The Sensex fell 66 points to 52587 at the end of two-way volatility
(Gujarat News Correspondent) MUMBAI: Index-based caution was observed in Indian stock markets this weekend as the DGCA extended the ban on international flights to India till August 31, 2021, in view of the sudden surge in positive cases in the country signaling the third wave of Corona transition. International crude oil prices also rose to લર 5 a barrel and Brent crude rose to ૭૬ 1 a barrel on the global front, signaling a resumption of erosion of US-listed Chinese stocks and the imposition of 10 to 5 per cent export duty on steel exports to China. The negative impact of the dollar reaching the surface was also seen in the markets today. Along with the softening in the markets of Asian countries, there was also a softening in the markets of European countries. The index-based market entered the negative zone today as the overbought position of funds in metal-mining stocks eased in Indian stock markets and banking-finance stocks remained profitable. Of course, the Sensex, Nifty-based major erosion was halted today on the back of a sharp rise in funds in the stocks of healthcare-pharmaceuticals companies and a surge in funds in cement stocks with a rally behind IT Mahindra in IT-technology stocks. Small, mid-cap, cash stocks were up broad over the weekend today. At the close of trading, the Sensex was down 4.5 points at 3.4 and the Nifty spot was down 19.60 points at 17.05.
Nifty August Futures down from 1905 14 Bank Nifty Futures down from 8 to 20
Nifty-based funds in derivatives eased bullish trade today. The Nifty August futures opened at 16.50 against 1405.8, fell to 16.50 at the top and fell to 14.30 at the end. Bank Nifty August Futures opened at 200 points against 8.30, fell to a high of 50 and fell to a low of 2.05 at the end of the day was 70.
Sensex Pharma, IT stocks rise to 210 in last hour
Trading started moderately strong today. The Sensex opened at 7.5 against the previous close of 7.05, followed by modest gains at the beginning of the day. With large purchases of funds, including HCL Technology, and Kotak Mahindra Bank, HDFC Bank, HDFC Ltd rallied before the results tomorrow, and the attraction in NTPC, Power Grid Corporation, rose to 210.5 at one point. Returning from the uptrend, the fund's large profit bookings at Bajaj Finance, Bajaj Finserv, State Bank of India and Axis Bank, IndusInd Bank also saw a sell-off in metal stocks, including Tata Steel, and Titan Company, Asian Paints, Essay, Airtel, ICICI Bank's sell-off fell to 5.71 points and finally fell 2.4 points to close at 7.5.
Nifty spot went up to 12 and then came down to 12 and finally dropped 12 points to 14
NSE's Nifty spot opened at 1900.50 against the previous close of 12.5. Attractions including Shree Cement, Grasim and auto stocks including Bajaj Auto, Mahindra & Mahindra, Hero MotoCorp, Adani Ports, NTPC, HDFC Limited, Kotak Mahindra Bank, Coal India rose to 19.50. Metal-mining stocks including Hindalco, Tata Steel, JSW Steel, profit-booking and falling in State-of-India, Bajaj Finance, Bajaj Finserv, SBI Life Insurance, Axis Bank, IndusInd Bank, RSIT Nestl ઈ India, Asian Paints fell sharply to 17.5 points and finally fell 19.20 points to close at 16.05.
3 jumps in pharma index: Sun Pharma jumps Rs 31 over huge profit
Shares of healthcare-pharmaceuticals companies were seen taking aggressive funds today. The BSE Healthcare Index jumped 3.4 points to close at 314.15. Sun Pharma Advance jumps Rs 4.5 to Rs 30.50, Sun Pharma Industries 30, net profit of Rs 151.10 crore in the first quarter ended June 2018 (net loss of Rs 19.50 crore in the same period last year) Levali rose by Rs 20.50 to Rs 3, Max Healthcare by Rs 20.5 to Rs 4.5, Laurus Lab by Rs 2 to Rs 20.5, Abbott India by Rs 4.5 to Rs 12.5 , Cipla up Rs 5 to Rs 30.50, Healthcare Global up Rs 4.5 to Rs 2.50, Alchem Lab up Rs 15.5 to Rs 30, Sanofi India up Rs 4.5 to Rs 30, FDC up Rs 11.50 to Rs 2.50, Glenmark Pharma up Rs 15 to Rs 205.50, Cadila Healthcare up Rs 15.05 to Rs 4.5, Novartis India up Rs 21.10 to Rs 50 Granules India rose by Rs 2.50 to Rs 4.5, Lupine by Rs 31.50 to Rs 1,102.15, Syngen International by Rs 13.5 to Rs 4.5, Lincoln Pharma by Rs 4. 20 to Rs 4.5, Alembic Pharma to Rs 3.15, Torrent Pharma to Rs 19.50.
Auto stocks rise on good monsoon progress: Ashok Leyland rises Rs 5 to Rs 12: Escorts, TVS, Bajaj Auto rises
The monsoon's good progress against the negative factors of rising petrol and diesel prices and rising crude oil prices and successful efforts by auto companies to boost sales by introducing new vehicles were the mainstays of the fund's auto stocks today. Ashok Leyland jumped Rs 4.5 to Rs 19.50, Escorts rose Rs 2.15 to Rs 115.50, TVS Motor Company's quarterly results rose Rs 19.50 to Rs 2.50, Balakrishna Industries rose Rs. Bajaj Auto rose by Rs 2.50 to Rs 2.50, Mahindra & Mahindra rose by Rs 11.50 to Rs 2.50, MRF rose by Rs 105.50 to Rs 3050, Cummins India Rs 10.50 to Rs 4.5, Hero MotoCorp to Rs 15.50.
Profit booking in metal-mining stocks: Hindalco, APL Apollo, Tata Steel, JSW Steel fall: Vedanta rises
In metal-mining stocks, the funds made profit-booking today after reports yesterday that India's demand for steel would increase by 12 per cent to 110 million tonnes this year and that China would impose a 10 to 5 per cent duty on steel exports. Hindalco fell by Rs 19.50 to Rs 4.5, APL Apollo fell by Rs 4.5 to Rs 13.5, Tata Steel fell by Rs 4.5 to Rs 12.5, JSW Steel fell by Rs 10.50 to Rs. Jindal Steel fell by Rs 2.50 to Rs 2.10, NMDC by Rs 1.50 to Rs 131.05 and Hindustan Zinc by Rs 4.5 to Rs 21. While Vedanta rose by Rs 16.05 to Rs 301.5.
Consumer durables stocks rise: Crompton rises by Rs 15 to Rs 5: Voltas rises by Rs 5 to Rs 1,050: Whirlpool rises
Shares of consumer durables companies were also the preferred choice of funds today. Crompton rose by Rs 14.5 to Rs 3.05, Voltas by Rs 4.5 to Rs 105.5, Whirlpool of India by Rs 2.15 to Rs 216.5, Rajesh Exports by Rs 3.50 to Rs. .412.50.
Profit booking in banking-finance stocks: State Bank, Axis Bank, IndusInd Bank declined: Federal Bank, AU Small rose
Profit booking of funds was done today in banking-finance stocks. Of course there was attraction in the stocks of choice. State Bank of India fell by Rs 10.05 to Rs 31.50, Axis Bank by Rs 2.50 to Rs 205, IndusInd Bank by Rs 10.8 to Rs 21, ICICI Bank by Rs 2.50 to Rs. 8.30. Federal Bank rose by Rs 1.5 to Rs 2.50, AU Small Finance rose by Rs 19.50 to Rs 1,310.5, Kotak Mahindra Bank rose by Rs 15.5 to Rs 12.5, HDFC Bank rose by Rs 4. 20 to Rs. 12.50.
Universal rally in small, mid-cap stocks: 16 stocks closed positive: Only buyers in 21 stocks bullish circuit
Marketbroadth continued to be positive today as funds, operators, players, high networth investors bought broadly in small, mid cap, cash stocks with Sensex, Nifty based gains. Out of the total 9 scrips traded on the BSE, the number of gainers was 16 and the number of declines was 16. The only seller in 191 stocks was the lower circuit against the bullish circuit of only buyers in 21 stocks.
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