The Sensex fell 29 points to 58,250


(Gujarat News Correspondent) MUMBAI: Ahead of a long weekend, funds eased cautious gains after the Sensex and Nifty-based stocks rallied for the second day in a row. The third wave of Corona transition has hit states including Kerala and Maharashtra, warning governments of measures including lockdowns. On the other hand, India's increasing focus on economic growth on the economic front Behind the strength, Indian stock markets saw strength earlier today. Of course, with the stock markets closed on Ganesh Chaturthi on Friday, the players took a cautious stance by not taking a big trade in the index-based bulls. The Sensex, the Nifty, fell more than the profit booking in IT-software services, technology stocks, FMCG, automobile stocks. Of course, valuing with short covering of funds in banking-finance stocks and continued rise in stocks of consumer durables companies limited the market decline. The Sensex initially gained strength to 3.7 points, then fell 4.5 points to 20.3 and the Nifty spot rose to 19.50 points and closed at 19.30 points, down 3.50 points. International crude oil prices continued to be strong on narrow fluctuations, with Brent crude rising 5 cents to ૫૬ 2.8 and Nymex crude rising 3 cents to close at ૩૨ 4.5 in the evening. The US dollar had gained 19 paise to 6.50 against the rupee.

Sensex plunges 3 points to 5 from 5

Trading started strong today. The benchmark Sensex opened at 20.8 against the previous close of 7.5. Including technology, Levali and Dr. Reddy's Laboratories, Tata Steel, Mahindra & Mahindra's strength rose to 4.5. Returning from the uptrend, the funds made huge profit bookings in Nestle India and continued to make profitable sales in IT stocks including TCS, Infosys, Tech Mahindra and Reliance Industries, Bajaj Auto, Bajaj Finserv Larsen & Touberti, HDMI At the end of the day, it was down 4.5 points to close at 20.8.

Nifty spot plummeted from 18th to 15th at the end of the fall

NSE's Nifty spot opened at 17.8 against the previous close of 12.10. Attractions including JSW Steel, Shree Cements, Dr. Reddy's Laboratories, Adani Ports, Tata Steel increased to 12.50. Returning from Wadhyamathala to Nestle India, Diviz Laboratories, Wipro, NTPC, SBI Life Insurance, Maruti Suzuki, Hindalco, Bajaj Auto, Bajaj Finserv, Larsen & Toubro, ONGC, N. It had lost 20 points to close at 12.50.

Banking stocks rise by 3 points: Kotak rises by Rs 5 to Rs 1,318

In banking-finance stocks, the stock traded higher again today, with the BSE Bankex gaining 2.4 points to close at 31,412.8 on short-covering gains. Kotak Mahindra Bank jumped by Rs 5 to Rs 1,312.50, Federal Bank by Rs 1.50 to Rs 3.05, AU Small Finance Bank by Rs 19.50 to Rs 1,151, Bandhan Bank by Rs 2.10 to Rs. Axis Bank rose by Rs 4.5 to Rs 4.5, ICICI Bank by Rs 2.15 to Rs 30.50, State Bank of India by Rs 2.50 to Rs 21.5, HDFC Bank by Rs. .4.5 to Rs. 12.10.

Profit booking in IT stocks: Wipro, Happy Mind, TCS, MindTree decline: D-Link, Nelco, Mastek rise

The BSE IT index fell by 3.08 points to close at 2.08 on continued profit booking in IT-software services and technology stocks today. AxisCads Tech fell Rs 1.3 to Rs 20.50, Birla Soft fell Rs 11.50 to Rs 4.5, Wipro fell Rs 11.5 to Rs 4.5, Happy Mind fell Rs 4.5 to Rs .12.5, Aptech down Rs. 3.05 to Rs. 20.5, Ramco System down Rs. 2.50 to Rs. 2.50, Tata Alexi down Rs. 2.50 to Rs. MindTree was down by Rs 3.10, MindTree was down by Rs 30.5 to Rs 3.10, Persistent System was down by Rs 4.5 to Rs 5, Infosys was down by Rs 19.50 to Rs 19. While D-Link India rose by Rs 10.8 to Rs 131.05, Nelco by Rs 4.5 to Rs 2.50, Datametics Global by Rs 19.10 to Rs 2.50, Mastek by Rs 105.50. Increased to Rs.

Consumer Durables Index jumps 30 points: Blue Star, Titan, Renaissance Global, CG Consumer

The BSE Consumer Durables Index rose by 30.50 points to close at 2091.9 today on the back of a steady rise in funds among stocks of consumer durables companies. Titan rises by Rs 8 to Rs 205.50, Whirlpool of India rises by Rs 2.15 to Rs 4.5, Vaibhav Global rises by Rs 4.5 to Rs 4.5, Renaissance Global Wholly owned U.S. HNI buyers jumped Rs 2.50 to Rs 2.50 after the acquisition of Everyday Elegance Jewelery business by subsidiary Renaissance Jewelery New York.

Nestl૪૯૬ drops Rs 5 to Rs 15: P&G falls Rs 5: Globus Spirits, Shree Renuka Sugar, Agrotech Foods rise

FMCG stocks saw a mixed trend today. Globus Spirits jumped Rs 2.50 to Rs 1,111.50, s. H. Kelkar increased by Rs 16.05 to Rs 12.5, Shree Renuka Sugar increased by Rs 1.5 to Rs 2.50, Heritech Foods increased by Rs 15.05 to Rs 5, Agro Tech Foods increased by Rs 4.5 to Rs. 103, Tata Consumer Products rose by Rs 12.50 to Rs 4.5, Hindustan Unilever rose by Rs 2.50 to Rs 2.50. While Nestl ઈ India fell by Rs 2.50 to Rs 12.5, P&G fell by Rs 4.05 to Rs 19, Emami fell by Rs 11.5 to Rs 4.5, Colgate fell by Rs 21.50 to Rs. 1908.50.

Selective rise in oil and gas stocks: Adani Total Gas jumps Rs 5 to Rs 19: BPCL, HPCL rise

Oil-gas stocks were bullish on fund selection today. International crude oil prices continued to be strong, with Brent crude rising 5 cents to ૫૬ 6.5 and Nymex crude rising 3 cents to close at ૩૨ 4.5 in the evening trade. Adani Total Gas jumped by Rs 2.50 to Rs 19.05, BPCL by Rs 4.5 to Rs 4.5, HPCL by Rs 4.5 to Rs 4.50 and Gail by Rs 19.05. In Reliance Industries, profit booking fell by Rs 10.50 to Rs 30.50, ONGC by Rs 1 to Rs 114.5 and Gujarat Gas by Rs 2.50 to Rs 2.50.

Marketbroadth positive: Small stocks close positive: 12 stocks bullish circuit

Index-based, small, mid-cap, cash-strapped funds, experts, players, high-networth investors were more broad-marketed today than broad value-buying. Out of the total 6 scrips traded on the BSE, the number of gainers was 16 and the number of losers was 120. The only seller in 131 stocks was the lower circuit against the bullish circuit of only buyers in 6 stocks.

Investors' asset-market capitalization rises by Rs 2,000 crore to Rs 2.5 lakh crore

The accumulated market capitalization of BSE-listed companies and investors' wealth rose by Rs 2,000 crore in a single day to Rs 4.5 lakh crore today.

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