The Sensex fell 355 points to 52,198

(Gujarat News Correspondent) MUMBAI: Indian stocks rallied in the global market today, with the Dow Jones index plunged by 3 points and the Nasdaq index by 14 points in global markets on the back of a sharp rise in the transition of corona across the globe. For the second day in a row, the Finance Minister said in Parliament yesterday that Sebi and DRI scrutiny against Adani Group companies were taking place today, with erosion in global markets again a major concern for the global economy. With this, the Sensex, Nifty-based erosion in Indian stock markets increased amid reports that the third deadly wave of Corona is approaching in India on August 15. But the scare of short covering and hammering again was seen during the day. On the global front, the 16-point recovery in Dow Jones futures in the evening, the funds also covered the local short. Along with the erosion in global markets, Indian portfolios have also been eased by the negative impact of foreign portfolio investors (FPIs), foreign funds continuing to withdraw investment from India over the past few days. The rupee had lost 3 paise to close at Rs 4.5 against the US dollar today. In the wake of the global recession, Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) reportedly reached an agreement on production cuts. There were wide gaps in Indian stock markets today, especially in small, mid-cap and cash stocks. With this, banking-finance stocks were selling well and offloading in auto, consumer durables, power-capital goods, metal-mining stocks, the Sensex fell 4.5 points to 316.21 and the Nifty spot fell by 120.90 points to 1.

Sensex reaches close to 2000 level: lows till 2017, finally falls 6 points to 313

Trading started today with the expected softness. The Sensex opened at 7.5 against the previous close of 8.30, and from the outset, banking-finance stocks including IndusInd Bank, ICICI Bank, State Bank of India, Bajaj Finance, Axis Bank, HDFC Ltd, HDFC Bank, HDFC Bank, Kotak Mahindra and Kotak Mahindra. Profit booking of funds in metal-mining stocks as well as after the result of HCL technology and sale to NTPC, Mahindra & Mahindra, Bharti Airtel, Sun Pharma, Larsen & Toubro, Dr. Reddy's Laboratories, Power Grid Corp. Had come. Returning from the downtrend, the bipartisanship continued to show a big uptick and finally fell by 3.4 points to close at 313.81.

Nifty spot loses 1500 intra-day lows back to 14 and finally down 120 points to 16

IndusInd Bank, HDFC Life, ICICI Bank, HDFC Bank, State Bank of India, Axis Bank, Bajaj Finance, Bajaj Finance, Coca-Cola and Nifty's Nifty spot opened at 1,407.5 against the previous close of 12.50. Pharma-Healthcare stocks with sale in HDFC Ltd., HDFC Bank in Cipla, Sun Pharma, Dr. Reddy's Laboratories, Dividend Labs in Profit Booking and Hindalco, Tata Steel, JSW Steel in Metal-A Technology, UPL, Mahindra & Mahindra, Tata Motors and ONGC, Larsen, Wipro, Eicher Motors, Coal India lost 1200 points at one point and came down to 12.5 and ended at 120.90 points.

Bankex down 212 points: AU Small, IndusInd, Citibank, Federal Bank, ICICI Bank, State Bank down

The BSE Bankex Index fell by 316.5 points to close at 203.81 on heavy selling of funds in banking and finance stocks today. AU Small Finance Bank fell by Rs 2.50 to Rs 115, IndusInd Bank fell by Rs 4.5 to Rs 2.10, Citi Union Bank fell by Rs 2.10 to Rs 12.5, Federal Bank fell by Rs 2.50. HDFC Bank down Rs 2.50, HDFC Bank down Rs 4.5 to Rs 19, State Bank of India down Rs 2.50 to Rs 30.50, Axis Bank down Rs 2.50 to Rs 4.5, Kotak Mahindra Bank was down by Rs 15.9 to Rs 1,307.50.

Metal-mining stocks fall again: Metal index falls 30 points: Jindal Steel, Hindalco, Vedanta, Sail break

In metal-mining stocks, the BSE Metal Index fell by 3.4 points to close at 161.05 as funds traded higher today. Jindal Steel fell by Rs 19.50 to Rs 20.10, Hindalco by Rs 13.5 to Rs 2.50, Vedanta by Rs 2.50 to Rs 4.50, Sail by Rs 4.5 to Rs 19 .40, Tata Steel fell by Rs. 2.50 to Rs. 12.50. While APL Apollo was up by Rs 4.5 to Rs 19.

Power-Capital Goods Stocks Rise: Sadbhav Engg., Adani Green, Graphite, Grindwell, Finolex Cable Decline

Funds, investors eased the overbought position by giving a break to the rise in power-capital goods stocks. The BSE Capital Goods Index was down 30.15 points at 3.4. Sadbhav Engineering down Rs 2.50 to Rs 2.10, Adani Green NG: down Rs 3.10 to Rs 3.05, Graphite India down Rs 20.5 to Rs 21.5, Grindwell Notern down Rs 20 .12.5, Siemens fell by Rs. 4.5 to Rs. 1912.50, BHEL was Rs.

Profit bookings in healthcare-pharma stocks: Haykal, Alembic, Wockhardt, Dishman, Sequent, Cipla, Biocon, Dr Reddy's fall

In healthcare-pharma stocks, the BSE Healthcare Index fell 4.5 points to close at 203.8 today as funds sold profitably in many stocks. Dr. Reddy's Laboratories fell by Rs. 2.5 to Rs. 20.50, Pfizer by Rs. 2.5 to Rs. 2.50, JB Chemicals by Rs. 4.5 to Rs. 19.50, Sun Pharma by Rs. Chipla fell by Rs 4.5 to Rs 2.50, Alembic Ltd fell by Rs 4.5 to Rs 150 and Wockhardt fell by Rs 8 to Rs 2.50. While Vimta Labs increased by Rs 2.50 to Rs 2.50, Albert David increased by Rs 3.15 to Rs 2.50, Abbott India increased by Rs 120.50 to Rs 1500, Indoco Remedies increased by Rs 4.05 to Rs. 6.50.

Wide gaps in small, mid-cap stocks: Marketbroadth Extremely bad: 213 stocks Negative: 8 stocks bullish circuit

In small, mid-cap, cash stocks today, the market breadth became much worse than the broad sell-off by funds, operators, investors. Out of the total 6 scrips traded on the BSE, the number of decliners was 318 and the number of gainers was 104. However, the only seller in 9 stocks today was the lower circuit against the upper circuit of the only buyer.

Market Capitalization: Investors' assets fall by Rs 3.17 lakh crore to Rs 21.01 lakh crore

Universal selling in index-based stocks, including small, mid-cap and cash stocks, consolidated market capitalization of companies listed on the BSE - investors' wealth fell by Rs 2.15 lakh crore to Rs 21.01 lakh crore in a single day today.