The Sensex rose 149 points to a new high of 60,284
Dollar rises 17 paise to Rs 4.31: Historic rally in stocks
(Gujarat News Correspondent) MUMBAI: Indian stock markets rallied today on the back of sustained stimulus measures by the central government to boost economic growth in the country, relief measures and the resumption of the monsoon this year and the acceleration of industrial and economic activities. On the global front, the stock market rallied today, ignoring reports of power cuts in various states due to the crisis and coal shortages in India as well as the negative factors that pushed international crude oil prices back to a seven-year high yesterday. . Shares of consumer durables companies, automobiles, banking and finance and FMCG stocks rose sharply by 17.6 points to 302.31 and Nifty spot rose by 3 points to close at a new all-time high of 161.8. The US dollar had gained 19 paise to Rs 2.31 against the rupee. International crude oil prices rose 17 cents to close at à«à«® 7.5 a barrel and Nymex crude rose 3 cents to close at à«à« 20.8 a barrel today.
Sensex rises to 2021 and falls to 9
Trading started strong today. The Sensex opened at 2009.5 against the previous close of 2013.8. Auto-led funds made aggressive purchases and attracted FMCG stocks, including Nestle India, ITC, Hindustan Unilever, and Tata Steel, Reliance Industries, Asian Paints, among others. Among IT stocks, sales of HCL Technology, TCS, Infosys and Ultratech Cement, Bharti Airtel, Sun Pharma, Mahindra & Mahindra rose by 12.5 points to close at 203.81.
Nifty spot went up again till 19005 and came down to 12 and finally increased by 3 points to 17 new heights.
After the NSE's Nifty spot opened at 19.30 against the previous close of 17.8, the sell-off in IT stocks came down to 14.5 in the shock. Auto shares with Kotak Mahindra Bank, IndusInd Bank, Bajaj Finance, SBI Life Insurance Attractions, including paints, rose to 12,004.8, and finally rose 3 points to close at 121.5.
Nifty October futures rise from 16 to 12,008 Bank Nifty futures rise from 9 to 6
In October, the Nifty futures opened at 1915 against 19.05, went up to 19015, came back down to 19.30 and ended at 12008.50. The Bank Nifty opened 3 points higher against the October Future 6.5, fell to 5,120, reached 9 and closed at 8.5.
Consumer Durables Index jumps 14 points: Titan rises Rs 181 to Rs 5
The BSE Consumer Durables Index jumped 19.5 points to close at 6.15 today as funds continued to buy heavily in stocks of consumer durables companies. Titan Company rose by Rs 151.05 to Rs 4.5, Whirlpool of India rose by Rs 20.10 to Rs 2.50, Orient Electric rose by Rs 2.50 to Rs 4.50, Dixon by Rs 4.5 Rs 5, Crompton rose by Rs 1.5 to Rs 31.50, Blue Star rose by Rs 1.3 to Rs 206.5.
Auto stocks continue to rise: Bajaj Auto rises by Rs 15 to Rs 5 TVS Motor, Hero MotoCorp, Motherson rise
Shares of automobile companies continued to be the preferred choice of funds today. Tata Motors' global sales growth, including Jaguar Land Rover, and TPG Group's announcement to invest Rs 500 crore in new electric verticals in the company saw the stock rise by Rs 2.15 to Rs 30.50. Bajaj Auto jumps by Rs 19.50 to Rs 2.15, TVS Motor by Rs 13.5 to Rs 4.5, Hero MotoCorp by Rs 2.50 to Rs 316.5, Eicher Motors by Rs 4.10 At Rs 303.05, Motherson Sumi rose by Rs 4.5 to Rs 3.15.
Bankex up 30 points: State Bank up Rs 15, Federal Bank, Axis Bank, Kotak Bank, Indusind up Rs 5
The BSE Bankex Index rose by 30.61 points to close at 314.05 on the back of continued fund-raising in banking-finance stocks today. State Bank of India rose by Rs 19.50 to Rs 2.10, Federal Bank by Rs 4.5 to Rs 4.5, Axis Bank by Rs 2.50 to Rs 5, Kotak Bank by Rs 15 to Rs. 19.15, IndusInd Bank rose by Rs.
Crude oil boom breaks: Reliance rises by Rs 15 to Rs 5: HPCL, Petronet LNG rises
Brent rose 15 cents to close at à«à«® 2.8 this evening and Nymex crude rose 3 cents to close at à«à« 20.8 this evening. However, oil and gas stocks saw a mixed trend today as imports became more expensive as the US dollar rose to Rs 5.21 against the rupee and petrol and diesel prices continued to rise. HPCL rose by Rs 4.5 to Rs 4.5, Petronet LNG by Rs 4.5 to Rs 2.50 and Reliance Industries by Rs 19.50 to Rs 4.5.
Technically Nifty spot uptrends near 12-day closing close
Technically the Nifty is showing a near trend rally. At the Nifty spot, the closing stop of 19 is being focused.
Continued offloading in IT stocks: HCL down Rs 5 to Rs 150: Tech Mahindra, Coforge, TCS, Infosys fall
Funds in IT-software services, technology stocks continued to sell profitably today. HCL Technology down Rs 4.5 to Rs 12.50, Tata Communications down Rs 2.15 to Rs 19.50, Just Dial down Rs 4.5 to Rs 4.5, Tech Mahindra down Rs 2.50 Rs 12.5, Coforge down Rs 2.50 to Rs 3.05, TCS down Rs 2.50 to Rs 2.50, Infosys down Rs 2.50 to Rs 19.50, Oracle Finserv Rs 15 .05 to Rs. 3.50.
Profit booking in small, mid-cap, cash stocks: 16 stocks closed positive: Only buyer's circuit in 215 stocks
In small, mid-cap, cash stocks today, funds, operators, high networth investors, players rallied again after the rally. Out of the total 9 scrips traded on the BSE today, the number of gainers was 16 and the number of losers was 1911. The only seller in 19 stocks was the lower circuit, as opposed to the upper circuit of the only buyer in 215 stocks.
Net sale of Rs 5 crore in FPI / FII cash Net sale of Rs 21 crore in DII cash
FIIs - Foreign institutional investors, foreign portfolio investors - FPIs today saw a net sale of Rs 2.5 crore in cash. A total of Rs 3.5 crore was sold against a total purchase of Rs 3 crore. On the other hand, DIIs-domestic institutional investors today saw a net sale of Rs 21.5 crore in cash. A total of Rs 216.5 crore was sold against a total purchase of Rs 2.81 crore.
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