Recovery after a slump: The Sensex finally closed with a gap of 722 points

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Volatility in stock markets begins as expected by Reserve Bank of India

(Gujarat News Correspondent) MUMBAI: The rupee's weakening against the US dollar, rising petrol and diesel prices, rising inflation and rising unemployment on the economic front eased its overbought position in the stock markets today. Indicating that the current storm of bullishness in the Indian stock markets is excessive, the Reserve Bank of India (RBI) said in a statement that the Indian markets will see a major upheaval in the coming days. After a long period of bullishness in the Indian stock market, small and mid-cap stocks were called for today as bigbulls and funds, including KP, operators were winding down their bullish trades. Funds, operators, players themselves are embroiled in scandals today, fearing that a big scam will come out somewhere in the usual baroque, tumultuous booming move to entrap investors in skyrocketing scams by skyrocketing stock prices of many weak companies by ignoring fundamentals. All-round offloading was called off. Retail investors were also relieved by the rumors that the probe would resume in the coming days. Index-based Metal-Mining, Oil-Gas, Banking, Auto stocks split the Sensex by 3 points from the beginning of the day, with the Nifty hitting a 20-point rally at the beginning of the day, with short covering in the market in the last hour. The Nifty spot was up 17 points at 3.6 and the Nifty spot was down 3.06 points at 12.5. In the evening, Brent crude fell 20 cents to ૫૮ 2.4 and Nymex crude fell 3 cents to close at ૬૬ 20.8. The US dollar had lost 3 paise to Rs 2.7 against the rupee today.

The Sensex has lost 7 points in the erosion since the beginning of the year, reaching 31,201.

Trading started today with expected erosion. The Sensex opened at 2.08 against the previous close of 7.5, falling 2.4 points at one point to a low of 31,601.11. With the short covering of funds from the downtrend, the bulls closed the gap wide at the end of the day, rising 21.12 points to close at 7.5.

Nifty spot fell 20 points in the initial crash to return to 120 and finally rose 3 points to 16

The NSE's Nifty spot opened at 19.40 against the previous close of 121.30, initially offloading at a one-time low of 30.50 points to a low of 120.50. It bounced back from the low of 121.30 and closed at 12.5, down 3.05 points.

Gaps in metal-mining stocks: Metal index down 30 points: JSW down Rs 5, Coal down Rs 5, Vedanta down Rs 5

With the government taking steps at the local level to curb rising prices, including steel, in metal-mining, the negative impact of the price control measures in China also saw steel and metal companies continue to sell in metal stocks today. The BSE Metal Index fell by 30.5 points to close at 1,407.8. JSW Steel fell by Rs 4.5 to Rs 30.5, Coal India by Rs 2.50 to Rs 12.5 and Tata Steel by Rs 12.5 to Rs 1061.50.

State Bank, Federal Bank, RBL declined in banking stocks: Shree Infra, J&K Bank, Crisil, HDFC, IndusInd rose

Banking-finance stocks were seen short-covering after a big sell-off earlier today. State Bank of India fell by Rs 2.50 to Rs 318.50, Federal Bank by Rs 1.50 to Rs 4.5, RBL Bank by Rs 2.50 to Rs 205.5, Kotak Mahindra Bank by Rs 5 Axis Bank was down Rs 1.8 at Rs 150, down Rs 20. While HDFC Bank rose by Rs 19.50 to Rs 12.5, IndusInd Bank rose by Rs 10.8 to Rs 3.50.

Bajaj Auto rises by Rs 105 to Rs 515: Ashok Leyland, Mahindra, Tata Motors, Exide, Balakrishnan Ind., Bosch down

Among the automobile stocks, Bajaj Auto today saw a rise of Rs 106.5 to Rs 316.5, Eicher Motors by Rs 21.5 to Rs 205.50, Escorts by Rs 10.5 to Rs 119.5 and MRF by Rs 15. Increased to Rs.

Gaps in small, mid cap stocks: 2021 stocks Negative: 3 stocks bearish circuit: 4 stocks bullish circuit

With the opening of the market today, the market breadth has become much worse than the widespread hammering of funds, operators, players all around today in small, mid cap, cash stocks. Of course, some stocks were re-valued today. Out of the total 9 scrips traded on the BSE today, the number of gainers was 1140 and the number of decliners was 12021. The only seller in 6 stocks was the lower circuit against the upper circuit of the only buyer in 4 stocks.

Net purchase of Rs 30 crore in cash in FPIs / FII stocks, net purchase of Rs 3 crore in cash of DII

FPI-foreign portfolio investors made a net purchase of Rs 20.5 crore in the cash segment on Friday. A total of Rs 130.7 crore was sold against a total purchase of Rs 2060.8 crore. On the other hand, DII-domestic institutional investors made a net purchase of Rs 2.50 crore in the cash segment today. A total of Rs 206.5 crore was sold against a total purchase of Rs 206.5 crore.

Investors' asset-market capitalization fell by Rs 1.05 lakh crore to Rs 4.5 lakh crore

The accumulated market capitalization of companies listed on the BSE fell by Rs 1.04 lakh crore to Rs 4.5 lakh crore in a single day today on the back of massive sell-offs by funds, players and investors.


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