The Sensex fell 124 points to 52852

(Gujarat News Correspondent) MUMBAI: Corporate India's quarterly results for the end of June 2018 were weaker than expected by major heavyweight companies, despite positive monsoon progress across the country and a decline in corona transitions. Funds booked index-based profit today. Despite the decline in Tata Motors' losses against the good results of ICICI Bank, the market remained in a negative zone as losses remained high and funds in banking stocks surged, profit booking as well as selling in auto stocks. On the global front, Brent crude remained modestly close to ૮૬ 6.5 and Nymex crude was close to ૭૨ 21.8, amid speculation of weakening crude demand due to increased concerns over the corona delta transition. Along with this, the government's crackdown on technology companies in Asia and China in global markets continued to erode IT stocks. While before the US Federal Reserve meeting and amid concerns over the transition to Corona, caution was observed in the US and European markets. In Indian stock markets, the Sensex fell by 12.5 points to 3.6 and the Nifty spot by 21.50 points to close at 16.8, on selling in automobile, banking, power-capital goods stocks and Reliance Industries. The US dollar had gained two paise to close at Rs 4.5 against the rupee.

The Sensex rose sharply from 8 to 6,105 in the initial rally and then fell 12 points to 7.

Trading started strong today. Frontline stocks Tata Steel, Kotak Mahindra Bank, Infosys, HCL Technology, Tata Steel, Bajaj Finserv, Ultratech Cement, Sun Pharma, Axis Bank, Axis Bank and ICI Increased to 3103.8. After making big profit bookings in State Bank of India, Reliance Industries and selling in auto stocks including Mahindra & Mahindra, Maruti Suzuki and HDFC Limited, Larsen & Toubro, Tech Mahindra, Bharti Airtel, INC, INC Including sell-offs, it fell to a low of 4.5 at one point and ended at 12.5, down 12.5 points.

Nifty spot rises from 12 to 15 in early rally, down 4 points to 16

NSE's Nifty spot opened at 19.20 against the previous close of 17.05, despite the weak results of SBI Life Insurance in the initial rally and gains in Bajaj Finserv. Pharma stocks include Sun Pharma, Diviz Laboratories, Cipla, Stilton, Stilta, Hitta , Britannia, Kotak Mahindra Bank, Infosys, NTPC, Eicher Motors, Tata Consumer Durables, Axis Bank, Grasim among others. With the sell-off in Reliance Industries, State Bank of India, the sell-off in Wipro, JSW Steel, Mahindra & Mahindra, Maruti Suzuki, Tata Motors, Larsen & Toubro, IOC, BPCL fell by 1 per cent. 12.5 was closed.

July Nifty futures fall from 15 to 1918: Bank Nifty futures fall from 2030

Nifty based funds in derivatives were to be sold today. The Nifty July futures opened at 161.50 against 19.10, fell to 120 at the top and ended at 161 at 1215. Bank Nifty July futures opened at 9 points against 2030.50, fell to 315 from the top and fell to 31.3 from the bottom, ending at 6.15.

Profit booking in auto stocks: Tata Motors sells shares despite falling losses: Ashok Leyland, Maruti, Mahindra fall

Rising crude oil prices and petrol and diesel prices also hit record highs, prompting demand for vehicles to slow down in the coming days, as well as lower losses in Tata Motors' quarterly results. Despite a decline in Tata Motors' net loss in the first quarter, the net loss was higher than expected at Rs 21 crore. 30 fell to Rs 21.50, Mahindra & Mahindra fell by Rs 2.50 to Rs 4.5, Hero MotoCorp fell by Rs 4.5 to Rs 210.5, Cummins India fell by Rs 2.10 to Rs 20.5. , Maruti Suzuki fell by Rs 2.50 to Rs 2.50, MRF fell by Rs 4.5 to Rs 30,6.5. The BSE Auto Index was down 19.5 points at 20.8.

HPCL, IOC, Gujarat Gas, GAIL fall by Rs 5 to Rs 205 as a result of weak Reliance Industries

Brent crude was moderately soft today after international crude oil prices rose sharply to close at ૭૪ 6 a barrel. But the fund was also selling in oil-gas stocks on the back of rising petrol, diesel prices and declining demand for vehicles. Reliance Industries' quarterly net profit fell seven per cent to Rs 205.50 on the back of a sell-off. Gujarat Gas fell by Rs 19.50 to Rs 318.05, HPCL by Rs 5 to Rs 4.5, IOC by Rs 1.50 to Rs 104.5, BPCL by Rs 4.5 to Rs 4.5 , ONGC fell by Rs 114.5, Petronet LNG by Rs 1.05 to Rs 314.5. While Adani Total Gas rose by Rs 3.05 to Rs 3.10, Indraprastha Gas rose by Rs 2.50 to Rs 2.50.

Metal stocks pick up: Jindal Steel, Sail, Vedanta, Tata Steel rise: JSW Steel, Hindustan Zinc fall

Funds in metal-mining stocks were the preferred pick today. Of course profit booking was going on in some stocks. Sail rose by Rs 2.10 to Rs 12.5, Hindalco by Rs 4.5 to Rs 2.50, Jindal Steel by Rs 4.5 to Rs 205.10, Vedanta by Rs 4.5 to Rs 21 .40, Tata Steel rose by Rs. 12.50 to Rs. 12.10, NMDC rose by Rs. 1.15 to Rs. While JSW Steel fell by Rs 15 to Rs 205.50, Hindustan Zinc by Rs 4.5 to Rs 3.10, APL Apollo by Rs 11.5 to Rs 1,207.5.

Healthcare stocks rise: Caplin Labs jumps Rs 15 to Rs 4 Apollo Hospital, Sequent, Diviz, Ajanta Pharma jump

The BSE Healthcare Index rose by 19.15 points to close at 7.4 as healthcare-pharmaceuticals stocks rallied again today. Caplin Labs jumped by Rs 151.5 to Rs 4.5, Apollo Hospital by Rs 19.50 to Rs 5,100.5, Sequential Scientific by Rs 7.5 to Rs 305.50, Dr Lalpath Lab by Rs 101. 30 increased to Rs. 3.5, GlaxoSmithKline increased by Rs. 2.50 to Rs. 121, Ajanta Pharma increased by Rs. 5 to Rs. 4, Metropolis increased by Rs. 21 to Rs. 3.10, Morpen Lab increased by Rs. 6.50, Diviz Laboratories increased by Rs. 2.50 to Rs. 210.15, Dishman Carbogen increased by Rs. 2.5 to Rs. 215, Sun Pharma increased by Rs. 2.5 to Rs. 203.5, Torrent Pharma increased by Rs. RPG Life rose by Rs 20 to Rs 205.05, RPG Life rose by Rs 3 to Rs 3.10 and Cipla rose by Rs 4.5 to Rs 21.5.

Small, mid-cap stocks rise: Shankara Building, Bambino, Fluorochem, Evexia Life, Mahindra CIE rise

Small, mid-cap, cash stocks continued to attract investors, high net worth investors and players today. Bambino rose by Rs 2.50 to Rs 2.50, RTS Power by Rs 11.5 to Rs 20.50, Austin Engineering Rs 2.50 crore to Rs 20.50 crore, Shankara Building Rs 2.50 crore to Rs 210.5 crore, BSE listed Evacia Lifecare announces entry into manufacturing of plastic granules and shares split from Rs 10 to Rs 2 paid-up And for this, a record date of July 8 has been set for the stock to rise by Rs 1.50 to Rs 31.50, Mahindra CIE by Rs 4.5 to Rs 3.50, Fluorochem by Rs 114.10 to Rs 19. 30, Balaji Amines rose by Rs 21.5 to Rs 4.5, Chalet Hotel rose by Rs 11.50 to Rs 12.5, Arvind Fashion rose by Rs 19.10 to Rs 219.50.

Funds continue to rise in cash stocks: 17 stocks close positive: Only buyers in 8 stocks bullish circuit

Marketbroadth remained positive today as funds, operators, players, high networth investors bought in small, mid-cap, cash stocks despite the softening at the end of the Sensex, Nifty-based slump. Out of the total 204 scrips traded on the BSE, the number of gainers was 16 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 121 crore in DII cash: Net sale of Rs 3 crore in FPIs / FII cash

FIIs - Foreign institutional investors, foreign portfolio investors - FPIs today (Monday) saw a net sale of Rs 2.5 crore in cash. A total of Rs 4.5 crore was sold against a total purchase of Rs 4.5 crore. On the other hand, DII-domestic institutional investors made a net purchase of Rs 121.5 crore in cash today. A total of Rs 4.5 crore was sold against a total purchase of Rs 4.5 crore.