Index rose by 12.5 points to close at 31,04.5 as funds continued to take hold in consumer durables stocks today. VIP Industries up Rs 11.50 to Rs 3, CG Consumer up Rs 2.50 to Rs 205.50, Whirlpool up Rs 20.50 to Rs 7.5, Titan Company up Rs 10.5 to Rs 150 .50, TTK Prestige rose by Rs. 2.50 to Rs. 2021.40, Voltas by Rs.

Metal-mining stocks rise: Jindal Steel, Tata Steel, Nalco, Coal India, Sail rise

Metal-mining stocks saw a steady rise in funds today. Jindal Steel up Rs 4.05 to Rs 303.5, Tata Steel up Rs 2.50 to Rs 30.15, JSW Steel up Rs 2.50 to Rs 200.50, Nalco up Rs 4.5, Coal India rose by Rs 1.2 to Rs 151.5, NMDC by Rs 151.15, Sail by Rs 4.5 and Hindalco by Rs 2.50.

Funds continue to rise in Reliance Industries, jumps by Rs 5 to Rs 305: IOC, BPCL soften

In oil and gas stocks, funds rose by Rs 4.5 to Rs 305.5 on a sustained gain in Reliance Industries today. ONGC was up by Rs 4.5 and Indraprastha Gas by Rs 3.05 to Rs 30.5. Gail India fell by Rs 1.3 to Rs 19, Gujarat State Petro by Rs 2.50 to Rs 205.10 and IOC by Rs 2.50.

Adani Green jumps Rs 5 to Rs 1,050: AIA Engg. Rs 111 rose: Honeywell, Larsen, Bhel rose

Funds in capital goods-power stocks also continued to rise today. AIA Engineering increased by Rs 111 to Rs 317.50, Adani Green NG increased by Rs 2.50 to Rs 1050.5, BHEL increased by Rs 30.50, Honeywell Automation increased by Rs 3.15 to Rs 30,121.10. Larsen & Toubro was up by Rs 19.50 to Rs 131.5, while Lakshmi Machine Works was up by Rs 4.5 to Rs 2111.

Small, Mid-Cap Funds, Investors' Choice Rise 151 Stocks Positive Close: 7 Stocks Rise Circuit

Funds, players' small, mid-cap, funds in cash stocks, market breadth remained positive. Out of the total 215 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 bullish circuit of only buyers in 6 stocks.

Net purchase of Rs 3 crore in FPIs / FII cash Selling of shares worth Rs 3 crore in DII cash

FIIs - Foreign Institutional Investors - Foreign Portfolio Investors - FPIs made a net purchase of Rs 3.08 crore in cash today-Wednesday. Of this, a total of Rs 216.5 crore was sold against a total purchase of Rs 301.5 crore. Meanwhile, DIIs-domestic institutional investors had a net sale of Rs 4.5 crore in cash today. A total of Rs 4.5 crore was sold against a total purchase of Rs 206.5 crore.

Investors' asset-market capitalization rises by Rs 1.31 lakh crore to Rs 12.50 lakh crore

In a single day, the accumulated market capitalization of companies listed on the BSE rose by Rs 1.91 lakh crore to Rs 19.50 lakh crore.