New History: Sensex jumps 458 points to 50,255 new highs

(Gujarat News Correspondent) Mumbai, Ta. 03 February 2021, Wednesday

For the third day in a row, the BSE benchmark Sensex jumped 30,000 points to set a new record of 206.5. Along with this, Nifty also made history of 17 new heights. The funds continued to rise all round today as the Union Budget continues to be important for the overall development of the country, especially for a self-reliant India, and encourages various sectors, including infrastructure. The funds have been bullish on the stock since the beginning of this week after the expected big correction for the long-term health of the market last week. With the positive impact of budget incentives in the banking and financial sector, the allocation of Rs 2,000 crore for the corona vaccination program and other provisions, as well as the positive impact of incentives for infrastructure, led the stocks to rise sharply today. Banking-Finance, Healthcare-Pharmaceuticals, Consumer Durables, IT-Software, Metal-Mining, Oil-Gas stocks attracted a new history of 309.5 and jumped 1.05 points. In the end, it jumped 17.10 points and closed at a new high of 13.8. Thus, in three days, the Sensex has risen by 4000 points.

Sensex jumps 4 points intra-day to make 202 new history, jumps 3 to reach new high of 303

Trading started strong today. The Sensex opened at 2091.05 against the previous close of 7.5, rising from the outset in banking-finance stocks including IndusInd Bank, Axis Bank, HDFC Ltd, Bajaj Finance, HDFC Bank, Levali and pharma Attractions including Titan Company, Tech Mahindra, NTPC, Power Grid Corporation, Infosys, Mahindra & Mahindra, Bharti Airtel, Bajaj Auto, State Bank of India, Larsen & Toubro, HCL Technology, Reliance jumped 4.5 points at a time. At the end of making history, it jumped 4.05 points and closed at a new record high of 206.5.

Preparations for Nifty Spot 15000: Intra-day jumped 21 points, made history, finally rose 17 to a height of 120.

NSE's Nifty spot opened at 19.20 against the previous close of 17.8. Banking-finance stocks like IndusInd Bank, Axis Bank, Bajaj Finance, HDFC Ltd, HDFC Bank, HDFC Moto and AutoCo With the rise in pharma stocks like Dr. Reddy's Laboratories, Sun Pharma, Cipla, Diviz Lab and IOC, NTPC, Titan Company, Tata Steel, Adani Ports, Bharti Airtel, the gainers rose by 31 points at a time to set a new history of 19.21. The points were closed at 12.5.

February Nifty Future jumps from 19 to 1918: Bank Nifty Future jumps from 3 to 6

Nifty-based funds in derivatives were consistently bullish today. The Nifty opened at 120 points against the February 14 futures, dipped to 1911 and reached 1905 at the end of 1912. Bank Nifty February futures opened at 3 points against 8.30, fell to 205.50, reached 8.30 and finally closed at 6.

Bankex jumps 3 points: IndusInd jumps Rs 5 to Rs 1,050: RBL Bank, Axis, HDFC Bank rise

The BSE Bankex Index jumped 3.3 points to close at 310.10 on the back of aggressive buying by funds in banking and finance stocks today. IndusInd Bank rose by Rs 4.5 to Rs 107.5, RBL Bank by Rs 19.05 to Rs 2.50, Axis Bank by Rs 19.50 to Rs 2.50, Federal Bank by Rs 1.2 HDFC Bank rose by Rs 19.50 to Rs 19.50, ICICI Bank by Rs 3 to Rs 4.5, State Bank of India by Rs 4.5 to Rs 4.5.

Shriram City rose by Rs 5, IIFL Finance by Rs 15, Shriram Transport by Rs 104, Mahindra Finance by Rs 15

Funds were also widely traded in finance stocks today. Shriram City jumps Rs 4.5 to Rs 19.15, IIFL Finance rises Rs 15.5 to Rs 311.50, Shriram Transport Finance rises Rs 105.50 to Rs 15, PTC India Finance rises Rs 1.50 Rs 12.50, Mahindra Financial increased by Rs 19.50 to Rs 19.15, Magma Fincorp increased by Rs 2.50 to Rs 4.05, Power Finance Corp increased by Rs 3.15 to Rs 19, Religare increased by Rs. 2.50 to Rs. 3.50, AB Capital increased by Rs. 2.50 to Rs. 2.50, Chaulam Ndalam increased by Rs. 21.10 to Rs. 20.5, ICICI Lombard increased by Rs. 10, PNB Housing Finance rose by Rs 2.50 to Rs 4.5, Motilal Oswal rose by Rs 11.50 to Rs 3.15.

Alembic rose by Rs 4, Ipka by Rs 150, Unichem by Rs 21, Metropolis by Rs 15, Diviz by Rs 15, Cipla by Rs 4 and Sun by Rs 20.

Healthcare-pharmaceuticals stocks were on a steady rise today as incentives for vaccination were provided in the central budget with a provision of Rs 2,000 crore. The BSE Healthcare Index jumped 206.5 points to close at 314.5. Alembic Ltd. jumped by Rs. 5 to Rs. 104.5, Ipla Labs by Rs. 19.50 to Rs. 206.5, Morpen Lab by Rs. 3.10 to Rs. 20.50, Granules India by Rs. 4.5, Unichem Lab up Rs 21.05 to Rs 318.15, Metropolis up Rs 13.5 to Rs 209.50, IOL Chemicals up Rs 2.50 to Rs 219.50, Albert David up Rs 31 30 increased to Rs. 20, Diviz Lab increased by Rs. 19.15 to Rs. 3.5, Dr. Reddy's Laboratories increased by Rs. 19.50 to Rs. 20.5, Sun Pharma increased by Rs. 20.05 to Rs. , Biocon increased by Rs 2.50 to Rs 301.15, Glenmark increased by Rs 19.05 to Rs 301.50, FDC increased by Rs 3.15 to Rs 3.50, Abbott India increased by Rs 2.50 to Rs. 130, AstraZeneca rose by Rs 2.50 to Rs 31.50.

Among IT stocks, Aptech rose by Rs 15, L&T Info by Rs 3, Persistent by Rs 3, Indiamart by Rs 4 and Coforge by Rs 4.

Funds in IT-software services stocks were also bullish today. Aptech increased by Rs 16.15 to Rs 313.5, L&T Infotech increased by Rs 4.5 to Rs 3, Persistent increased by Rs 4.5 to Rs 12.5, Ramco system increased by Rs 3.5. 2.50, Indiamart up Rs. 2.50 to Rs. 3.05, Coforge up Rs. 2.50 to Rs. 219.50, Tech Mahindra up Rs. 2.50 to Rs. 31.50, Tanla Platforms up Rs. ૩૫ MindTree increased by Rs. 206.5, MindTree increased by Rs. 2.5 to Rs. 1905, Wipro increased by Rs. 2.50 to Rs. 4.5, Infosys increased by Rs. 18.50 to Rs. 12.10, L&T Technology increased by Rs. The Oracle Finserv was up by Rs 13.5 to Rs 200.

In auto stocks, Escorts rose by Rs 3, Hero MotoCorp by Rs 15, TVS by Rs 3, Balakrishnan End by Rs 5 and Tata Motors by Rs 4.

Even in automobile stocks, funds continued to rise today. The attraction was the announcement of a policy for scrap vehicles in the budget. Escorts increased by Rs 2.50 to Rs 19.50, Hero MotoCorp increased by Rs 15.5 to Rs 30, TVS Motor increased by Rs 4.5 to Rs 3.50, Balakrishnan Industries increased by Rs 3.10 to Rs 13 Tata Motors rose by Rs 4.5 to Rs 30.5, Mahindra & Mahindra by Rs 19.50 to Rs 5, Ashok Leyland by Rs 2.15 to Rs 12.5, Maruti Suzuki by Rs 4. 07 fell to Rs. 4.5, MRF fell by Rs. 219.05 to Rs.

Consumer durables stocks rise: VIP Industries, Titan Company, Voltas, Dixon Techno, Bajaj Electricals rise

Consumer durables stocks also continued to pick. VIP Industries up Rs 11.5 to Rs 5, Titan Company up Rs 4.5 to Rs 19.50, Voltas up Rs 12.5 to Rs 1,009.15, Dixon Technology shares up Rs 12.15 At Rs 121, Bajaj Electricals rose by Rs 2.50 to Rs 4.10.

Budget Week Uninterrupted Bullion: 16 stocks positive: Only buyers in 21 stocks bullish circuit

In the budget week, small, mid-cap, cash stocks, funds, players today, the market breadth was more positive than the broad broad. Out of a total of 4,151 scrips traded on the BSE, the number of gainers was 16 and the number of losers was 1,307. Only 21 stocks had a bearish upper circuit while 30 stocks had a bearish lower circuit.

Net purchase of Rs 30 crore in FPIs / FII cash: Net sale of Rs 500 crore shares in DII cash

FIIs - Foreign Institutional Investors - Foreign Portfolio Investors - FPIs made a net purchase of Rs 30.5 crore in cash today-Wednesday. Of this, a total of Rs 303.8 crore was sold against a total purchase of Rs 114.15 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 4.5 crore.

Investors' wealth market rises by Rs 1.8 lakh crore to Rs 12.5 lakh crore

The market capitalization of stocks traded on the BSE rose by a whopping Rs 1.5 lakh crore in a single day to Rs 17.5 lakh crore today.